....and I haven't had a chance to source it yet -- but there is enough accuracy to allow me to post it without comment and then follow up ----- Hope you've had your morning coffee.....
The Cerberus Bailout Connection
Bush gave General Motors Corp. and Chrysler LLC up to $17.4 billion today.
Cerberus bought 80.1 percent of Chrysler from Daimler AG for $7.4 billion in 2007. Cerberus said it doesn’t have the funds necessary to bail out Chrysler.
General Motors sold a 51% stake in its GMAC finance unit to an investor group led by Cerberus Capital Management in November 2006.
On Oct. 19, 2006, John W. Snow — President Bush's second Secretary of the Treasury — was named chairman of Cerberus.
Dan Quayle is chairman of global investments for Cerberus Capital Management.
Why would George W. Bush choose to bail out two companies controlled by Cerberus Capital Management, which is controlled by folks close so to Bush ?
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