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Posted: 11/1/2009 4:26:25 PM EST
[Last Edit: 11/1/2009 4:27:04 PM EST by RRA_223]
Christmas shopping season, impending DOW losses, death to small businesses (you've all seen the Obama commercial on small business being "vital" to economic recovery), loss of billions in taxpayer dollars?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3.t_GrxbL2U&pos=1


what gives?


PS Dupe Police: I went back 5 pages and can't search GD...
Link Posted: 11/1/2009 4:27:34 PM EST
everything is fine....move along.
Link Posted: 11/1/2009 4:28:33 PM EST
[Last Edit: 11/1/2009 4:29:04 PM EST by WildApple]
The recession is over.....The jobless recovery is kicking in No worries
Link Posted: 11/1/2009 4:29:16 PM EST

what, you didn't get your Obama money yet?

HA! HA! sucks to be you




Link Posted: 11/1/2009 4:29:20 PM EST
Originally Posted By RRA_223:
Christmas shopping season, impending DOW losses, death to small businesses (you've all seen the Obama commercial on small business being "vital" to economic recovery), loss of billions in taxpayer dollars?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3.t_GrxbL2U&pos=1


what gives?


PS Dupe Police: I went back 5 pages and can't search GD...



I found it on page three in bold......http://www.ar15.com/forums/topic.html?b=1&f=5&t=949612
Link Posted: 11/1/2009 4:31:54 PM EST
[Last Edit: 11/1/2009 4:33:00 PM EST by 24Cans]
There were a couple discussions on it that I can remember.

http://www.ar15.com/forums/topic.html?b=1&f=5&t=949612

http://www.ar15.com/forums/topic.html?b=1&f=5&t=948903

Hope this helps.

Edit: Beaten to the punch.
Link Posted: 11/1/2009 4:32:15 PM EST
[Last Edit: 11/1/2009 4:34:16 PM EST by RRA_223]
must have missed it because my eyes were bleeding after scanning 2 pages of GD topics.



guess drunken halloween pics are more important!
Link Posted: 11/1/2009 4:39:56 PM EST
Link Posted: 11/1/2009 5:08:57 PM EST
Why bother....SHTF for commercial lenders is on now..have your shit together...
Link Posted: 11/1/2009 5:14:29 PM EST
someone please walk me through this:

They have $71 billion in assets, and they're $64.9 billion in debt. That would leave $6.1 Billion, so why can't the $2.3 billion bail-out money be returned to the gov?
Link Posted: 11/1/2009 5:17:27 PM EST
Originally Posted By hobbez84:
someone please walk me through this:

They have $71 billion in assets, and they're $64.9 billion in debt. That would leave $6.1 Billion, so why can't the $2.3 billion bail-out money be returned to the gov?


Are these real assets or pretend assets like the rest of the banks?
Link Posted: 11/1/2009 5:18:04 PM EST
Maybe the CEO has dibs on the $6.1 billion? Can we say "bonus"?
Link Posted: 11/1/2009 7:30:58 PM EST
[Last Edit: 11/1/2009 7:34:30 PM EST by BillofRights]
Originally Posted By hobbez84:
someone please walk me through this:

They have $71 billion in assets, and they're $64.9 billion in debt. That would leave $6.1 Billion, so why can't the $2.3 billion bail-out money be returned to the gov?




Yep, and why would the bankruptcy judge allow them to jettison all their shareholders and unsecured debtors. It's a gigantic scam. Legalized thievery.

The answer you are going to get is that the assets are not the same as liquid cash to cover their payroll and reserves. Also, the bankruptcy procedure is going to eat up lots of capital as well.

I am just sick of companies ditching the shareholders and bondholders. They are destroying the credibility of the Market. Liquidation would at least be more fair.
Link Posted: 11/1/2009 7:34:35 PM EST
I thought you meant CIT as in Cash In Transit...was worried to go to work tomorrow

Erick Z
Link Posted: 11/1/2009 7:36:46 PM EST

Originally Posted By hobbez84:
someone please walk me through this:

They have $71 billion in assets, and they're $64.9 billion in debt. That would leave $6.1 Billion, so why can't the $2.3 billion bail-out money be returned to the gov?

junk bonds
Link Posted: 11/1/2009 7:38:30 PM EST

Originally Posted By BillofRights:
Originally Posted By hobbez84:
someone please walk me through this:

They have $71 billion in assets, and they're $64.9 billion in debt. That would leave $6.1 Billion, so why can't the $2.3 billion bail-out money be returned to the gov?




Yep, and why would the bankruptcy judge allow them to jettison all their shareholders and unsecured debtors. It's a gigantic scam. Legalized thievery.

The answer you are going to get is that the assets are not the same as liquid cash to cover their payroll and reserves. Also, the bankruptcy procedure is going to eat up lots of capital as well.

I am just sick of companies ditching the shareholders and bondholders. They are destroying the credibility of the Market. Liquidation would at least be more fair.

Yep.

I wonder when folks will start to realize this and people's IRAs, 401k's, pension funds and college savings funds will start drying up from the market becoming nothing more than a sieve to dump your liquidity into.



Link Posted: 11/1/2009 7:40:02 PM EST
Isn't the commercial real estate bubble getting ready to pop?
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