CIT Group, Inc. New Common (CIT)

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So do you think some of those huge buys on the CIT-A are some of the institutions that had/have huge amounts of common listed on the last June 30 disclosure forms and are getting out of the common and into the preferreds themselves? That investment arm of BAC sure wouldn't like their huge common stock share investment diluted when then could multiply their returns maybe more. So it would make sense for them to get some CIT preferreds, wouldn't it? Who could be the buyer on the other end of those huge 500,000 share blocks you were talking about yesterday in CIT-A?





JMHO DYODD