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Monday, May 14, 2007

Chrysler sells for 7 billion and change, Gekko gets ready to liquidate the hangers.

In a move that current chairman Dr. Z says is in the “best interest of the workers,” DaimlerChrysler agreed to sell the company for $7.4 to private equity firm Cerberus Capital Management. (Cuz you just know hedge fund managers know how to make cars.) Guess over-powered nitro spots are no match for a bloated pension fund. And speaking of greed, yes, there is a Wall Street sequel in the works.

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