To: Daisyjane69
The part that kills me is it looks like a German firm pulled Zero’s bacon out of the fire. No, it looks like they screwed over Obama's plans. CIT was a competitor to GE, so the administration likely wanted to see them die.
6 posted on
07/20/2009 1:12:35 AM PDT by
thecabal
(Hey Obama, when you gonna start sharin' the sacrifice?)
To: thecabal
I did not know that. Thanks for the tip!
In any event, yes CIT has reached some sort of deal. They are characterizing it as a 3 bil deal with bondholders, including Pimco. Last time they mentioned Germany, so perhaps some of the bondholders are German. We’ll have to wait and see.
7 posted on
07/20/2009 1:18:36 AM PDT by
Daisyjane69
(Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
To: thecabal
Obama is the most anti business president ever and would just as well deep six GE but for the fact that GE owns that useful idiot NBC.
Hating business is a family matter. Remember Michelle's comments about spurning the private sector for the higher calling of "public service".
11 posted on
07/20/2009 1:58:21 AM PDT by
monocle
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