• 16 Jul 2009 at 11:05 AM

CIT Still On Life Support

By Greg Michaels

CNBC’s David Faber is reporting that government shunned CIT is looking to head into the weekend $2b – $3b richer than they currently are. Mind you they will need a significant upgrade in the interest from PE firms and fixed income investors from their present status as Facebook friends to bailout heroes pretty quickly.

Comments (11)

  1. 1
    Posted by guest | July 16, 2009 at 11:09 AM

    Greg, I can’t deal with your BS right now. I’m clipping my toenails.

  2. 2
    Posted by guest | July 16, 2009 at 11:09 AM

    Does anyone else get the feeling that the government wants CIT forced out of business, maybe to reduce competition for GE Capital and JPM?
    Since Geithner is leaving CIT for dead, I think they should spite the Administration and start foreclosing on every small business that is late on payments.

  3. 3
    Posted by guest | July 16, 2009 at 11:10 AM

    Greg – what the fuck does this even mean? Work on your english skills.

  4. 4
    Posted by guest | July 16, 2009 at 11:13 AM

    @2 = Greg.

  5. 5
    Posted by guest | July 16, 2009 at 11:13 AM

    government-shunned*

  6. 6
    Posted by guest | July 16, 2009 at 11:14 AM

    GREG Still On Life Support.

  7. 7
    Posted by Investorcluzo | July 16, 2009 at 11:27 AM

    I’m no english major, but how about “facebook friends to bailout ‘buddies’” – better alliteration, just sayin’…

  8. 8
    Posted by guest | July 16, 2009 at 11:30 AM

    my greg is leaking

  9. 9
    Posted by guest | July 16, 2009 at 11:34 AM

    Crickets anyone?

  10. 10
    Posted by guest | July 16, 2009 at 11:44 AM

    I appreciate Bess’s talent so much more now that Greg is on DB. I shudder to think that TGFD has better command of the English language than Greggie.

  11. 11
    Posted by guest | July 16, 2009 at 12:14 PM

    I think he’s too scared to read the comments after posting his sh*t. How else can you explain the fact that he’s still alive?

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