Comments on: CIT Files for Bankruptcy http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 17:15:04 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Mannwich http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/comment-page-1/#comment-231389 Mannwich Mon, 02 Nov 2009 17:14:21 +0000 http://www.ritholtz.com/blog/?p=42869#comment-231389 @madman130: I may be wrong, but I believe that I read somewhere months ago that Goldman has derivative contracts on CIT that pay off in the event of BK. Again, I'm going on memory here, but I think I'm right. Would this surprise anyone? @madman130: I may be wrong, but I believe that I read somewhere months ago that Goldman has derivative contracts on CIT that pay off in the event of BK. Again, I’m going on memory here, but I think I’m right. Would this surprise anyone?

]]> By: madman130 http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/comment-page-1/#comment-231372 madman130 Mon, 02 Nov 2009 15:58:06 +0000 http://www.ritholtz.com/blog/?p=42869#comment-231372 How does it benefit Goldman? It must, no? How does it benefit Goldman? It must, no?

]]> By: ella http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/comment-page-1/#comment-231356 ella Mon, 02 Nov 2009 15:14:50 +0000 http://www.ritholtz.com/blog/?p=42869#comment-231356 Taxpayer screwed again. Amend the Bankruptcy code now; make all taxpayer financial contributions, bailouts, etc nondischargeable under any chapter of the code regardless of the instrument or contract under which the funds are acquired or secured. Give the Federal Government top priority and the Fed Reserve 2nd priority. Make the code amendment effective upon enactment. This will protect the taxpayer going forward, because we will be paid first and or have a continuing lien of the assets of the company. We were promised that if we gave the Treasury TARP funds that the taxpayer would make money. Currently, taxes are not dischargable in Bankruptcy. The taxpayers need to be protected. Taxpayer screwed again. Amend the Bankruptcy code now; make all taxpayer financial contributions, bailouts, etc nondischargeable under any chapter of the code regardless of the instrument or contract under which the funds are acquired or secured. Give the Federal Government top priority and the Fed Reserve 2nd priority. Make the code amendment effective upon enactment. This will protect the taxpayer going forward, because we will be paid first and or have a continuing lien of the assets of the company.

We were promised that if we gave the Treasury TARP funds that the taxpayer would make money.

Currently, taxes are not dischargable in Bankruptcy. The taxpayers need to be protected.

]]> By: CIT and Ford: Two Tales of Recoveries - CBS MoneyWatch.com http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/comment-page-1/#comment-231352 CIT and Ford: Two Tales of Recoveries - CBS MoneyWatch.com Mon, 02 Nov 2009 14:58:02 +0000 http://www.ritholtz.com/blog/?p=42869#comment-231352 [...] CIT bankruptcy was not a surprise, but taxpayers are not too happy to learn that the $2.3 billion infusion will likely vanish. (Jim [...] [...] CIT bankruptcy was not a surprise, but taxpayers are not too happy to learn that the $2.3 billion infusion will likely vanish. (Jim [...]

]]> By: flipspiceland http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/comment-page-1/#comment-231302 flipspiceland Mon, 02 Nov 2009 11:09:51 +0000 http://www.ritholtz.com/blog/?p=42869#comment-231302 @simon You write as if market is a male. Your description however, ".....what is amazing is how terrible Mr Market’s memory is and how he seems incapable of keeping anything in perspective...." reads more like one of the distaff side. @simon

You write as if market is a male.

Your description however, “…..what is amazing is how terrible Mr Market’s memory is and how he seems incapable of keeping anything in perspective….” reads more like one of the distaff side.

]]> By: Simon http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/comment-page-1/#comment-231295 Simon Mon, 02 Nov 2009 08:03:41 +0000 http://www.ritholtz.com/blog/?p=42869#comment-231295 What exactly is priced in? 3 to 4% GDP growth is fully priced in says Rosie. I'm sorry but my feeling is that Mr Market has not changed in personality much since he was first perceived in 1934. What is amazing is how terrible Mr Market's memory is and how he seems incapable of keeping anything in perspective. What exactly is priced in? 3 to 4% GDP growth is fully priced in says Rosie. I’m sorry but my feeling is that Mr Market has not changed in personality much since he was first perceived in 1934. What is amazing is how terrible Mr Market’s memory is and how he seems incapable of keeping anything in perspective.

]]> By: thfiv http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/comment-page-1/#comment-231287 thfiv Mon, 02 Nov 2009 06:34:17 +0000 http://www.ritholtz.com/blog/?p=42869#comment-231287 Priced in. Priced in.

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/11/cit-files-for-bankruptcy/comment-page-1/#comment-231284 Mike in Nola Mon, 02 Nov 2009 06:08:46 +0000 http://www.ritholtz.com/blog/?p=42869#comment-231284 Will be characterized as Old News by the cheerleaders. Will be characterized as Old News by the cheerleaders.

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