CIT is in a niche' industry and it will not nor cannot fail because the whole US economy is tied directly to it from millions of busiensses to millions of downside suppliers to thsoe businesses and tens of millioons of employees in the loop. TO see CIT fail would mean the USA would go back to 1929 in a matter of days and hours folks.
At first I saw this last week and wnated to jump in at 30 some cents but did not because I thought about past GM and WaMu, etc.. But CIT is nothing like those bastards. Now after this morning, I know I made BIG mistake and am in with position, but wish it were at the fabricated 30-40 cent level last week..
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