Categories

Login Status

You are not logged in.

Polls

Is Facebook overvalued at $40/share?

View Results

Loading ... Loading ...

Calendar

October 2017
M T W T F S S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

CIT Group Bankruptcy tonight!

                Oh, this should make it for an exciting week on Wall Street.  The whisper on the Street is that City Group will be declaring bankruptcy, Chapter 11, Sunday night (tonight).  What does this mean for the market?  Not sure, but what it means to the public is that 2.3 billion dollars of taxpayers’ money will go to waste and never be seen again.  The theft of the middle class continues as these corporate criminals (AKA executives) pocket all the cash from the corporations while leaving all of them overleveraged with debt.  It is crystal clear to this writer that the government bailout has failed miserably.  The criminals are in charge while the people are at the mercy of the unjust greedy bankers.

This content is restricted to site members. If you are an existing user, please login. New users may register below.

Existing Users Log In
 Remember Me  
New User Registration
*Required field

Comments are closed.