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I-Man

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I-Man

Re: marayatano post# 11

Wednesday, 10/14/2009 6:55:33 AM

Wednesday, October 14, 2009 6:55:33 AM

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There will be no BK- trust me.

Do you not find it funny Peek was voted for another 1 year contract last month, then yesterday all of sudden he is resigning in 60 days now?

I and others expect behind scenes bondholders gave him and CIT Board an ultimatum- full blown BK where everyone loses, OR you force Peek to leave ASAP as he was the reason all of this happened in first place to a respectable long time corp tied to millions of US small business people....

And yesterday alone both the CIT-A preferrd and CIT common reboudned a lot of the price decline from the panic selling they endured since pre mkt?? VERY resilient..
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