Here’s a pic from the celebration in 2007 when Cerberus bought Chrysler. Banners proclaiming the same sentiment were hung throughout the headquarters at the time. Despite the exhortation, many of us figured that Cerberus would chop up the company and sell the parts. None of the scenarios we envisioned though included a takeover by the Feds and TARP banks at the expense of other secured lenders. Amazing and tragic.