Three guys from Detroit go into a Washington showroom. They check out the goods, like what they see and make an offer.
$25 billion.
They get rejected. “No can-do,” says the salesman.
The guys go home, re-group and come back a couple weeks later and make another offer.
$34 billion.
“Whoa-boy,” says the salesman. “I’m not so sure my manager will go for that. I’ll try, but I don’t know if I can get that kind of financing. I’m going to have to go see if my manager will go for this sweet offer. But I make no promises.”
He leaves. The three guys wait nervously.
Buying an industry is a pain.
Great post! I thought of that analogy too. I’d suggest we drive the auto industry around the block, but I’m afraid the tires would fall off. Keep up the interesting and funny posts.
As a huge buick fan, I am on pins and needled with this whole bailout thing. Hopefully it all ends well. lol post