jstratt

CIT Group's Bankruptcy Plan: Goodbye Common and Preferred Stock

I wasnt surprised that billions of Taxpayer funds were used in this bailout according to William Black.

Geithner is nothing but a thief stealing from taxpayers money he would rather cheat than pay himself. If you are an investor always bet against the taxpayers. You can't help but win. It is like throwing money on the sidewalk outside a restaurant. After you eat go see if it is still there.

Make sure no bondholders lose any money. Rush in with taxpayer money first at all cost. Both Dems and Repubs are equally bought/bad.

Finally I have some great recommendations for treasury. I think Dick Fuld, Jimmy Cayne and Ken Lewis are available. They are the only ones who measure up to the excellence of Geithner that I can think of.

Goldman Correlation Desk Profits from CIT CDS; Is Sallie Mae Up Next?

This guy got it write back in 2007 when he said

Lindzon writes that “Goldman is the world’s largest bookie that fixes games and legally sells you shit while they are dumping it out the back door.”

CIT: Too Big to Not Fail?

I agree with para 1 & 2 of conceptwizard.

Lehman was sacrificed to help out Goldman Sachs. GS gets a 100 to 1 return on taxpayer dollars and was bailed out by the government and its GS lackeys.

It is too bad! I was much happier when I thought they were talented traders. They are a blight on free enterprise.

AIG was an excuse to capitalize GS. In a financial sense they own the US Treasury so wait for the next transfer of taxpayer funds.