Replies to post #8846 on China Growth Stocks

[Drexion2004]

Nah, this BK has been expected for weeks.

In fact, i'd say its a positive for the markets since Carl Icahn isn't blocking the prepack anymore. The overwhelming support the prepack got will make the company emerge from BK in 2 months or so...Could have been a lot worse if they entered real Ch 11.

-Fernando

[BiotechValues]

Maybe the CIT news won't cause as much panic as expected?

I base this on my belief that most people in the last few weeks were expecting CIT to fail.

Hell, as a libertarian who has little use for either political party at this point, I see the government's decision to not jump in and bail them out as a big positive.