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02:34 AM
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!!!!!!!!!!!!! CIT HALTED !!!!!!!!!!!!!!! *** BANKRUPTCY by Sunday ***
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[quote:GlassPearls:MV85MTIwMjZfMTQxMjEzOTVfNDEwOUFERTY=] [quote:Anonymous Coward 801114] I don't think anyone will care if/when they FAIL! Half the sheep will say it was anticipated and already absorbed in the market...BULLSHIT! The other half don't even know who/what the fuck CIT is! Remember CAPMARK earlier this week.....crickets chirping!? [/quote] Imagine for a second that you live on a farm, in an isolated region in a town of 7,500 people. You get 100% of your goods delivered to you via the town's rail line, and the single two-lane country road going through town. As you sit there munching on lunch, you see the local news come on with a report that a train crash has torn up the railroad tracks and took out the bridge over that two-lane road. You think, hum, and discard the thought and go about your day. Two days later, you need groceries so you head into town. But, the shelves are bare and you find out there will be no deliveries by rail until next month. Meanwhile the road/bridge was bypassed by local farmers working together, and you hope to see trucks soon. THE POINT: What may seem like nothing now, may very well become shockingly apparent, soon. Just a thought. [/quote]
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Link pending.
UPDATE 1: CNBC cable news reporting that CIT bankruptcy is certain. Estimated to take 60-90 days to sort out.
UPDATE 2: A link for the lazy ass who can't spell. Here I'll "dive" you this: [
link to www.cnbc.com
]
PLEASE NOTE:
CIT
is not
Citi. They are two different companies. The former is America's largest lender to small and medium sized businesses. The latter is a financial conglomerate.
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