The Chapter 11 bankruptcy filing for CIT Group was not unexpected. The lender to thousands of small and mid-sized businesses has been struggling for months to avoid collapse. (Nov. 2)
Private banks should be shut down anyway. As long as the money is the hand of people who look at money as a good, artificial scarcity will come along from time to time. This is entirely unecessary and nothing else than a legal robbery.
If the taxpayers are going to bailout these financial institutions.Then these financial institutions (firms) can not foreclose on the taxpayers property that's should be the deal.
CIT is a small business lender. In other words, they actually HELP AVERAGE PEOPLE. I'd rather see Lehman or Goldman Sachs or other megalithic concerns collapse.
Corporations fleeced the money you dopes. The boards and management don't own the companies, they don't care what happens to them.
This was predicted to happen. They took the money (our money, the tax payers money) and ran because they are corp bastards who only care about themselves.
i have lost 50.000.-euro in cit group, i have buy "all in" to 1.02 us dollar.
to big to fail mr. obama? f*ck this niga!!!
chuckicha 1 year ago
Private banks should be shut down anyway. As long as the money is the hand of people who look at money as a good, artificial scarcity will come along from time to time. This is entirely unecessary and nothing else than a legal robbery.
WolYou 2 years ago
If the taxpayers are going to bailout these financial institutions.Then these financial institutions (firms) can not foreclose on the taxpayers property that's should be the deal.
DowJones16WB 2 years ago
CIT is a small business lender. In other words, they actually HELP AVERAGE PEOPLE. I'd rather see Lehman or Goldman Sachs or other megalithic concerns collapse.
Elba1z 2 years ago
Corporations fleeced the money you dopes. The boards and management don't own the companies, they don't care what happens to them.
This was predicted to happen. They took the money (our money, the tax payers money) and ran because they are corp bastards who only care about themselves.
torak101 2 years ago
if you are seriously blaming obama for this still you should probably .... fuck i dont even know what you should do. learn to not be retarded
Juntahh 2 years ago
Yeaa alll of those BILLIONS of tax payer dollars and they still fail.
Thank you OBAMA!!! You were right!! Yes we can throw billions of tax payer dollars at failing companies. Yes we can!!
Pvtjamesryan2 2 years ago
how can Ford make a profit...they didn't borrow money from the great Obama????
JoeAverage86 2 years ago
let them fall so a small business can get its come ups
DemonicGemini 2 years ago
I am so sick of hearing this.
oilersrule2005 2 years ago