mahram

CIT Group Announces More 'Restructuring', But Bankruptcy Outcome Still Unclear

rmg, 2 months ago, 3 months ago, 6 months ago, 12 months ago, it was pretty obvious this company was going to file for bankruptcy. so dont tell me you knew any diffrence. if you looked at the business model it was clearly broken. the only thing I heard diffrent was a sliver that the government would bail them out again. But when the government refused to give them any more money or allow them to break the rules and take in more deposits, you knew it was a death knell.

CIT Group Announces More 'Restructuring', But Bankruptcy Outcome Still Unclear

wsj just reported cit declares bankruptcy, case closed. You make decent seekingalpha writers look bad man. Please respond.

CIT Group Announces More 'Restructuring', But Bankruptcy Outcome Still Unclear

I dont want to bad mouth seekingalpha. But commentators like you seem to give alot of the writers here a bad name. You make alot of the writers here seem like they dont know anything about what they are writing about. Your citing the polical agenda of the WH. Except you forget that the adminstration is allowing this bankruptcy. All they needed todo was allow emergency fed funding, but they were denied. Goldman isnt losing any money on this, they will profit, from the cdo's they have on this company. As of this minute, Cit has declared bankruptcy. The clues to the bankruptcy would have been obvious. When ichan, came into support of the prepak, it was all but certain, then the deals with goldman, and the other debt holders for the prepak. You seem like a young guy, and not much experience in the financial world, but use this company as a learning experience, so you can grow.

Why We're Still Listening to Economists

well it was the same reason people didnt speak out during the iraq war. People were afraid of people ridiculed. Made to look foolish,ostrizied from society. Come on talek, was the butt of jokes all during the good times. People only tolerated him because he was good guy to banter against. if you wan to look at a parrarel, look at the the dixie chicks. Ruined their career for speaking the obvious about the war. Just give it up and try to guilt trip people. We all know why they didnt speak out, they were afraid or bought off. And would people even listened.

General Motors' Natural Share Level: Can GM Be Like IBM?

yup your right, but its kind of like saying, if i made 30 million a year, and I didnt have to pay off the interest on 30 billion a year, how much i would be worth. Gm has alot of issues, from healthcare,labour, debt, to slowing sales. Your right, if they get ride of all of them, yeah gm is worth alot. This process is called bankruptcy.

General Motors' Natural Share Level: Can GM Be Like IBM?

Yup, your right, but the only way to achieave all your saying is a bankruptcy. Its kind of like saying, I make 30 million a year, but I have 30 billion in debt, and dammit if i didnt have to pay the interest on that debt, I could have 30 milllion in free cash flow. GM has value, but to unlock that value you have to go throught bk. you have to renegotiate all kinds of costs at gm or cancel out debt , to reach that so called value spot.

MBIA and Ambac: Monoline Malaise

hi david, I agree with you, that if I were ny state regulators, how I would be able to allow mbia to start another business. If in bad times they were willing to allow their noteholders and clients fall into the wind. And that they have reneg on their deals with regulators. Theres no trust, and in the business of insurance its all about trust. If you put out the public outcry,about the situation it would be impossible for regulators. it would be a pr nightmare. And if I were a ratings agency, it would be tought to justify giving them aaa. Also one note, if I were a regulator, or a rating agency, I would be scared like crazy to think that management is thinking about putting their scarce capital in buybacks or large dividends to shareholders, in a time of crisis. If I were a cynic, this would be an attempt by management to bail out their losing stock positions, and not to save the company.