Cit Grp. Pfd A (fka CIT-A)

[Joe Stocks]

I think CIT filing BK is the best way to go. The governemnt adding on more debt does not cure the problems that CIT has. The restructuring of debt uinder BK could put CIT back on firm footing. Unfortunately the common suffers the most, but the alternative is worse IMO. Under the current plan CIT will still be able to make loans to small businesses in the future. With a bailout I think their would always be underlying uncertainty if they have the ability to survive.