Cerberus News
As spokesmen from Cerberus decline comment on their failed investment in GMAC, the recent bailout has them looking to the back door to slip out.
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It is agonizing to watch Congress publicly stumbling through its analysis and qualification of the auto industry, providing appearance that it is doing its homework on a bailout.
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Cerberus has announced plans to buy a majority portion of the Chrysler business from DaimlerChrysler for $7.4 billion dollars.
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