CIT Bonds Show Bankruptcy Inevitable as Swap Expires

O.K.

I did a search and did not see this here yet, so I thought perhaps I should post it and let everyone discuss what's going on.

CIT Bonds Show Bankruptcy Inevitable as Swap Expires

So, I'm not as smart markets or economy wise as some here. But I can see this as being some major news and really messing this up big time. Question is, are CIT part of the "To big to fail" group?

This is just one of a few major companies about to report bankruptcy. Good find, I'll flag.


Anyone else seeing the major stress in the stock market like I am? It's been there for about a month now if you looked hard enough. Now its coming to the front.

Get ready for more bad news.

I guess the big question is, will the government decide to prop these guys up even more to stop them from declaring? I thought I saw somewhere on here that the "to big to fail" Idea was being stopped.

Can't remember what thread I saw it on.

reply to post by Trayen11


That is just a cover up to get government more into the corporations. "stopping" the to big to fail is basically the government coming in and declaring what these companies can and cannot do.

I believe they stated something along the lines of making companies shut down before they cause to much damage and making these companies pay into funds to "protect" the investors.

All I see id the government getting to involved in a free market. (Not that we've had a free market for awhile now.)