Comments on: The WonkLine: April 21, 2009 http://wonkroom.thinkprogress.org/2009/04/21/wonk-042109/ Mon, 23 Nov 2009 20:29:34 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: stateofthedivision http://wonkroom.thinkprogress.org/2009/04/21/wonk-042109/comment-page-1/#comment-152610 stateofthedivision Tue, 21 Apr 2009 14:37:56 +0000 http://wonkroom.thinkprogress.org/2009/04/21/wonk-042109/#comment-152610 <em>Chrysler Financial turned away a $750 million government loan “because executives didn’t want to abide by new federal limits on pay.”</em> Horse hockey! Cerberus owns 80.1 percent of Chrysler and Chrysler Financial. Affiliates typically pay their private equity owners an annual management fee. Cerberus turned down the loan for another reason. The media didn't ask the right question or the private equity underwriter (PEU) was mum. Chrysler Financial turned away a $750 million government loan “because executives didn’t want to abide by new federal limits on pay.”

Horse hockey!

Cerberus owns 80.1 percent of Chrysler and Chrysler Financial. Affiliates typically pay their private equity owners an annual management fee.

Cerberus turned down the loan for another reason. The media didn’t ask the right question or the private equity underwriter (PEU) was mum.

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