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Re: CIT Group Bankruptcy ???
Author: John West
Date: 07-17-2009 - 11:37

Basically CIT is getting what they deserve, at least in the rail leasing market. They appear to have purchased very expensive equipment and put it on short term lease, exposing themselves to a lot of downside risk. Like many bankers CIT was most likely volume driven and did not realistically analyze (or understand) the risks they were taking. But the salesman got big incentive payments for those big deals. It is a good thing that they are not being bailed out. For some folks bankruptcy is an appropriate process.

JBWX

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Subject Written By Date/Time (PST)
  CIT Group Bankruptcy ??? George Andrews 07-16-2009 - 13:48
  Re: CIT Group Bankruptcy ??? BOB2 07-16-2009 - 17:38
  Re: CIT Group Bankruptcy ??? Freericks 07-17-2009 - 03:42
  Re: CIT Group Bankruptcy ??? Matt Farnsworth 07-17-2009 - 07:13
  Re: CIT Group Bankruptcy ??? John West 07-17-2009 - 11:37
  Re: CIT Group Bankruptcy ??? OldPoleBurner 07-17-2009 - 12:33
  Jailing the miscreants John West 07-17-2009 - 12:57
  Re: CIT is hardly the worst-and is more of a victim? BOB2 07-17-2009 - 16:13
  Re: CIT is hardly the worst-and is more of a victim? BOB2 07-17-2009 - 16:23
  Re: CIT is hardly the worst-and is more of a victim? Tony Johnson 07-17-2009 - 17:38
  Re: CIT is hardly the worst-and is more of a victim? John West 07-17-2009 - 18:26
  Re: CIT is hardly the worst-and is more of a victim? Rich Hunn 07-18-2009 - 11:25
  Re: CIT is hardly the worst-and is more of a victim? OldPoleBurner 07-18-2009 - 13:05
  Re: I was raised back when we still taught math? BOB2 07-18-2009 - 16:42


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