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Getbig Main Boards => Politics and Political Issues Board => Topic started by: nicky.smth on July 16, 2009, 09:56:51 PM

Title: Moral Hazard..CIT group
Post by: nicky.smth on July 16, 2009, 09:56:51 PM
what do you boys think, Why is the government doing not bailing them out? CIT provides credit to many small businesses around the country...I bought some shares at today at 41 cents today, hoping some someone will bail them out tonight...the last price after hours was .50 as the stock is halted on the NYSE.

it was a small investment of risk capital..so no worries if it goes down, or to zero

not trying to pump the stock, not my objective here..

My objective to get spur conversation among the getbig hedgefund managers. ;D

Title: Re: Moral Hazard..CIT group
Post by: Soul Crusher on July 17, 2009, 04:43:23 AM
what do you boys think, Why is the government doing not bailing them out? CIT provides credit to many small businesses around the country...I bought some shares at today at 41 cents today, hoping some someone will bail them out tonight...the last price after hours was .50 as the stock is halted on the NYSE.

it was a small investment of risk capital..so no worries if it goes down, or to zero

not trying to pump the stock, not my objective here..

My objective to get spur conversation among the getbig hedgefund managers. ;D


________________________ ________________________ ____

Because the Govt picks winners and losers. 

Lehman Bros was a loser, GS was a winner. 

If GS wants it, it will get done. 


Title: Re: Moral Hazard..CIT group
Post by: nicky.smth on July 17, 2009, 06:40:20 AM
good response...

this sucker is done...

got out this morning at 58 cents..


fuck it, I'll take the almost 50% gain ;D