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Michael Lewitt castigates Cerberus

September 04, 2009  

His latest letter from the Harch Capital Management founder is, as usual, replete with brassy market criticism.

In his latest missive, Harch Capital Management chief Michael Lewitt tears into the "Cash for clunkers" economy and makes special mention of such hedge funds as Cerberus that have been or are planning to trap investors in what he calls "The New Roach Motels."

Here's an excerpt from Lewitt's September 1 letter. The full text is available by subscription at hcmmarketletter.com .


. . . Mr. Lampert is not the only...

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