Mister Jimmy

GM: Buyout Better than Bailout

Where have you been, Rob? Cerberus is a private equity firm. They bought Chrysler and then realized how incredibly challenging it is to design and build product, satisfy legacy obligations and deal with Federal emission and CAFE mandates and the UAW. It seems that all those New York MBA's really know how to do is churn worthless financial instruments. They've proven they can't run a car company.