Replies to post #3420 on CIT Group, Inc. New Common (CIT)

[puppydotcom]

when a public company files for chapter 11 .. sell, run and don't look back ... works 99.9% of the time

[JimsZ]

Bud... I think all us little people see it. These large corporations are too greedy to just pay their CEO's/Officers millions per year, but they also have to rob their shareholders of whatever extra they can. I'd bet you either see large raises and/or many many shares given to those running the company.


In my company last year everyone got a 5% pay cut due to the "economy" even though our contracts are set years in advance... Of course there were quite a few shares given out to the bigwigs within 2-3 days of our announcement of pay cuts to help the company... Those with big money want more. Those without money want to be able to afford our taxes and survive a decent lifestyle without working the 70 hr weeks we are now doing. Those not wanting to work all are saying "Hey, we're becoming middle class". Govt is F'n EVERYTHING up

[JimsZ]

I have to agree with you. The only thing different is OLD Equity is GONE & those that wouldn't "help" by either re-writing debt got a windfall at the expense of shareholders