Monday, July 13, 2009

CIT Come On Who Is Really Surprised!

CIT Financial (CIT) hit the headlines today as investors were surprised that CIT is looking for good quality life-boats. CIT executives are surprised that the market is surprised. This probably signals that the credit crisis may be rolling through the smaller players who will need to be swept up off the market. The message to investors is “If it ain’t vanilla do not lick it”