Replies to post #46993 on Langlui's Big Board and Options Plays

[BUDDIEE18]

US Treasury official: aid would not solve CIT woes
24 minutes ago - Reuters
WASHINGTON, July 15 (Reuters) - The U.S. Treasury and other federal agencies explored several aid solutions to rescue CIT Group Inc from collapse, but the liquidity situation of the small-business lender had deteriorated to the point where these became unworkable, a Treasury official said on Wednesday.

The official told Reuters that a bankruptcy filing was not a foregone conclusion for CIT (CIT)and other restructuring options may be considered, but the Treasury believes a failure of the firm would not be devastating to markets and smaller companies. (Reporting by David Lawder; Editing by Gary Hill)

[-blklabs-]

I'm not defending them (CIT) BAST*RDS screwed me on a business deal a few years back to the tune of 50k. However
IF the Fed doesn't save their ASS*S you can bet there is a deal in the works. I bet 10K on it