Saturday, December 27, 2008

Who Is Cerberus?

Cerberus is a group of institutional investors headed by Steve Feinberg. Steve Feinberg seems to be kind of weird, and appears to be a life-long recluse. His Wikipedia page was probably written by himself. He refuses to be photographed, but was forced to after he walked away from a signed contract with United Rentals, and had to testify in court. Feinberg attended ROTC in college but did not serve in the armed forces.

Bush’s Treasury Secretary, John Snow, is the Chairman of Cerberus. Cerberus is a Greek word for a multi-headed dog that guards the gates of hell. What kind of mind would choose to name his company Cerberus?

Dan Quayle, H.W.’s, vice president, runs a division of Cerberus and Donald Rumsfeld is a Client. Cerberus owns 51% of GMAC, which recently qualified as a bank and is receiving TARP funding. Cerberus owns Chrysler, which just got billions of taxpayer dollars.

Cerberus is busy shuttering paper mills in Wisconsin.

Brick Oven does not trust Steve Feinberg, or his corporation. We call for strict tracking of all government funding that has been allocated to companies owned by Cerberus. Chrysler, being a privately-held company does not have the financial reporting requirements as GM or Ford. This smells bad.

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