Weblog of Miss-Lou Motor Mafia

December 12, 2008

Shady Dealings…

Filed under: Things that Piss Me Off! — Tags: — blasterhappy @ 7:07 am

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.


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