Friday, Jul 17, 2009
Too big to fail, it would appear.
Reuters: CIT in talks with JPMorgan, Goldman: source
CIT Group Inc is in talks with JPMorgan Chase & Co and Goldman Sachs Group Inc about short-term financing as it looks for ways to avoid bankruptcy, a source close to the company said on Friday, sending the lender's shares and bonds up.
Posted by devo @ 07:31 PM (494 views) Add Comment
2 Comments
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1. mark said...
maybe or maybe not
this could be a way of pushing shares up for those who want out!!!!!
2. Ndg said...
RedHat just replaced CIT on the S&P 500. Announced in US @ 5.15 pm on a Friday afternoon.
What you see (JPMorgan Chase, Goldman Sachs) are the circling vultures. What you don't see is Ben Bernanke and Timothy Cuntner high fiving each other.
Game over for CIT.