General Discussion

NJCher

(43,076 posts)

26. my mechanic

Sun May 4, 2014, 10:34 AM

May 2014

told me how Cerberus almost did Chrysler in.

Mechanics see things from a different point of view that most of us can. They see the management reflected in the engineering and how the car was built--and thus the repairs. Because of the planning and execution of such plans, it isn't reflected immediately, but a mechanic who has worked in the business for a long time will be able to tell you things like that.

Cher

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Dan Quayle ruins World Airways and loots it. [View all] RandySF May 2014 OP

They dropped it like a hot potatoe Blue Owl May 2014 #1

DUZY!! 2naSalit May 2014 #4

!! KansDem May 2014 #43

I suspect Danny's not actually the brains of the operation there. Gidney N Cloyd May 2014 #2

I suspect Danny's not the brains behind any operation. mountain grammy May 2014 #14

I despise private equity firms like Cerberus Cirque du So-What May 2014 #3

Mittens was 2naSalit May 2014 #5

No, it's nothing so neat. It's worse... JHB May 2014 #35

More ''change'' we can believe in? DeSwiss May 2014 #6

that's a joke I hope BlancheSplanchnik May 2014 #13

Blanche! DeSwiss May 2014 #17

ok then. :P BlancheSplanchnik May 2014 #18

If these private equity firms filled the niche'...... DeSwiss May 2014 #19

that's an excellent explanation. thanks!! BlancheSplanchnik May 2014 #20

Can you or anyone here explain how the equity company loads the rhett o rick May 2014 #24

one way is to use KT2000 May 2014 #30

I wonder if they can borrow with the retirement benefits as collateral. Thanks. nm rhett o rick May 2014 #37

good question because KT2000 May 2014 #41

Structuring buy-outs so the company is on he hook, paying big dividends to investors, buying... JHB May 2014 #38

Thanks for that. nm rhett o rick May 2014 #40

Since capitalism = money = debt....... DeSwiss May 2014 #50

Cerberus also owns Dyncorp -- and about half the gun manufacturers starroute May 2014 #7

Fuck them ALL BrotherIvan May 2014 #9

That's the Spirit! oldhippie May 2014 #29

Have you joined the bitter club too? BrotherIvan May 2014 #32

Mercenaries-R-Us DeSwiss May 2014 #51

"hellhound" They_Live May 2014 #8

How... 3catwoman3 May 2014 #46

This thievery needs to end. Ilsa May 2014 #10

Thank every god in the book that Mitt Romney did not become president. Initech May 2014 #42

greed capitalism at it's best for the profiteers heaven05 May 2014 #11

Mobsters. Not "like" mobsters; mobsters. WinkyDink May 2014 #12

Savvy businessman. We shouldn't begrudge their success. MannyGoldstein May 2014 #15

Thank you, TWM. We must control our jealousy. Enthusiast May 2014 #34

Criminal. SoapBox May 2014 #16

Oh they must be so proud of themselves hurting others to be filthy rich. n/t freshwest May 2014 #21

Private equity firms = vulture capitalists. Initech May 2014 #22

It's their sociopathic capitalistic mind sets. nm rhett o rick May 2014 #25

Private equity firms = vulture capitalists. The CCC May 2014 #36

Welcome to DU, The CCC! calimary May 2014 #48

Vultures at least perform a service catchnrelease May 2014 #52

I agree that "Vampire capitalism" better describes what they actually do. AdHocSolver May 2014 #54

Behind every great fortune is an even greater crime. nt MrScorpio May 2014 #23

my mechanic NJCher May 2014 #26

it's the republican way. barbtries May 2014 #27

Bill Clinton defended private equity groups recently. Enthusiast May 2014 #33

first lien holder, Cerberus, has swept the bank accounts Babel_17 May 2014 #28

Dan Quayle? Imagine that. Enthusiast May 2014 #31

This is no big surprise, is it? penndragon69 May 2014 #39

Excellent position of Dan Q randr May 2014 #44

I heard he mispelled it as loote. kairos12 May 2014 #45

If I misspell... 3catwoman3 May 2014 #47

This message was self-deleted by its author santamargarita May 2014 #49

good work Dan, you were worthless back in the day and worthless now...... BlueJac May 2014 #53