-7.4 C
New York
Sunday, December 22, 2024
HomePerspectives
Perspectives

CIT Makes Last-Minute Survival Bid

By Ilene
0
167

CIT Makes Last-Minute Survival Bid (CIT)CIT Group

Courtesy of Joe Weisenthal at ClusterStock

CIT (CIT) isn’t quite ready to just file for bankruptcy. CNBC’s David Faber reported that the bailout-denied firm is still talking to private lenders about raising $2-$3 billion in secured debt. It would likely involve permission from regulators to move assets, around — and we wouldn’t be totally shocked if, in the event that private lenders ponied up significant cash, the government stepped in with their own additional bridge loan. We could see it happening.

The stock is off about 75%

Geithner and Obama thinking

Now Watch The CIT Backlash Begin

Government To CIT: DROP DEAD

The WORST Argument For Bailing Out CIT (Or Anyone Else) (CIT, C)

*****

Not Dark Yet

 

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,330FansLike
396,312FollowersFollow
2,330SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x