I'm trying to make sense of the Cerberus takeover of Chrysler. The private equity firm is getting Daimler only $1.3 billion not much of a return for the original $36 billion that Daimler paid for Chrysler. The restive Cerberus $7.4 billion goes to a $5 billion investment in Chrysler and $1.05 billion for the financial arm. I do not understand this $1.05 billion since its lending arm is already quite profitable. Finally, pension funds are investing in Cerberus, as a company that will no doubt damage the existing pensions of Chrysler workers.
-- Michael Perelman ^^^^^^^ CB; Maybe there is an interlocking directorate between Cerberus and Daimler( Chrysler ?) You described a while ago how another private equity firm stripped a company sort of "in broad daylight". This sounds similar. We need a steep tax on hedge funds and private equity funds, like 90% of "profits". That last word will have to be chosen carefully. Probably have to use ten words. Interest, fees , penalties, securities, securitized loans, debts,debintures, stock, bonds,rent, monies, money, capital, profits, commercial paper, revenues,hedge fund revenues, you get the picture
