Wednesday, November 26, 2008

Cerberus Cries Foul

Poor, poor, three-headed doggy company. Apparently, they thought they were buying ribeye, but now claim they were sold scrapple. It's not that they overpaid; they were misled. Yep, that's what Cerberus is alleging was done to them by Daimler. Gee, given everyone and their brother was doing private equity deals until so very recently, why didn't every deal end up profitable? Could it be Daimler actually knows something about the car bidness, notwithstanding their purchase of Chrysler in the first place?

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