Comments on: No ‘Get Out of Jail Free’ Card for CIT http://www.senseoncents.com/2009/07/no-get-out-of-jail-free-card-for-cit/ Navigating the Economic Landscape Mon, 15 Mar 2010 02:03:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Larry Doyle http://www.senseoncents.com/2009/07/no-get-out-of-jail-free-card-for-cit/comment-page-1/#comment-3167 Larry Doyle Fri, 10 Jul 2009 20:51:20 +0000 http://www.senseoncents.com/?p=7508#comment-3167 kbdabear...thanks for sharing. This ticking, ticking, ticking is getting louder, louder, louder. Aside from the banks, the biggest holders of CMBS are the insurance companies. Both the banks and insurance companies have these holdings improperly marked and thus are sitting on billions in embedded losses. This is developing but not "new" news...it merely has not received the attention it deserves. kbdabear…thanks for sharing. This ticking, ticking, ticking is getting louder, louder, louder. Aside from the banks, the biggest holders of CMBS are the insurance companies.

Both the banks and insurance companies have these holdings improperly marked and thus are sitting on billions in embedded losses.

This is developing but not “new” news…it merely has not received the attention it deserves.

]]> By: kbdabear http://www.senseoncents.com/2009/07/no-get-out-of-jail-free-card-for-cit/comment-page-1/#comment-3166 kbdabear Fri, 10 Jul 2009 20:25:45 +0000 http://www.senseoncents.com/?p=7508#comment-3166 FYI - Bloomberg article on the CMBA ticking bomb http://www.bloomberg.com/apps/news?pid=20601087&sid=aTP9nCROB6PU Commercial Real Estate Is a ‘Time Bomb,’ Maloney Says FYI – Bloomberg article on the CMBA ticking bomb

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTP9nCROB6PU

Commercial Real Estate Is a ‘Time Bomb,’ Maloney Says

]]> By: Aaron kramer http://www.senseoncents.com/2009/07/no-get-out-of-jail-free-card-for-cit/comment-page-1/#comment-3161 Aaron kramer Fri, 10 Jul 2009 17:25:36 +0000 http://www.senseoncents.com/?p=7508#comment-3161 Of course they will push it over the edge and then the talking heads on CNBC will say "oh they are soooooooooo smart!" Of course they will push it over the edge and then the talking heads on CNBC will say “oh they are soooooooooo smart!”

]]> By: Larry Doyle http://www.senseoncents.com/2009/07/no-get-out-of-jail-free-card-for-cit/comment-page-1/#comment-3160 Larry Doyle Fri, 10 Jul 2009 17:16:56 +0000 http://www.senseoncents.com/?p=7508#comment-3160 Aaron....very, very interesting. Not surprised to hear how Goldman is positioned. In fact, given their position, perhaps they will help push CIT over the edge. ....very, very interesting. Aaron….very, very interesting. Not surprised to hear how Goldman is positioned. In fact, given their position, perhaps they will help push CIT over the edge.

….very, very interesting.

]]> By: Aaron kramer http://www.senseoncents.com/2009/07/no-get-out-of-jail-free-card-for-cit/comment-page-1/#comment-3157 Aaron kramer Fri, 10 Jul 2009 16:27:16 +0000 http://www.senseoncents.com/?p=7508#comment-3157 They will not rescue CIT because there is no union labor there and the executives did not contribute massive sums to the DNC. This will lead to a Lehman type debacle and if set off with CA's default it could be catastrophic. CIT is not a household name but it touches everything in you life from student loans to corporate credit lines. One final point a little birdie told me the Goldman has a massive long positions in CIT CDS'. They will not rescue CIT because there is no union labor there and the executives did not contribute massive sums to the DNC. This will lead to a Lehman type debacle and if set off with CA’s default it could be catastrophic. CIT is not a household name but it touches everything in you life from student loans to corporate credit lines. One final point a little birdie told me the Goldman has a massive long positions in CIT CDS’.

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