Bill Herbert

Mr. Market Has Spoken

Bill,

Excellent article.

You're right, we have been hosed by the bankers beyond belief.

I for one would like to see the entire racket busted for good, never to return in its present form.

Aid for Chrysler: Why I'm Saying NO!

You are absolutely correct. Cerberus should see its Chrysler "investment" go to zero.

They are more of a financial parasite than anything else, in my opinion. John Snow goes on TV and acts like some sort of avuncular financial guru - in reality, he was and is far from that.

He was a lousy T-Sec and as far as I can tell, his job at Cerb is to "snow" the public and engage in the nefarious and corrupt game of lobbying for government money to bail out the bad investments of his firm - some of which he may have given a thumbs up to himself, assuming he was even asked to help evaluate the deal.

I doubt that Cerberus would offer to share some of the spoils of "successful" deals on which they pocketed hundreds of millions (even as some of the target companies were left in shambles) but they sure are quick to ask for help when they screw up royally, as with the old clunker Chrysler.