msoori

Cramer's Mad Money - Is Cerberus a Hero or a Dog (12/23/08)

Cerberus is named for the mythological three-headed dog, and is certainly a dog, and it shows. Recently CNN ran a story about closing of the Mervyn's dept stores in CA, where Cerberus has played a shameful role in it. Not only that, Cerberus hired the CEO that Home Depot fired www.msnbc.msn.com/id/1.../ for poor performance. Cerberus certainly got into this mess themselves. Its a shame that tax payer money is being to bail out a shameful company like this.