Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
CIT Files for Bankruptcy
Old 11-01-2009, 03:38 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
CIT Files for Bankruptcy

Well, ain't this fun?

CIT Files for Bankruptcy
__________________

__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-01-2009, 03:45 PM   #2
Recycles dryer sheets
 
Join Date: May 2007
Posts: 371
Wow! 2.3 billion dollars in Taxpayers money....poof! gone in a blink of an eye. In hindsight probably should have let that ship sink on its own.
__________________

__________________
novaman is offline   Reply With Quote
Old 11-01-2009, 05:35 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Feb 2006
Posts: 1,183
This is still early in the game.
__________________
crazy connie is offline   Reply With Quote
Old 11-01-2009, 05:40 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
Quote:
Originally Posted by crazy connie View Post
This is still early in the game.
Oh! I so love games.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 11-01-2009, 05:50 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Quote:
Originally Posted by novaman View Post
Wow! 2.3 billion dollars in Taxpayers money....poof! gone in a blink of an eye. In hindsight probably should have let that ship sink on its own.
Pffft!

Trillion is the new billion...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 11-01-2009, 05:55 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,615
Quote:
Originally Posted by novaman View Post
Wow! 2.3 billion dollars in Taxpayers money....poof! gone in a blink of an eye. In hindsight probably should have let that ship sink on its own.
Yep. It's not the only one that is on life support that really should have been DNR'ed. Chrysler is now nothing more than a UAW jobs program funded by the taxpayer. The pre-election bills are coming due and are being paid off over time.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 11-02-2009, 11:38 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,881
Wow, good thing that taxpayor $ is not real $.
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Old 11-02-2009, 12:43 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,527
I hear a cornerstone of the new jobs programs is going to be cranking the printing presses up. The Bureau of Engraving and Printing will need to do some major hiring...
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 11-02-2009, 12:51 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by FUEGO View Post
I hear a cornerstone of the new jobs programs is going to be cranking the printing presses up. The Bureau of Engraving and Printing will need to do some major hiring...
I think they are part of the 650,000 jobs we either "saved or created"...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 11-02-2009, 01:51 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,527
Quote:
Originally Posted by FinanceDude View Post
I think they are part of the 650,000 jobs we either "saved or created"...........
In these difficult economic times, they should just be happy they have a job.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 11-02-2009, 02:25 PM   #11
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Well, preferred stockholders rarely get anything in a bankruptcy, only if all the unsecured creditors get paid in full. Which ain't gonna happen.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 11-02-2009, 02:31 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
24 shares - soo how do you swear in Norwegian?





heh heh heh - oh yeah I'm also a taxpayer. Hope the Saint's don't get surprised by the Dirty Birds tonight.
__________________
unclemick is offline   Reply With Quote
Old 11-02-2009, 02:40 PM   #13
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Quote:
Originally Posted by unclemick View Post
24 shares - soo how do you swear in Norwegian?





heh heh heh - oh yeah I'm also a taxpayer. Hope the Saint's don't get surprised by the Dirty Birds tonight.
Drit.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 11-02-2009, 02:53 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Quote:
Originally Posted by Martha View Post
Drit.
Hmmm - similar to the "p" word in Finn.

heh heh heh - and to rub it in - I(C shares) have zero cost basis as an ancient spin off of one of my old DRIP stocks. .
__________________
unclemick is offline   Reply With Quote
Old 11-02-2009, 03:27 PM   #15
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
I can't believe the market finished higher today. I thought it would tank this morning. Maybe this is one of those "sell on the rumor, buy on the news" things. Or the big event that removes some uncertainty from the market.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 11-02-2009, 03:36 PM   #16
gone traveling
 
Join Date: May 2008
Posts: 3,864
Quote:
Originally Posted by samclem View Post
Yep. It's not the only one that is on life support that really should have been DNR'ed. Chrysler is now nothing more than a UAW jobs program funded by the taxpayer. The pre-election bills are coming due and are being paid off over time.
...must... resist... responding....
__________________
Westernskies is offline   Reply With Quote
Hey, How about Ford???
Old 11-02-2009, 04:25 PM   #17
Recycles dryer sheets
DougViages's Avatar
 
Join Date: May 2007
Location: Belmont
Posts: 160
Hey, How about Ford???

They didn't take the 'King's Shilling', and look like they will thrive.
__________________

__________________
Work is the curse of the partying class!
DougViages is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mom, Edward Jones, and a CIT Bond region2 Other topics 7 08-16-2009 04:55 PM
Files Eraser Program? Dennis FIRE and Money 11 11-19-2008 09:21 PM
First Baby Boomer files for SS Benefits... Achiever51 FIRE and Money 10 10-17-2007 12:46 AM
MO files to spin off Phillip Morris ats5g Stock Picking and Market Strategy 0 09-27-2007 05:55 PM
Erasing Computer Files flipstress Other topics 19 11-11-2005 02:18 PM

 

 
All times are GMT -6. The time now is 06:16 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.