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.