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THE OBAMA DEPRESSION DEEPENS: Massive CIT Group files...
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Nobel Absurdity Prize...
Posted: Mon Nov 02, 2009 3:51 am
Guest
http://finance.yahoo.com/news/CIT-files-for-Chapter-11-apf-1202955938.html?x=0&sec=topStories&pos=main&asset=&ccode=

"CIT files for Chapter 11 bankruptcy protection"

Quote:
The Chapter 11 filing is one of the biggest in U.S. corporate history,
following Lehman Brothers, Washington Mutual, WorldCom and
General Motors. CIT's bankruptcy filing shows $71 billion in
finance and leasing assets against total debt of $64.9 billion.

The Marxist leftwing assault on American capitalism continues...

-

Save a tree.
-- Don't buy a liberal newspaper
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Werner...
Posted: Mon Nov 02, 2009 5:55 am
Guest
On Nov 2, 9:05 am, hal wrote:
Quote:
On Mon, 2 Nov 2009 05:51:39 -0800 (PST), Nobel Absurdity Prize

progressive_libertar... at (no spam) yahoo.com> wrote:
http://finance.yahoo.com/news/CIT-files-for-Chapter-11-apf-1202955938...

"CIT files for Chapter 11 bankruptcy protection"

The Chapter 11 filing is one of the biggest in U.S. corporate history,
following Lehman Brothers, Washington Mutual, WorldCom and
General Motors. CIT's bankruptcy filing shows $71 billion in
finance and leasing assets against total debt of $64.9 billion.

The Marxist leftwing assault on American capitalism continues...

American capitalism gave us this disaster, moron.  This is an
engineered disaster.  Engineered by the right wing to destroy the
unions and middle class.  Thanks for helping you toadying cocksucker..





“The idea that you can fix a period of excess borrowing and excess
consumption by more borrowing and more consumption to me is just
ludicrous,”
Jim Rogers, an American 
investment guru
"...government and the banking system have deliberately created
financial bubbles to shore up the economy, engender profits, and
maintain tax revenues."
http://www.rense.com/general85/chall.htm
http://www.youtube.com/watch?v=9h2x7R8pxUs&feature=related
http://www.youtube.com/watch?v=Pt4VLX96VLM
The same people who complained about the widening wealth gap now
think
the new money printing and borrowing is such a wonderful and
necessary
policy forget it helps the rich the most. The policies are intended
to
avoid depressing asset prices which has the effect of shrinking the
wealth gap. Who owns most of the assets if not the wealthy? How do
you
stop asset price deflation? By inflation. Who suffers most from
inflation? Poor people. Who benefits most from inflation? Rich people
who own assets.
Evidently change we can believe in is no change. The rich get richer
and the poor get poorer by government policy, just like always.



> >  -- Don't buy a liberal newspaper
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...
Posted: Mon Nov 02, 2009 9:05 am
Guest
On Mon, 2 Nov 2009 05:51:39 -0800 (PST), Nobel Absurdity Prize
<progressive_libertarian at (no spam) yahoo.com> wrote:

Quote:
http://finance.yahoo.com/news/CIT-files-for-Chapter-11-apf-1202955938.html?x=0&sec=topStories&pos=main&asset=&ccode=

"CIT files for Chapter 11 bankruptcy protection"

The Chapter 11 filing is one of the biggest in U.S. corporate history,
following Lehman Brothers, Washington Mutual, WorldCom and
General Motors. CIT's bankruptcy filing shows $71 billion in
finance and leasing assets against total debt of $64.9 billion.

The Marxist leftwing assault on American capitalism continues...

American capitalism gave us this disaster, moron. This is an
engineered disaster. Engineered by the right wing to destroy the
unions and middle class. Thanks for helping you toadying cocksucker.


Quote:
-

Save a tree.
-- Don't buy a liberal newspaper
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Lamont Cranston...
Posted: Mon Nov 02, 2009 10:37 am
Guest
Nobel Absurdity Prize wrote:


The recession that just ended began in December of 2007.
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Dacato...
Posted: Tue Nov 03, 2009 11:01 am
Guest
On Nov 2, 7:51am, Nobel Absurdity Prize
<progressive_libertar... at (no spam) yahoo.com> wrote:
Quote:
http://finance.yahoo.com/news/CIT-files-for-Chapter-11-apf-1202955938...

"CIT files for Chapter 11 bankruptcy protection"

The Chapter 11 filing is one of the biggest in U.S. corporate history,
following Lehman Brothers, Washington Mutual, WorldCom and
General Motors. CIT's bankruptcy filing shows $71 billion in
finance and leasing assets against total debt of $64.9 billion.

The Marxist leftwing assault on American capitalism continues...

-

Save a tree.
-- Don't buy a liberal newspaper

Please explain what this has to do with Obama and his administration.
Also, please tell us what McCain would have done differently that
would have prevented this from happening.
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