Anyone want to put some money into GM or Ford?
From today's Wall Street Journal:Corrections & Amplifications
May 8, 2006; Page A2
THE MARKET IMPLIED probability of default for General Motors Corp. in three years, as compiled by J.P. Morgan, is 51%, while Ford Motor Co.'s default risk in three years is 43%. Based on incorrect information from J.P. Morgan, a Marketplace article Friday gave the GM figure as 34%, making it appear that Ford had a higher default risk than GM.
Oh, boy, I bet this correction makes the Ford people feel a whole lot better.
Wall Street Journal, errors, General Motors, Ford
posted by Unknown @ 5/08/2006 01:34:00 PM
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