Taxpayer Money could be used to Bailout Private Equity

The “big three”, or more fitting the “little three”, are not created equal.  Chrysler is owned by the huge private equity firm Cerberus Capital chaired by former treasury secretary John Snow.  Cerberus has been reluctant to loan the money to Chrysler that would allow the company to “restructure” or even continue their cash burning operations.  However, the idea of taxpayers loaning money to Chrysler is something that would be ideal for Cerberus.  So let me get this straight, loaning money to Chrysler is too risky for Cerberus, but they would like us taxpayers to put up the cash and believe they have a viable plan to profitability?  The private equity firm has gone as far as stating that they would support a merger with GM where they would forego a profit.  GM and Ford have lost over 90% of their value from their highs, yet Cerberus is willing to take one for the team and break even, gee thanks guys!