CIT Bonds Show Bankruptcy Inevitable as Swap Expires , page 1

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?

reply to post by Trayen11

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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.)

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