SugarDaddy

CIT Group: Hope Is Not a Strategy

This kind of reminds me of DIP financing in the normal sense except DIP in this case means Delayed Insolvency Program.

I think big bondholders are taking notice to what the US Gov't clowns are saying and do want to end up like the automaker bondholders. Now their attitude is to continue rolling the dice in a losing battle to put off the day of reckoning !!!