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Via BloggingStocks:
Filed under: Ford Motor (F), General Motors (GM), Stocks to Buy
The past few days have been full of debate on the matter. With so many issues and questions regarding the merits of a bailout, answers will be difficult if not impossible to come by. "Throw something up against the wall and hope it sticks" seems to be the modus operandi of the current administration with respect to the financial sector bailout. Now, Detroit is essentially asking for the same thing. Critics are rightfully upset. There is no guarantee that loans to Detroit will ever be paid back. What results will accrue for taxpayer effort? Is this simply a black hole? Which industry will be asking for help next? These are all legitimate questions. The case for the bailout is simple: No money from Washington results in bankruptcy with a chance of complete failure. With that failure comes the loss of three million jobs up and down the auto food chain. And there is the rub. This is more than just the Big Three automakers -- they and their suppliers are all at risk of complete and total collapse. One such supplier is Lear Corp. (NYSE: LEA). Continue reading Bet on an auto bailout: Lear Corp. (LEA) Bet on an auto bailout: Lear Corp. (LEA) originally appeared on BloggingStocks on Tue, 18 Nov 2008 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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if you are going to bet on an auto bailout why not just bet on the pure plays? |
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