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For the uneducated clowns:
CIT declares bankruptcy. The facts: -CIT has $71 billion of assets and $64.9 billion of debt. -creditors will end up owning the company -bondholders will end up with new CIT debt whose face value is about 70 percent of the face value of their old debt -Common stock shareholders get nothing. ------------------------- That's the way it works. So how much is that real estate worth? Rating :
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Bankruptcy 101 - CIT
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ex_sll_tier |
 
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2-Nov-09 10:48 pm | ||
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yeah, you're really qualified to teach Posters on ...
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ddsbird |
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3-Nov-09 09:14 am | ||
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>I got my DDT Interest today...
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ex_sll_tier |
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4-Nov-09 05:09 pm | ||
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Thanks for the heads up on what happens during CH1...
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willy_the_w... | Rate it | 7-Nov-09 06:51 am |
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