Replies to post #1301 on CIT Group, Inc. New Common (CIT)

[research177]

I hope they are trying to keep their Tier 1 common equity and asset values as high as they can be to jump start at a higher level when they do the debt to equity conversion. They say this latest thing is just criteria for the security being such that they were not forced to issue the interest payment at this moment in time. It is not being considered as a default on the payment. I hope it is simply conserving cash to comply with the FDIC capital bolstering command. Looks like they could do the payment but they won't if they are not forced to make the payment right now. I am ready for the conversion. Get the show on the road CIT Group.





GLTA JMHO DYODD

[declaes]

they have the 22.9 mil, thsy just don't pay them...