CIT Group, Inc. New Common (CIT)

[z4lover]

Joe,

their clients are all shopping around right now. There aren't enough other companies who can take in their clients even if they want to.

If they go bankrupt and their ratings go down, clients will leave period (the good clients that is)... and that will further hurt the company...

then the company will get worse... and it will create a snow ball effect.. They won't be able to continue...

Then the clients who can't find new companies will end up going out of business...

I'd say at this point there is about a 50\50 chance of this all happening...

but none the less it is very scary to think about...

PS. you understand what they do correct?