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Lilpup
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Username: Lilpup

Post Number: 3142
Registered: 06-2004
Posted on Monday, November 19, 2007 - 7:52 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Yeah, the mortgage industry is jacked right now, but, hey, you can live in your car, too!

Yahoo News

Three top investors in the automotive industry painted a grim picture on Sunday for the sector in 2008, with one executive predicting a possible slump in U.S. sales to levels not seen in 15 years.

The weakest forecast is for a possible 9.4 percent decline. But all three -- Jerry York, an adviser to billionaire investor Kirk Kerkorian; financier Wilbur Ross; and Thomas Stallkamp, a former Chrysler president -- were more pessimistic than many in the battered industry.

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