Why is Wall Street ignoring Detroit?

By Paul R. La Monica, CNNMoney
2009-4-24 12:11:51

NEW YORK (CNNMoney.com) -- Detroit's Big Three could soon become the Big Two or even the Big One.

The futures of Chrysler LLC and General Motors (GM, Fortune 500) are highly uncertain as deadlines near for them to either restructure or file for bankruptcy.

And the Motown automaker in the "best" shape isn't exactly healthy either. Ford Motor (F, Fortune 500) reported a quarterly loss of $1.4 billion in the first quarter and burned through $3.7 billion in cash.

So why is Wall Street relatively sanguine about the possibility of even more upheaval in what's a fairly important sector of the U.S. economy?

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	Why is Wall Street ignoring Detroit? By Paul R. La Monica, CNNMoney 2009-4-24 12:11:51 NEW YORK (CNNMoney.com) -- Detroit's Big Three could soon become the Big Two or even the Big One. The futures of Chrysler LLC and General Motors (GM, Fortune 500) are highly uncertain as deadlines near for them to either restructure or file for bankruptcy. And the Motown automaker in the "best" shape isn't exactly healthy either. Ford Motor (F, Fortune 500) reported a quarterly loss of $1.4 billion in the first quarter and burned through $3.7 billion in cash. So why is Wall Street relatively sanguine about the possibility of even more upheaval in what's a fairly important sector of the U.S. economy?