Bailout Watch 400: These People Own Chrysler (Amongst Others)

by Robert Farago

February 17th, 2009 5:01 PM

bailout watch 400 these people own chrysler amongst others

The following institutional investors bought into Cerberus Institutional Partners IV (CIP4). That’s the $1b – $1.5b Cerberus-controlled fund established to provide part of the initial $7.2b payment to Daimler for Chrysler. Obviously, this list is far from complete. We call on our elected representatives to require Cerberus to provide a full and complete accounting of all participants in this fund before U.S. taxpayers extend Chrysler any more federal loans.

LA Police & Fire Pension

Public teachers of PA (PSERB) – $200m

PA state retirement workers [SERS] – $75m

NY Common Retirement Fund – $50m

Charles Schwab Institutional

Univ of CA – $40m

Univ of Tex – $25m

Idaho state employees – $40m

Allstate

Glenmede Trust Co. (PA)

Franklin Templeton Investments

[thanks to Full Deck Analytics for the help]

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4 of 17 comments

Mtypex on Feb 17, 2009

Idaho needs to drop this hot potato. I made a funny. Anyway, I thought they were smarter out there.

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Mel23 on Feb 17, 2009
Most of the “stimulus” package just signed into law by Pres. Obama increases the federal wage roll. Considering the enormous political contributions given by public employee unions to the party now in power we can expect the political power of public employee unions to grow yet even more. Would you have any factual references to support these two contentions? Like how many fed. employees will be added due to the stimulus? And what was the public employee contribution to the Democratic party?

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BDB on Feb 17, 2009

It'd be much better to lay off millions of federal employees in a time of record unemployment so they want have any money left to spend into the economy. Wait, what? No, that'd be monumentally stupid.

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RangerM on Feb 18, 2009
Qwerty : February 17th, 2009 at 4:20 pm .......the bailouts are a liberal conspiracy to convert the country to [s]communism[/s] fascism. Fixed it for you. Fascism: Government control of private enterprise. Which is exactly what is happening.

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