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Soured Deals Dog Brash Cerberus

Chrysler, GMAC struggles point to problems for private equity giant

By Jim O'Neill,  Newser User

Posted Feb 25, 2008 1:15 PM CST

(Newser) – The continued struggles of Chrysler and GMAC—two of Cerberus Capital Management’s largest and most recognized purchases—have observers wondering if the private equity darling has lost its Midas touch, reports Reuters. S&P has downgraded GMAC’s credit rating, Chrysler's January sales slipped...   Read full story »

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