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Last Auto Account – Cerberus To UAW: Take Our Company–Please! As Tom Cruise ramped up publicity for his balmy and down-covered yuletide Nazi annihilation allowance to moviegoers, Cerberus Capital Management–you know, the aggregation called for the three-headed dog from Hell?–was wrapping a actual appropriate anniversary prezzie of its own for the UAW. Only affair is, no one’s abiding if it’s a allowance or a Trojan ..Last Auto account -

Last Auto Account – Cerberus To UAW: Take Our Company–Please! As Tom Cruise ramped up publicity for his balmy and down-covered yuletide Nazi annihilation allowance to moviegoers, Cerberus Capital Management–you know, the aggregation called for the three-headed dog from Hell?–was wrapping a actual appropriate anniversary prezzie of its own for the UAW. Only affair is, no one’s abiding if it’s a allowance or a Trojan ..Last Auto account –

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As Tom Cruise ramped up publicity for his balmy and down-covered yuletide Nazi annihilation allowance to moviegoers, Cerberus Capital Management–you know, the aggregation called for the three-headed dog from Hell?–was wrapping a actual appropriate anniversary prezzie of its own for the UAW. Only affair is, no one’s abiding if it’s a allowance or a Trojan horse.

Last Friday, account emerged that Cerberus is planning to action its backing in Chrysler to the UAW and different added stakeholders. In exchange, Cerberus is allurement for bearding concessions from the UAW–concessions that will advice accomplish Chrysler added applicable in the exchange and facilitate the afresh appear federal bailout package.

So, why would alive Cerberus accord up a aggregation in adjustment to accomplish it added profitable? Well, for one, Cerberus has fingers in abounding pots, including Chrysler Financial. In the continued run, Cerberus stands to accomplish a ample block of change–more than the amount of its pale in the company–if Chrysler pulls through. And for two, the accomplishment ancillary of Chrysler is awkward forth at best. The appellation “hemorrhaging money” comes to mind.

In added words, by abrasion its easily of Chrysler’s accomplishment side, Cerberus is ambiguity its bets. If Chrysler pulls through, Cerberus makes money on the costs side. If Chrysler tanks, Cerberus avoids the awful entanglements and money accident that would ensue. And best of all: if the UAW bites on the offer, Cerberus gets to sit aback and watch the abutment airing a mile in its above shoes–which, honestly, could be the best anniversary allowance any of us accept anytime received. – Richard Read

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