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dave_s

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dave_s

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Re: Joe Stocks post# 60136

Wednesday, 09/30/2009 10:20:25 AM

Wednesday, September 30, 2009 10:20:25 AM

Post# of 77456
A reorganization inside our outside BK is going to be much tougher for CIT now that they used a lot of cash to pay off bondholders in August and also pledged all non-indebted assets to guarantee the usurious loan that they obtained in August.

They have much less room to maneuver now.
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