1 posted on
11/01/2009 1:59:46 PM PST by
Chet 99
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To: Chet 99; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ..
2 posted on
11/01/2009 2:02:11 PM PST by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Chet 99
blew through 2.3 billion.. and STILL went out of business!
Thanks Government!
/sarc
3 posted on
11/01/2009 2:02:16 PM PST by
TexasFreeper2009
(Obama lied, the economy died)
To: Chet 99
for 2.3 billion, I could turn my entire downtown into a paradise!
Sigh.
4 posted on
11/01/2009 2:03:24 PM PST by
TexasFreeper2009
(Obama lied, the economy died)
To: Chet 99
It will be interesting to see what the stock market will do with this news come Monday morning. Barry’s so called recovery is taking another big hit.
To: Chet 99
6 posted on
11/01/2009 2:04:21 PM PST by
kcvl
To: Chet 99
wonder how open interest on nov and dec options is. gm gave a big sqeeze trade on same.
To: Chet 99
This is a bad noise for small business.
Watch for a huge spike in small business bankruptcy.
8 posted on
11/01/2009 2:04:31 PM PST by
OpusatFR
(Tagline not State Approved.)
To: Chet 99
CIT received $2.3 billion in government aid
Wouldn't you just love to know where all that went?
Follow the Obama money.
9 posted on
11/01/2009 2:05:12 PM PST by
Don Corleone
("Oil the gun..eat the cannolis. Take it to the Mattress.")
To: Chet 99
I will file for bankruptcy for 5 million . Tell your congressman to let me help .
10 posted on
11/01/2009 2:05:38 PM PST by
kbennkc
(For those who have fought for it freedom has a flavor the protected will never know F/8 Cav)
To: Chet 99
This is a bad noise for small business.
Watch for a huge spike in small business bankruptcy.
12 posted on
11/01/2009 2:06:55 PM PST by
OpusatFR
(Tagline not State Approved.)
To: Chet 99
The market will go UP tomorrow as a result.
13 posted on
11/01/2009 2:07:08 PM PST by
WellyP
To: Chet 99
This really sucks. Credit will be even harder to get for many wholesalers and other medium sized companies. They all rely on CIT style financing to maintain inventory.
GE will probably get the best customers, the rest get to go suck eggs. Local banks sure can’t help.
15 posted on
11/01/2009 2:08:49 PM PST by
A.Hun
(Common sense is no longer common.)
To: Chet 99
More evidence that the Commie-Socialist Bank & Wall Street Bailout was a disaster.
16 posted on
11/01/2009 2:09:48 PM PST by
trumandogz
(The Democrats are driving us to Socialism at 100 MPH -The GOP is driving us to Socialism at 97.5 MPH)
To: Chet 99; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; Roy Tucker; GOPJ; ...
17 posted on
11/01/2009 2:10:07 PM PST by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: Chet 99
Didn't GM also just show up at the door last week asking for another $10 billion or so? When does this insanity stop?
The taxpayers long ago ran out of money, so I suppose the only thing left to pawn is our pride - or maybe China will simply agree to take our entire country in trade? At least then somebody will get to drill our oil!
19 posted on
11/01/2009 2:13:49 PM PST by
Gritty
(The simple truth is that government debt is our debt - Peter Schiff)
To: Chet 99
20 posted on
11/01/2009 2:14:56 PM PST by
parsifal
(Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
To: Chet 99
This was a small business bank. This is not good news at all. Obamay let this one fail, but others not. This is really, really, bad.
21 posted on
11/01/2009 2:16:28 PM PST by
lookout88
(.combat rescue officer's dad,)
To: Chet 99
Check out the futures at
Bloomberg.com here. I'm not familiar with how futures work, so I'll ask if this is as bad as I think it is?
22 posted on
11/01/2009 2:18:00 PM PST by
TwelveOfTwenty
(Hey Nancy, how many jobs have been lost since you and the Democrats took Congress?)
To: Chet 99
Anyone hear about Barney Franks proposal to give the executive branch carte blanche to bailout whoever is ‘too big to fail’ without going through the legislature?
To: Chet 99
The filing, made in a Manhattan federal court, will still mean much pain for many parties, beginning with taxpayers. CIT received $2.3 billion in government aid last year, a bailout that came in the form of preferred stock. That will almost certainly be wiped out in the bankruptcy process, the first realized loss in the governments rescue of the financial system. I expect a lot of other TARP gifts from taxpayers to big money political donors to disappear the same way. This may be the first loss "realized" on the books, but sensible people realized a year ago that most of the money flushed down the TARP toilet was gone.
28 posted on
11/01/2009 2:29:20 PM PST by
TurtleUp
([...Insert today's quote from Community-Organizer-in-Chief...] - Obama, YOU LIE!)
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