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alstry (36.12)

CIT RIP 11.10.9

Recs

18

November 01, 2009 – Comments (10)

Now you FEEL.

10 Comments – Post Your Own

#1) On November 01, 2009 at 4:50 PM, AdirondackFund (< 20) wrote:

Here's the link and the story at msn. 

 http://www.msnbc.msn.com/id/33576310/ns/business-us_business

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#2) On November 01, 2009 at 4:53 PM, AdirondackFund (< 20) wrote:

Didn't Geithner just express his ebulient optimism on the economy about an hour ago?  Is he not even aware of what is going on anymore?  Did he not know of the CIT Bankrupcy BEFORE he voiced his optimism on the Recovery?

Another 2.8 Billion of your children's money INCINERATED on this one. 

Shut down the f'ing Government.  This is a joke.

These are not Stimulus Programs for Banks, they are the INCINERATON of money. 

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#3) On November 01, 2009 at 5:01 PM, alstry (36.12) wrote:

Shhh.

Goldman Sachs made a cool Billion on the SWAPS by CIT going bankrupt and a few hundred million on the bridge financing.....and that is only a brief summary.....

You think GS knew what was going to happen since they were key in the financing???

while the taxpayer is out almost three billion and we are bailing out GS?????

And the call this a "free market" economy?????

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#4) On November 01, 2009 at 5:31 PM, AdirondackFund (< 20) wrote:

With 'Golllly Gomer' Geithner declaring the banking system 'stable' a moment before it proves not to be, is the essence of being misinformed.  What a complete RUBE this guy is. 

GS is raping the Nation with our Grandchildren's money.  Somebody call a COP. 

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#5) On November 01, 2009 at 5:46 PM, alstry (36.12) wrote:

Denninger has been calling for cops for the past few years....but when the cops are the conspirators....there is really no one to call.

A few pension funds just got bent over...but it is OK...the Pension Guaranty is out of money too.

Just one step closer to America shutting down as we all begin to Feel while GS and other bankers siphon off the little that is left.

After 20 years working for the city of Denver, Keith Chavez suddenly must come up with a new game plan to support his wife and three children.

The sole breadwinner in his family, Chavez is one of more than 170 employees with the city to learn they must look for work elsewhere.

The historic downturn in the economy is taking a toll on the public sector as sales-tax revenues plunge, forcing governments to make tough choices.

http://www.denverpost.com/commented/ci_13687052?source=commented-

hmmmm.  The same cities paying billions in SWAP obligations to bankers are watching their revenues evaporate........11.10.9...when you Feel.

 

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#6) On November 01, 2009 at 6:50 PM, jddubya (< 20) wrote:

Non-story for CIT - read the article.  It's a prepackaged reorg.

Jeez Al, you're really grasping for something big to happen...and it's not going to.

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#7) On November 01, 2009 at 6:50 PM, lquadland10 (< 20) wrote:

AdirondackFund

 Didn't Geithner just express his ebulient optimism on the economy about an hour ago?  Is he not even aware of what is going on anymore?  Did he not know of the CIT Bankrupcy BEFORE he voiced his optimism on the Recovery?

Geithner helped set this mess up at the time he worked at the FED. Now he will fix it, Yea right and my skin is now pink with purple stripes. Has he even figured out how to work Turbo Tax yet? 

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#8) On November 01, 2009 at 7:52 PM, bullnada (< 20) wrote:

jdub,

 Something big to happen. What is big in your world? Not citi,bear,aig,gm, fha, california, should I go on? What is  BIG?

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#9) On November 01, 2009 at 8:29 PM, jatt22 (44.13) wrote:

u r rite  A L  it  really starting  to feel  an  if   any body still  not  feeling  it  then   god  bless   AMERICA .

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#10) On November 01, 2009 at 9:09 PM, Judochop172 (25.52) wrote:

http://www.ft.com/cms/s/0/9a5b3216-c70b-11de-bb6f-00144feab49a.html

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