BUSINESS
01/08/2009 05:12 am ET | Updated May 25, 2011

Chrysler's Bid For Loans Opposed By Congressman

Chrysler LLC's bid to get emergency loans from the federal government ran into opposition last week when congressmen asked why the private-equity group that controls the auto maker doesn't put up some money itself.

Now at least one congressman is raising objections because of another deal by Cerberus Capital Management LP that led to the loss of American jobs.

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