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Cerberus Agrees To Give Up 80% Stake In Chrysler

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For Stephen A. Feinberg, the long road back from the most disastrous investment of his career -- Chrysler L.L.C. -- began last week around a polished wood table inside the Treasury Department.

It was not the road he had envisioned when his private investment firm, Cerberus Capital Management, bought Chrysler in the summer of 2007.

Read the whole story at New York Times

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