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What pisses me off the most about the car bailout is Ford even being involved in it. After it started looking like there would be heavy regulation and rules that went along with any loan and no free money Bloomberg reported that Ford would not take part in it after all because they had enough cash on hand to restructure and re-tool themselves and get themselves profitable by 2011.
If they had that on hand and could do that own their own, why were they there in the first place? They were clearly looking for a handout when it sounds like they probably don't even need it.
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