Where is the sense of ownership from Cerberus? Where is the sense of responsibility to society? What ownership did Cerberus and its leaders show in 2006, when they decided that investing in Bushmaster could provide a favorable return to investors and themselves? What ownership have they shown in the past 6 years?

As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.

Autoworkers are aces with me. And so are cars. Very useful for getting around. That said, there are only two reasons to save an American car company: Nostalgia and nativism. And neither of those is a very good reason.

Chrysler LLC has slipped into a serious financial crunch just four months after Cerberus Capital Management LP swept in to save the auto maker. At a ...