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CIT death watch and impacts thread
Re: CIT Files for Bankruptcy
by Homesteader » Mon 02 Nov 2009, 03:56:14
"The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to a close. In its place we are entering a period of consequences…"
Sir Winston Churchill
Beliefs are what people fall back on when the facts make them uncomfortable.
Sir Winston Churchill
Beliefs are what people fall back on when the facts make them uncomfortable.
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Re: CIT Files for Bankruptcy
by deMolay » Mon 02 Nov 2009, 09:02:18
Un official troubled bank list. http://bankimplode.com/list/troubledbanks.htm
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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Re: CIT Files for Bankruptcy
by mcgowanjm » Mon 02 Nov 2009, 09:13:23
When the 5th largest BK in US is bumped for
the 911 warship and Ford announcing it will
be profitable in 2011:
We're insolvent.
the 911 warship and Ford announcing it will
be profitable in 2011:
We're insolvent.
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Re: CIT Files for Bankruptcy
by rangerone314 » Mon 02 Nov 2009, 09:41:50
Those aren't green shoots... those are mushrooms rising up, feeding on the rotting corpse of the economy.
An ideology is by definition not a search for TRUTH-but a search for PROOF that its point of view is right
Equals barter and negotiate-people with power just take
You cant defend freedom by eliminating it-unknown
Our elected reps should wear sponsor patches on their suits so we know who they represent-like Nascar-Roy
Equals barter and negotiate-people with power just take
You cant defend freedom by eliminating it-unknown
Our elected reps should wear sponsor patches on their suits so we know who they represent-like Nascar-Roy
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Re: CIT Files for Bankruptcy
by frankthetank » Mon 02 Nov 2009, 10:52:32
A couple years ago i might have thought the sky was falling, not anymore... yawn 
Pretty sad really... When does "American Idol" start?..i need more distraction
Pretty sad really... When does "American Idol" start?..i need more distraction lawns should be outlawed.
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Re: CIT Files for Bankruptcy
by mcgowanjm » Mon 02 Nov 2009, 12:34:19
And that's the takeaway.
This stuff's boring. Look. Nothing's happened yet.
$this->bbcode_second_pass_quote('', ' ')I also continue to assert that a flurry of bonuses paid out this holiday season by Goldman Sachs and its other amigos at the top of the banking food chain will be greeted by violence - which will be the natural outcome of a society whose government fails to even give the appearance of protecting its citizens from organized crime. How did a sock puppet get appointed head of the US Department of Justice, folks will wonder.
This stuff's boring. Look. Nothing's happened yet.
$this->bbcode_second_pass_quote('', ' ')I also continue to assert that a flurry of bonuses paid out this holiday season by Goldman Sachs and its other amigos at the top of the banking food chain will be greeted by violence - which will be the natural outcome of a society whose government fails to even give the appearance of protecting its citizens from organized crime. How did a sock puppet get appointed head of the US Department of Justice, folks will wonder.
-kunstler
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Re: CIT Files for Bankruptcy
by crude_intentions » Mon 02 Nov 2009, 12:36:25
Let me guess how this going to play out. The inverstors (including all of us living in U.S) are going to lose everything. The employee's will lose not only thier jobs, but their healthcare, retirement and pension but the corporate rats will walk away golden parachutes so large they could be used to tent Yankee Stadium.
Is'nt that how it usually works out.
Is'nt that how it usually works out.
Reality is merely an illusion, albeit a very persistent one.
- Albert Einstein
- Albert Einstein
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Re: CIT Files for Bankruptcy
by deMolay » Mon 02 Nov 2009, 19:26:59
And if you get to mouthy, we will taser your ass and drag you off to jail.
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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Re: CIT Files for Bankruptcy
by nobodypanic » Mon 02 Nov 2009, 20:30:05
$this->bbcode_second_pass_quote('deMolay', 'T')ings is getting better. Nothing but green shoots.
now you say that as a joke, but while at work today i actually heard the talking head morons at CNN try to spin this as a good thing: (i am paraphrasing) "this could be a good thing. letting CIT go through bankruptcy will show the world that capitalism still works."
up is down, down is up.
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Re: CIT Files for Bankruptcy
by EnergyUnlimited » Wed 04 Nov 2009, 16:07:35
$this->bbcode_second_pass_quote('nobodypanic', '')$this->bbcode_second_pass_quote('deMolay', 'T')ings is getting better. Nothing but green shoots.
now you say that as a joke, but while at work today i actually heard the talking head morons at CNN try to spin this as a good thing: (i am paraphrasing) "this could be a good thing. letting CIT go through bankruptcy will show the world that capitalism still works."
up is down, down is up.
In some sense it is true.
Capitalism is a powerful Nature's proxy and regardless of all efforts of governments to achieve the opposite, it WILL at the end succeed and shut down most of current economic activities.
So in fact, despite all the meddling it does work at the end.
However you might not like this end.
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