How to lose 7.4 Billion in two years and 6 other fun facts

Fun Fact #1
http://www.cerberuscapital.com/news_press_release_07132007.html
Buy a US automaker at the top of a market.

Fun Fact #2
They are also a secured Bondholder, who will take a major loss of somewhere around .50 - .70 on the dollar.

Fun Fact #3
http://dealbook.blogs.nytimes.com/2009/04/30/a-roadmap-to-a-chrysler-bankruptcy/
The people of broke the government deal will likely drag out the bankruptcy costing more money from the government in DIP financing then proposed or in a worse case force liquidation. Since the are in the front of the line it will get ugly.

Fun Fact #5
http://money.cnn.com/2009/04/30/autos/chrysler_dead_or_alive.fortune/index.htm?section=magazines_fortune
One of the worlds weakest automakers is taking over.

Fun Fact #6
The unions will be in charge, which in the past has almost never worked out as the cut themselves sweetheart deals.