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CIT Files for Bankruptcy (received 2.3 billion in bailout money)
NYT ^
Posted on 11/01/2009 1:59:46 PM PST by Chet 99
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1
posted on
11/01/2009 1:59:46 PM PST
by
Chet 99
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: OpusatFR
Any impact to small business will be nominal....CIT hasn’t been lending for a while....
11
posted on
11/01/2009 2:06:23 PM PST
by
nevergore
("It could be that the purpose of my life is simply to serve as a warning to others.")
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: Parley Baer
CIT going bankrupt has been a known quantity for a while, or at least highly probable. the details are what has been being worked out.
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: All
I can only hope that the top executives at that company suffer great personal financial loss.
I’m sure they’re parachutes are packed, but I hope they feel alot of pain, after raising CC rates to 27 percent.
Immoral userers.
18
posted on
11/01/2009 2:13:27 PM PST
by
rbmillerjr
(It's us against them...the Establishment RINOs vs rank and file...Sarah Palin or bust)
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)
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