CIT Shares Trading at 25 Cents

U.S. Quarter - 25 Cents USD

Got a quarter?  You're in luck, you can buy one share of CIT Group (NYSE:CIT).  CIT shares are down 63% today and doomed thanks to the company's filing for the 5th largest U.S. bankruptcy yesterday.

CIT files for 5th largest US bankruptcy

CIT Group Inc. (NYSE:CIT)

Monday's trading should be interesting, CIT (NYSE:CIT) goes down for the count this weekend.  In the bankruptcy filing, CIT said it had $71 billion in assets and $64.9 billion in liabilities.  Shares of CIT will be worthless come Monday.

Goldman will Cash in if CIT goes Chapter 11

Goldman Sachs Evil (NYSE:GS)

Goldman Sachs Group Inc. (NYSE:GS) could rake in $1 billion if CIT Group Inc. (NYSE:CIT) goes belly up, care to place a wager?

NIKKEI 225 Starts Friday Down 2.47%

China Stocks Falling

Thursday the Dow Jones finished down 200 points, the trend is continuing this morning in Asia as the NIKKEI 225 fell 2.47%. The MSCI Asia Pacific Index is set for its biggest weekly decline in more than a month as a Bank of Japan survey showed companies planned to further cut investment, while U.S. economic data missed economist estimates.

CIT Comes Crashing Down

CIT Group Inc. (NYSE:CIT)

Stocks are losing ground today, and leading that charge is CIT Group Inc. (NYSE:CIT) on heavy volume.  Its downward slide started yesterday, gapping down

CIT Group Shares Up 31% then Down 27% After-Hours

CIT Group Inc. (NYSE:CIT)

CIT Group Inc. (NYSE:CIT) shares went on a tear today up 31% only to fall 27% after-hours, day traders may have been caught in a trap if the company goes Chapter 11.

CIT and its Future

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Taking Issue with David Dreman

David Dreman

I am troubled by Mr. Dreman in this one...

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