Comments on: CIT is a warning sign http://blogs.reuters.com/commentaries/2009/07/13/cit-is-a-warning-sign/ Now raising intellectual capital Thu, 20 Jun 2013 09:01:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Hilla Billa http://blogs.reuters.com/commentaries/2009/07/13/cit-is-a-warning-sign/comment-page-1/#comment-1006 Hilla Billa Fri, 17 Jul 2009 23:05:43 +0000 http://blogs.reuters.com/commentaries/?p=1157#comment-1006 CIT is a failure. Now why is that so hard to digest. We would have all been better off if all the other failures were acknowledged and the system, the way it used to be, collapsed. Now its just postponed the inevitable evolution of socialism from capitalism. Marx winks from the grave. CIT is a failure. Now why is that so hard to digest. We would have all been better off if all the other failures were acknowledged and the system, the way it used to be, collapsed. Now its just postponed the inevitable evolution of socialism from capitalism. Marx winks from the grave.

]]> By: tim http://blogs.reuters.com/commentaries/2009/07/13/cit-is-a-warning-sign/comment-page-1/#comment-947 tim Wed, 15 Jul 2009 17:41:10 +0000 http://blogs.reuters.com/commentaries/?p=1157#comment-947 Why do so many folks seem to think bankruptcy is a 'disease' that needs to be avoided at all costs? Bankruptct is the CURE for the disease, which is artificially cheap credit championed by the government. Bailing out failed banks and businesses doesn't fix the problem; it only 'kicks the can' further down the road, guaranteeing an even more painful economic crisis. Why do so many folks seem to think bankruptcy is a ‘disease’ that needs to be avoided at all costs?

Bankruptct is the CURE for the disease, which is artificially cheap credit championed by the government.

Bailing out failed banks and businesses doesn’t fix the problem; it only ‘kicks the can’ further down the road, guaranteeing an even more painful economic crisis.

]]> By: Steve Numero Uno http://blogs.reuters.com/commentaries/2009/07/13/cit-is-a-warning-sign/comment-page-1/#comment-920 Steve Numero Uno Tue, 14 Jul 2009 17:42:02 +0000 http://blogs.reuters.com/commentaries/?p=1157#comment-920 If you go to the jobs website "www.indeed.com" and use the advanced query feature for "CIT Group" you will see about 170 jobs listed (the link below should get you the first 50). Many of the positions require a high level of financial sophistication and experience. If CIT's management has been so good then why only now is CIT looking to hire such people? If they had been in place a couple of years ago CIT might not be in such dire financial straits! http://www.indeed.com/jobs?as_and=&as_phr=CIT+Group&as_any=&as_not=&as_ttl=&as_cmp=&jt=all&st=&salary=&radius=25&fromage=any&limit=50&sort= If you go to the jobs website “www.indeed.com” and use the advanced query feature for “CIT Group” you will see about 170 jobs listed (the link below should get you the first 50). Many of the positions require a high level of financial sophistication and experience. If CIT’s management has been so good then why only now is CIT looking to hire such people? If they had been in place a couple of years ago CIT might not be in such dire financial straits!

http://www.indeed.com/jobs?as_and=&as_ph r=CIT+Group&as_any=&as_not=&as_ttl=&as_c mp=&jt=all&st=&salary=&radius=25&fromage =any&limit=50&sort=

]]> By: Steve Numero Uno http://blogs.reuters.com/commentaries/2009/07/13/cit-is-a-warning-sign/comment-page-1/#comment-914 Steve Numero Uno Tue, 14 Jul 2009 16:32:18 +0000 http://blogs.reuters.com/commentaries/?p=1157#comment-914 The current and future funds of taxpayers, their children and their grandchildren have been used to bail out large institutions even though, in the opinion of this writer, at least some of those institutions should have been forced into bankruptcy. The line must be drawn somewhere. The current and future funds of taxpayers, their children and their grandchildren have been used to bail out large institutions even though, in the opinion of this writer, at least some of those institutions should have been forced into bankruptcy. The line must be drawn somewhere.

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