BREAKING: CIT Group (CIT) cuts deal with key bondholders for $3B in financing, will avoid...

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Market Sniper Comments (668)
 
There ya go! Tried and true. When Bk, just borrow more! LOL...Like the old saying, when you owe the bank a few buck, they have you by short hairs. When you owe the bank a ton, you have THEM by the short hairs.
19 Jul 2009, 05:34 PM Reply Like

RiskReturnOptimizer Comments (572)
 
PIMCO is major owner of CIT bonds, and has been advocating "investing alongside US government." This time it seems like US gov't is not playing anymore (willing to lose the TARP money) ... so PIMCO has stepped up the plate to get CIT another chance ... let's see how the deal looks when its formally announced tomorrow.
19 Jul 2009, 05:37 PM Reply Like

BullnBear Comments (255)
 
Any thoughts on why PIMCO and Goldman seem to be involved in every deal that gets done these days?
19 Jul 2009, 06:16 PM Reply Like

Market Sniper Comments (668)
 
No idea. ROFL


On Jul 19 06:16 PM BullnBear wrote:

> Any thoughts on why PIMCO and Goldman seem to be involved in every
> deal that gets done these days?
19 Jul 2009, 06:19 PM Reply Like

fed_alchemy Comments (245)
 
Were Pimco and GS two of the PPIP authorized dealers
19 Jul 2009, 06:30 PM Reply Like

Illusional Delusion Comments (346)
 
They are the only one with direct access to the printers

On Jul 19 06:19 PM Market Sniper wrote:

> No idea. ROFL
19 Jul 2009, 07:05 PM Reply Like

FloridaBoy2 Comments (308)
 
Perhaps Goldman has a conscience?...nah....h... they are one of the few solvent players. PIMCO will most likely get a better return if CIT stays out of court.


On Jul 19 06:16 PM BullnBear wrote:

> Any thoughts on why PIMCO and Goldman seem to be involved in every
> deal that gets done these days?
19 Jul 2009, 07:36 PM Reply Like

Jolly_Rancher Comments (522)
 
Because they didn't buy bond default insurance on their CIT debt. If they had, it would have required another gov. bailout.


On Jul 19 06:16 PM BullnBear wrote:

> Any thoughts on why PIMCO and Goldman seem to be involved in every
> deal that gets done these days?
19 Jul 2009, 07:59 PM Reply Like