Chrysler doesn't need a bailout

Cereberus’ $2 billion stake in Chrysler represents only about 7% of its assets. That means that it has tens of billions of dollars at its disposal to engineer its own private bailout of Chrysler. Out of Control explains why it doesn't. . . "Chrysler’s management is clueless; its unions are suicidal; and the auto market for the foreseeable future is in a deep freeze. The idea that Chrysler could make a comeback under such circumstances – when it couldn’t do so during a booming economy -- would represent more than an SUV-full of triumph of hope over reality."