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S&P 500
5,505.00
(
-0.71%
)
US TECH 100
19,000.00
(
-0.94%
)
Dow Jones
40,287.53
(
-0.93%
)
Brent Oil
81.88
(
0.00%
)
Bitcoin
66,705.79
(
-0.69%
)
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etzetrade

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etzetrade

Re: erevno post# 4171

Sunday, 09/12/2010 8:24:40 AM

Sunday, September 12, 2010 8:24:40 AM

Post# of 4849
The reason that Cit went to BK11 was creditors were demanding the payment, and not willing to extend the credits. Having gone through BK11, the compnay wiped out 10 billion debts and renegoitated a new term of payments, plus saving a lot of interests. The result....=> US Treasury, commons, and prefs stocks have all gone.
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