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J. D. Billiford @ Feb 19th 2008 10:45AM
>>> Cerberus states in its letter to investors, "Some of the possible failure scenarios include a nasty recession, an extreme slowdown in the car market, or a further credit downturn."
Don't be fooled into thinking these scenarios are being directed at Chrysler alone. Both GM and Ford could face the same fate as both of those companies are also skirting along the edge of the cliff.
Unfortunately, short term thinking and just plain greed have placed the economy in this position. If Chrysler were indeed to fail, would the terrain to be covered by the other automakers be any easier?