Wednesday, October 14, 2009 6:55:58 AM
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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