User profile: beaufort
Joined: Jan. 10, 2009
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- Cada and Moon emerge as Main Event’s final two
- Fight snapshot: Reviewing “24/7 Pacquiao/Cotto,” episode 3
- Motorcyclist dies in Summerlin crash
- Two injured in shooting in central valley
- Buchanan was one of the city’s truly flamboyant characters
- Fight snapshot: Pacquiao is a hit with Jimmy Kimmel, and vice versa
- Google Maps glitch renames Henderson
- Rebels’ win raises a few what-ifs
- Wood: Not the renewable some had in mind
- North Las Vegas man dies in single-car crash
Blogs
Sports: Upon Further Review
Fight snapshot: Arum takes a pot shot during Pacquiao training
Robin Leach's Las Vegas Celebrity Watch
Final Five have two routines each on Dancing With the Stars
The Coin Bucket
Blue Man Group at half price for locals
Elsewhere
Findlay Prep's Bradley fitting in at Texas (2 Comments)
Now and Then
I went to a hockey game and a New Mexico women's soccer match broke out (1 Comment)
Politics: The Early Line
Attention in D.C. focuses on health care proposals (1 Comment)
Elsewhere
Fedor v. Rogers delivers solid ratings on CBS (5 Comments)
Calendar »
- 10 Tue
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Jo Dee Messina at the House of Blues
House of Blues | 7 p.m. to 10 p.m.
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The Revival Tour at Beauty Bar
Beauty Bar | 9 p.m. to 11:59 p.m.
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DJ Tina T at Prive
Prive | 10 p.m. to 11:59 p.m.
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The Automatic Tour at The Square Apple
The Square Apple
The Sun
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Cerberus Capital Management is proving remarkably adept and scooping up Fed bailout money. Not only has Cerberus-controlled Chrysler LLC received a $4 billion bailout from the U.S. government but, unlike publicly owned General Motors, they are not required to tell the public how that money is being spent.
According to a recent Bloomberg article, Chrysler is only required to report its finances only to the U.S. Treasury, which has been noncommittal whether it would release any information to the public. http://www.bloomberg.com/apps/news?pid=2...
Following the $6 billion GMAC bailout, Cerberus is now preparing to return to the Federal trough with a proposal to qualify Chrysler Financial, the auto loan company that services Chrysler dealerships, for Federal money. http://ftalphaville.ft.com/blog/2009/01/...
And by the way, it Chrysler Financial is no longer owned by Chrysler LLC, but has been purchased by a division of Cerberus.
What does that suggest?
Along with the sprawling Auburn Hills Chrysler headquarters that were quietly sold to Cerberus more than a year ago, the private equity company seems to be systemically stripping Chrysler LLC of its most valuable assets---resources the company will need if it has any hopes of returning to profitability, or, more likely, being successfully sold to a foreign auto maker. As it stands today, Chrysler LLC pays rent to---you guessed it---Cerberus.
Finally, the fact that former Secretary of Treasury John Snow is involved with negotiating TARP fund disbursements with --- surprise--- the current Secretary of Treasury surely appears at the very least a mighty damn cozy affair.
http://blog.pennlive.com/leftcoast/2009/...