Quote:
Originally Posted by zete
One thing I've been thinking of is that if GMAC gets assistance through that $700B won't the feds own a chunk of GMAC and won't, in the end, GM again be the largest shareholder. I think this is probably causing some consternation at Cerberus. To get the money they have to give up control of GMAC. But they need control of GMAC to get GM to buy Chrysler.
Tomorrow is going to be interesting.
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Cerebus would suck up any "Bail Out Aid" from the federal bail out. Controling 51% of GMAC. Cerebus would own 35%, Feds would own 34% GM would own 31%.