1 posted on
11/01/2009 1:59:46 PM PST by
Chet 99
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To: Chet 99
Small businesses...generating approx 70% of job growth in a normal (non-0bambi) economy and major CIT clients will take another hit.
Expect an up-tick in unemployment figures.
29 posted on
11/01/2009 2:33:43 PM PST by
spokeshave
(Obama can't unjump the shark "Obama Wa Nobel-sho Ni Ataeshinai" ("Obama Unworthy of Nobel Prize"))
To: Chet 99
How's the bail-out working for ya, CIT Group?? The Zero sure saved ya .. didn't he?
Just the first of many...
33 posted on
11/01/2009 2:45:31 PM PST by
Lurking in Kansas
(Never argue with an idiot. They drag you down their level, then beat you with experience.)
To: Chet 99
Ka ching...the people s*****d out of $2.3 billion, the bankers made out like bandits...and the Obama/Geithner team should go to jail for this.
And don’t say Bush...this was the doing of Bernanke/Geithner very conveniently in an election year for the Obama team.
34 posted on
11/01/2009 2:54:31 PM PST by
RowdyFFC
(The opinion of a wise Welshtino woman...)
To: Chet 99
The weather vane doth point in the direction the wind blows.
36 posted on
11/01/2009 3:06:31 PM PST by
editor-surveyor
(The beginning of the O'Bomb-a administration looks a lot like the end of the Nixon administration)
To: rockrr
38 posted on
11/01/2009 3:11:29 PM PST by
editor-surveyor
(The beginning of the O'Bomb-a administration looks a lot like the end of the Nixon administration)
To: Chet 99
Yeah, but just think how much worse it would have been if they had not received any bailout money.
They may have gone bankrupt or something.
This is much better than expected.
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. Obama is thumbs up and giddy in the Oval Office.
41 posted on
11/01/2009 3:13:20 PM PST by
EGPWS
(Trust in God, question everyone else)
To: Chet 99
What a waste. They coulda bailed me out for 1/1000th of that, but I guess it wouldn’t help if the dollar is soon worthless anyway...
42 posted on
11/01/2009 3:14:12 PM PST by
GnuHere
To: Chet 99
Anyone see Giethner this morning on Meet the Press? When asked if he would like to see AIG prosper after they pay back the TARP money, he said he didn’t care if they do or not. I thought we bailed them out because they were too big to fail.
44 posted on
11/01/2009 3:14:29 PM PST by
optiguy
(Government does not solve problems; it subsidizes them.----- Ronald Reagan)
To: Chet 99
Lending to this entity at that time represents malfeasance, at best. Using taxpayer funds seems criminal to me.
Someone needs to stop tarp or stimulus funds from going to entities that more than likely will file BK within a few months.
We are so screwed.
50 posted on
11/01/2009 3:23:50 PM PST by
unique
To: Chet 99
Good grief, how stimulating.
What I want to know are who are the inside players at CIT and their ties to the Obama regime. I suggest there will be a handful of big donors and close friends of Bernake and Gietner.
52 posted on
11/01/2009 3:25:38 PM PST by
CincyRichieRich
(Keep your head up and keep moving forward!)
To: Chet 99
And I can remember conservative radio talk show hosts defending TARP stating the taxpayers would get their money back. No I won't name names (unless I could find the transcript, but he is on TRN).
55 posted on
11/01/2009 3:28:50 PM PST by
Cheerio
(Barack Hussein 0bama=The Complete Destruction of American Capitalism)
To: Chet 99
This is NOT Citigroup. This is CIT Group, a commercial lender.
70 posted on
11/01/2009 4:18:52 PM PST by
B Knotts
(Calvin Coolidge Republican)
To: Chet 99
84 posted on
11/01/2009 5:14:58 PM PST by
glock rocks
(Wait, what?)
To: Chet 99
Is this the same as “C” on the NY Stock Exchange, or one of their “sister” companies
89 posted on
11/01/2009 5:58:24 PM PST by
SideoutFred
(B.O. Stinks...it really does)
To: Chet 99
Billions of dollars down a rat hole? How many years will it take for all of us to pay off that debt? Money CIT blew through in months?
93 posted on
11/01/2009 7:03:18 PM PST by
GOPJ
(When I was a child Halloween wasn't a celebration of evil - but a celebration of standing up to evil)
To: Chet 99
Stock Futures as of 9:42PM DJIA INDEX 9,702.00 +38.00
S&P 500 1,037.30 +4.30
NASDAQ 100 1,668.25 +2.75
95 posted on
11/01/2009 7:12:02 PM PST by
ExSES
(the "bottom-line")
To: wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; ...
*Bush-Paulson-Obama-McCain legacy ping!*
100 posted on
11/01/2009 9:25:13 PM PST by
rabscuttle385
(http://restoretheconstitution.ning.com/)
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