Anatomy of a Coverup

Over the past 18 months the brouhaha of the market collapse has been focused on sub-prime loans like a magnifying glass focusing sunlight on worker ants. It's becoming more clear that the real offenders were the leveraged buyout firms who got drunk on derivatives and are now taking in the tarp funds through their corporate facades and hurrying them right out the back door and out of the country.

Take Cerberus for example, the group which controlled the majority shares of GMAC and Chrysler and ran both companies into the ground has serendipitously been made whole on a corporate level. Who runs the company? John Snow, former treasury secretary under Bush and Dan Quayle, former Vice President. For those that don't know, Cerberus is named after the multi-headed beast which guards the gates of hell from ancient Greek mythology.