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May 2017
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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.

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