CIT Group again on brink of collapse : AP News
I want you all to read the key line in this article and stop trading in worthless shares!
the exchange would hand control to its bondholders and wipe out common stockholders.
This is what happens nowadays when there is a highly leveraged (and often bailed out) entity where the debt exceeds the value of the assets. Pretty simple math.
Bob
Who is doing the math on AIG?? When are we going to see a government entity to bring them in and bust them up? I think it will happen unless the story fades away. If it fades out of the spotlight, the politicians won’t care to act.
Consider your high risk shares. We are in
via The Associated Press: Report: CIT Group again on brink of collapse.
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