Replies to post #28 on Cit Grp. Pfd A (fka CIT-A)

[RonnieD]

yesterday afternoon, DJ Wire reported Treasury Spokeswoman Meg Reilly expected all classes of CIT stock to be cancelled upon emergence from bankruptcy, however mentioned "minimal recovery" for both common and preferred, including theirs, and that the Dept. would be keeping a "watchful eye" on proceedings.