Saturday, July 18, 2009

CIT Domino's, Vultures and Team Obama Justification

CIT Group (CIT) is done. Now watch the domino’s fall over. Strange as it seems the Obama administration by letting the market place deal with CIT failure will justify the previous support for larger institutions by saying look at the pain the CIT group is causing. Imagine what it would have been like if we had let the really big guy’s go down. Vultures at the ready pickings might be rather good.