Yo Bob

A Fed About-Face on GMAC?

Those 59% who voluntarily tendered are looking pretty stupid right now - best to be a hold-out in any "too big too fail" company that the gov't views to be critical. The PIMCOs and others who held out are now financially ahead.

So any chance that the gov't would require Cerberus to contribute, at least some some, to the bailout? notta.