"@Maxichamp: The guy that single handedly permanently ended campaign finance reform, outspent his opponent 10-to-1 in some states, was the beneficiary of $750M in union spending, and ran in the most favorable environment to his party in 30 years was the underdog?"
"From what's being discussed, This is nothing like British Leyland or Studebaker-Packard.
GM gives 49% of GMAC to Cerberus, which gives $3 Billion plus Chrysler to GM."
"@WheatKing: I've heard that too,I also read somewhere that Cerberus would have a large equity stake in the new GM when this was all said and done as well."
"Here's the only way this makes any sense at all:
The deal is structured such that Cerberus owns a significant stake in the new company, and the new Company gets a significant cash infusion from Cerberus.
Using this new cash infusion, the new company:
1."
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