carat M isn't this symbol ^ that you think, it can only be produced by typing "Ctrl-v, Ctrl-m". That you might see in text files saved from Windows.
tofrodos is the package that has dos2unix which is basically the same scripts that replace ^M with /n
tofrodos is the Debian/Buntu package name which has the dos2unix and unix2dos binaries........
From a LiveCD or if you're doing something like converting your non-RAID install to mdadm here's how you would chroot properly (you have to mount your proc, sys and dev on the running system/LiveCD to your chroot environment if you want things to work right, especially if you need to run update-initramfs due to a driver change etc..)
*replace "path" with your mount/chroot path
mount -o bind /proc /mnt/path/proc
mount -o bind /dev/ mnt/pa........