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Reply #9: Like I posted in the Economics forum, this is going to be REALLY BAD... [View All]

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Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-19-09 12:52 PM
Response to Original message
9. Like I posted in the Economics forum, this is going to be REALLY BAD...
...for lots of small and medium-sized businesses. :(
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  -Retail Stores May Not be Able to Get Product...Retailers are fearful of a CIT bankruptcy lib2DaBone  Jul-19-09 10:19 AM   #0 
  - Maybe read as  dipsydoodle   Jul-19-09 10:22 AM   #1 
  - What the UN is about to predict...  SpiralHawk   Jul-19-09 10:26 AM   #2 
  - Good article. I guess loss of Xmas isn't so bad...  lib2DaBone   Jul-19-09 11:18 AM   #4 
  - was CIT involved in the current melt down?  xchrom   Jul-19-09 11:16 AM   #3 
  - I don't think they were...not sure...  lib2DaBone   Jul-19-09 11:25 AM   #5 
  - The entire system built up starting in the 50s is in collapse  abumbyanyothername   Jul-19-09 11:28 AM   #6 
  - Wow. You actually get it. Kudos. n/t  galileoreloaded   Jul-19-09 12:57 PM   #11 
  - The weak retailers should go out of business  FarCenter   Jul-19-09 12:12 PM   #7 
  - Yeah, less Ma-n-Pa local companies and more Wall-Mart suckage, that's the right answer!  Odin2005   Jul-19-09 12:54 PM   #10 
  - tell that shit to the 11 million unemployed  onethatcares   Jul-19-09 01:03 PM   #14 
     - No, I don't work for the orange box  FarCenter   Jul-19-09 01:31 PM   #18 
        - none of that works if the people you're pitching to don't have jobs  onethatcares   Jul-19-09 02:16 PM   #20 
           - So your'd rather prop up CIT? Run by one of the bigger slime-balls on Wall Street?  FarCenter   Jul-19-09 02:30 PM   #21 
              - he's just a run of the mill slimeball, & only been there since about 2004.  Hannah Bell   Jul-19-09 02:38 PM   #22 
                 - Neither JPM or GS needed saving -- they were on the right side of the derivatives bets  FarCenter   Jul-19-09 03:03 PM   #24 
                 - sure they did, & no they weren't. they've got plenty of bad shit booked  Hannah Bell   Jul-19-09 07:53 PM   #26 
                 - See also "Confessions of a TARP Wife"  FarCenter   Jul-19-09 03:12 PM   #25 
                    - saw it before. i don't see anything unique there.  Hannah Bell   Jul-19-09 08:19 PM   #27 
  - Thanks for posting this.  dgibby   Jul-19-09 12:12 PM   #8 
  - Like I posted in the Economics forum, this is going to be REALLY BAD...  Odin2005   Jul-19-09 12:52 PM   #9 
  - oh, i thought you said it was cit's fault for refusing to follow the admin's rules.  Hannah Bell   Jul-19-09 12:59 PM   #12 
  - American Express has already wiped out large numbers of small business  SmileyRose   Jul-19-09 01:06 PM   #17 
  - the fucking holiday season???? is that the one  onethatcares   Jul-19-09 01:00 PM   #13 
  - maybe they're just laying the groundwork to explain away what will likely be DISMAL holiday sales.  dysfunctional press   Jul-19-09 01:03 PM   #15 
  - What, we won't be able to CONSUME!  sarcasmo   Jul-19-09 01:05 PM   #16 
  - yes, we should all be in rags working organic farms.  Hannah Bell   Jul-19-09 02:39 PM   #23 
  - Whoo HOOOOOOOO  Confusious   Jul-19-09 02:02 PM   #19 
 

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