Don't Panic! CIT Group - what it really means!

July 26, 2009 - recorded 14:30 EDT

Dodd Says U.S. Shouldnt Rule Out Helping CIT Avoid Bankruptcy:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3RtrfKlJpnA

CIT Reworks Tender to Punish Late Exchange of Notes:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMXdF5H5SlhU

CIT ripple effect squeezes small businesses, retailers:
http://tinyurl.com/ldjbcp

Retailers hit by CIT fallout:
http://www.crainsnewyork.com/article/20090726/SMALLBIZ/307269986

Someone asked about the 'punitive interest rates' Goldman Sachs and JPMorgan are charging... here's the link:
CIT Hit With Interest Rate More Than 25 Times Libor:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aiJwhWb4QleU


Peace and Love

Category:

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Tags:

• FeverIAm
• CIT
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• Suppliers
• The truth
• The Greater Depression
• Economic Collapse
• philosophy
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[centervilletn]

i wonder if the new rules regarding etf' are related to cits pending collapse

[FeverIAm]

It is much more likely that the big ETF players have been using naked shorts to generate the gains that ppl are gaining from. SEC says no more naked shorts, and all the double short ETFs are closed!!!

[SendinK9]

As soon as everyone realizes this is an "engineered" collapse then the sooner it will be that much easier to understand. Funny how the Gov bailout thier good old boys on Wall St but when it comes to something that is going to directly effect the middle class it is allowed to go bankrupt and the Gov could care less. People also have to realize we now have a Gov that is pushing socialism, socialist need to get rid of the middle class so they can succeed with that agenda. REVOLUTION will fix it!

[fal2grace]

Thanks Mike. I've come to the conclusion that with $27 trillion in debt, the US is bankrupt so all the talk about specific problems doesn't even really matter.

[sott81]

i hope the cit group don´t go down!

i have buy a lot of 55.000 pieces.

[edschaeffer]

Fever, in light of the events that has occurred since this video... They got two exchange offers to go through.. think they''ll get the third?

[mikeybrumbrum]

Yep !

[redcolt2]

And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.

And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

[FlamingoKicker]

Obama couldn't have been happier that everything went in the crapper during the election. How else can someone with nothing but a message that things must "change" if people are content and happy and working? I wouldn't be suprised if Obama was behind causing the collapse? Isn't one of his advisors the former head of Freddie Mac? Would you hire someone as an advisor who bankrupted his previous agency?

[mikeybrumbrum]

yep, thats how i "woke up", too.

I just thought - Wow ! someone has been shafting me, while I was wasting my youth, aimlessly.

Hmmmm !

[centervilletn]

then i realize that i havent spent a lifetime figuring out how to screw people over...they are professionals...

[centervilletn]

i feel like im playing chess and im 7 moves behind...