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Cerberus has capital, and Chrysler is not a public company. If Chrysler needs capital, it should come from Cerberus, not from US taxpayers.
Dec 24 16:35 pm
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All Comments by User 283977 »Cramer's Mad Money - Is Cerberus a Hero or a Dog (12/23/08) [View article]
The Wall Street Journal is one of the primary mouth pieces for the big moneyed investment firms. Their praise of Cerberus for "risking its capital" to buy Chrysler clearly demonstrates their biased perspective. They make it sound like Cerberus "rescued" Chrysler because they are great guys and therefore deserve access to taxpayers money. However, you can be sure that Cerberus acted in its own self interests in the matter. They made a quick short-term profit, but now they face the long-term consequences of their bad deal.
Chrysler is owned by Cerberus. Therefore, tax payer money would be going to Cerberus. I don't believe Cerberus is qualified to receive tax payer money… These greedy dogs are just scratching at the door for handouts…