That's One Small Step for Obama, One Giant Leap for Socialism

TREASURY TO STRIP CERBERUS OF STAKE IN CHRYSLER

"Cerberus Capital Management is expected to be an early casualty of the Treasury's rescue of the hobbled automaker, as the buyout firm will lose its 80 percent equity stake in Chrysler, The Wall Street Journal reported, citing people familiar with the matter.

According to the article, which cites an unnamed Obama administration official, Cerberus' equity stake in Chrysler is now worthless, effectively ending its ownership of the car company." [link]

Just as easy as that, the Obama administration takes away ownership of a private firm and is now the controlling interest of a private sector company. That is socialism folks, when the government runs everything. The means of production is centrally (governmental) controlled. What or who is next?