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Subject What you don't know about the auto-bailout proposal/Cerberus owns Chrysler...and gun co's and a Japaneese bank that LEHMAN BROS covered
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Original Message I don't want to hijack another thread....so I thought I'd post on this one....

Senator Tom Coburn (Oklahoma) was interviewed on CNN this morning and was very telling......

who really owns Chrysler?....and they have 25billion in assets, and won't invest in their own company......

On May 14, 2007 DaimlerChrysler AG announced the sale of 80.1% of Chrysler Group to American private equity firm Cerberus Capital Management, L.P., although Daimler continues to hold a 19.9% stake. This was when the company took on its current name. The deal was finalized on August 3, 2007.

On August 6, 2007, after the announcement of the spin-off to Cerberus, the Chrysler LLC, or "The New Chrysler", unveiled a new company logo and launched its new website with a variation of the previously used Pentastar logo. Robert Nardelli also became Chairman and CEO of Chrysler under the ownership of Cerberus.

On October 23, 2008, Daimler announced that its stake in Chrysler had a book value of zero dollars after write offs and charges.

Who is Cerberus Capital management?
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