I came across this interesting article that was linked from another Blog Site I frequent. Straight from Forbes.com is this nice little tidbit that was discovered on the eve of the Bailout attempt.
Chrysler’s Hidden Coffers
Dan Gerstein, 12.10.08, 12:01 AM EST
Why is Cerberus, one of the world’s richest private equity firms, begging for a bailout?
When I wrote about the bailout blunders of the auto industry two weeks ago, I thought the Big Three had most likely topped out on the political outrage meter. But that was before the shady story of Cerberus, the uber-connected private equity firm that owns Chrysler, reared its three ugly heads over the weekend.
You can check out the complete article here.