Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
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.