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alstry (35.98)

How did Alstrydomous KNOW?????

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September 29, 2009 – Comments (2)

With just one day to go in 9.09......  CIT Group may hand control to bondholders: WSJ

SAN FRANCISCO (MarketWatch) -- Embattled lender CIT Group Inc. is in the midst of a last-ditch bid to restructure by handing control to its bondholders, according to a media report late Monday. The Wall Street Journal, citing an unnamed source, reported that the plan would have CIT offer bondholders new debt secured by the firm's assets, alongside nearly all of the equity in the restructured company. If not enough bondholders agree to the plan, the result could be one of the largest Chapter 11 bankruptcy-court filings in U.S. history. CIT's fate has been uncertain for months, after it succumbed earlier this year to a lack of funding and bad commercial and real-estate loans.

 

What can I say.....9.09.....it is only the beginning now that you know.....soon you will feel......

2 Comments – Post Your Own

#1) On September 29, 2009 at 8:48 PM, alstry (35.98) wrote:

Lower revenue, profit for Jabil as job cuts increase to 4,500

http://tampabay.bizjournals.com/tampabay/stories/2009/09/28/daily41.html

Wasn't some Fool saying something about unemployment topping out......

we have a long way to go to 50%......9.09 is only the beginning.

Hewlett Packard Co. Closing Lansing Michigan Call Center

GTE Federal Credit Union - 5% of Workforce 

Jolt Cola Maker Files Chapter 11 Bankruptcy

America is shutting down.....and you knew it in 9.09.

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#2) On September 29, 2009 at 8:52 PM, alstry (35.98) wrote:

9.09 IS JUST THE BEGINNING

NEW YORK – For many social-service charities across America, the recession has delivered a staggering one-two punch. Sharp drops in donations and investment income have been coupled by soaring demand for their services.

The casualties so far include countless needy clients losing assistance and thousands of nonprofit workers who've been laid off. Some local charities have shut down; even many of the largest nationwide operations have made painful cutbacks in staff, spending and programs.

http://news.yahoo.com/s/ap/20090929/ap_on_bi_ge/us_meltdown_giving

Rising Demand.....Evaporating funds......Few Workers.......Shutting Down as The September Slasher is a Charity Basher.

And your Federal Reserve Chairman and a bunch of Fools fantasize the recession is over......no my friends, the Depression is just getting started......and now you will be able to feel it.

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