Corporate Jets Cheaper Than Hybrid Cars

IT seems like only yesterday when the Big Three flew in on their corporate jets to tell Congress, and the waiting nation, that they needed $25 billion to keep the wolves from the door, but it was all of a fortnight ago.

This time they drove to Washington in their humble hybrids, which put the price up to $34 billion; obviously corporate jets are real money-savers, and the sooner everyone sarts travelling by them the better.

According to the markets, as measured by the rates on credit default swaps, there is 96 percent chance of default by G.M., and 91 percent chance of default by Ford, within the next five years.

But the BIG question is whether the US will go into default if it fails to bail them out…

- Chenier

Anorak

Posted: 5th, December 2008 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink