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Cerberus Indigestion with GMAC’s ResCap

Started by morganb · 6 months ago

BusinessWeek highlights the ills that mega-hedge fund Cerberus has faced with its poorly-timed investments in GMAC’s ResCap and Chrysler.  Cerberus, which just pulled out of a deal to buy H&R Block’s Option One mortgage unit, invested heavily in ResCap and wa ... Continue reading »

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