Oohweee... this Cerebrus/Chrysler deal is heating up and behind the scenes some no-nonsense journalists are revealing bitter and overlooked truths. I have huge respect for Jamie Kitman who says that "three ex-politicos, each fallen from grace in the political realm, are involved with Cerberus, with formerly much-ridiculed Vice President Dan Quayle helping steer the well-stocked ship. Quayle is Chairman of Cerberus' Advisory Board, and has been heavily involved with the investment firm since 2000. Additionally, former Treasury Secretary John Snow and former Defense Secretary Donald Rumsfeld are also involved in Cerberus." Good grief, would you want that trio in charge of Chrysler's fortunes?

Kitman remarks, "The man who forgot how to spell potato is chairman of Cerberus' global investments unit. Can you imagine corporate officers accountable to shareholders choosing him for an important job?" In a recent interview with Charlie Rose on PBS former Chrysler president Lee Iacocca stated clearly that the company should concentrate on building small cars because that's where the future lies, not in more heavy trucks and SUV's. I have a certain sympathy with Chrysler because its cars are part of my Canadian growing-up culture and because my first car was a 1931 model purchased for $75.00 in 1952, similar to the one seen here. Thanks to the Car Connection for this story.

[photo credit: www.autogallery.org]