CIT Group files Bankruptcy

[TimAT]

Looks like we're going to take it in the shorts again. This time to the tune of 2.3 BILLION.

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&date=20091101&id=10621762

The only good thing I see here is that Carl Icahn was into them for 1 BILLION. I hope he loses his azzz.

 

[68L71]

As bond holder Icahn should fare better than some.

BUT he said....

Barack Obama would be a "terrible'' U.S. president whose election would bring a loss of international confidence in the dollar.

So maybe Obama will be sure he gets screwed.

 

[greg75vette]

It's good to hear the bailout worked so well for them...