That’s a fascinating business model statement
............”Our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen, teachers, policemen and other municipal workers and unions.”....................
Cerberus was the prime financial investor in Chrysler Corp. before it recapitalized thru the government TARP program. It must have taken a huge hit on its equity investment as the stock got wiped out, but like GM, the unions made out like bandits setting new and illegal creditor priorities of bankruptcy laws.
Since Cerberus is in business to suck on the union’s teat, I wonder how much of the Chrysler UAW unions windfall payoff found its way back into the depleted pockets of Cerberus??
Inquiring minds are wondering about the potential size of the vig!
Well said. From the left,...
Freedom Group, a gunmaker ripe for an ethical takeover
http://www.cnn.com/2012/12/27/opinion/macintosh-gun-firm-takeover/