Bailing out Chrysler or do I mean Cerberus?

Yesterday Cerberus generously (LOL) said that they would forgo any profit made on their Chrysler investment if they received bailout money from the federal government click here.

At first blush, it looks like Cerberus is doing their part and offering to forgo any profit if recognized from the sale of Chrysler. This is laughable considering that Cerberus's $7.4 billion in Chrysler is in no danger of making a profit. Becoming worthless in bankruptcy reorganization yes but a profit? Not a chance in this lifetime. This is just another attempt by the super smart and conniving Steve Feinberg to try to change the political winds in his favor.

Cerberus's investment will be zero in a reorganization and he knows that. If our politicians fall for something this transparent we are all doomed!

Fill out the form below and have your voice heard!

Happy With Congress?

Are you happy with the job that your Congressmen are doing?
Do You support the bailout of the big 3 auto manufactures?
Do you support bailing out the billionaire hedge fund investors like Cerberus?
Do you think America is on a path to socialism?

Give us your feedback and we will contact your Congressional representatives for you?