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Clay,
I was watching one of the Ford officials a couple of days ago trying to explain how they got into the mess they are in and he said exactly what you said. Bankruptcy would be the worst thing they could do as no one would want to buy a car from any company that was going through that for fear they may not survive. A plane ticked could be quite a bit different as many of the airlines used to honor each others tickets back when I was flying, but I don't know about that now.
Ron
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