Steering Chrysler (FT.com via Yahoo! News)

Two times zero is zero, which leaves a lot of people scratching their heads about the acquisition of Chrysler, the troubled US carmaker, by Cerberus, the private equity group. Buy-out groups often double the return on equity of companies they acquire simply by loading on more debt. In this case, Cerberus has nothing to double because Chrysler is losing money.

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