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  • The Impact of CIT's bankruptcy... it's bigger than you think!

    3 posts, 3 voices, 1896 views, started Jul 17, 2009

    Posted on Friday, July 17, 2009

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    • inactive
      Diamond
      Offline

      If you follow the economy closely, you will know that CIT (not to be confused with the evil giant Citi) is not receiving a bailout and therefore about to go under.

      It’s about time, you say? Well, ponder this...

      CIT is the largest lender to small and midsize business. When these small and midsize business go under because they can't get loans, thousands and thousands of jobs will be lost.

      Wall Street is getting help with additional bailouts but not Main Street. Something seems very wrong here. Small and midsize businesses are the backbone of our economy.



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        • 0 votes vote up vote up

          Tuliplady wrote Jul 17, 2009
        • Maybe I’m getting paranoid, but it seems to me that our government does want there to be any small or mid sized businesses anymore.  No small or mid sized farms, no small or mid-sized towns or schools.  They bail out the biggies and essentially own them.  Socialism is creeping in and the general public has no clue it’s coming.  Just my two cents for the day.

          And on the subject of citi, what’s keeping them from going under like everyone else?



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