Comments on: UPDATE: CIT-go Into Bankruptcy? Yes…and American Taxpayers Likely To Lose $2.3 Billion

By: Randy Bowman

Randy Bowman — Tue, 03 Nov 2009 17:50:08 +0000

And I say, you are both right and thank God they lacked both… or we taxpayers would have had at least another $3 billion stolen from us by our Government and tossed down the proverbial rat-hole in the continued privatization of profits and socialization of losses, something we should all be raising absolute hell about.

By: Larry Doyle

Larry Doyle — Tue, 03 Nov 2009 16:47:36 +0000

Bill,

I think what CIT lacked was a significant union presence.

By: Bill

Bill — Tue, 03 Nov 2009 16:06:12 +0000

CIT obviously lacked the political connections of such as GMAC, Goldman Sachs et al.

By: Randy Bowman

Randy Bowman — Mon, 02 Nov 2009 22:02:30 +0000

Well Larry.. in that regard, I have been sensing a real “divide” amongst people in this country about the right path to take to move forward toward recovery. I am still astounded to this day to find so many who want the Government to protect them from almost everything and we know with absolute certainty that is one thing Governments almost never do. I think I have finally woken up late in this game to find that I am no longer in the majority and yes, they ARE silent as the saying goes.

The current administration is, after 10 months in office, still blaming the prior administration for their own failure to take sensible actions and appears happy to shine a false light on racism to take up the public’s attention instead of owning up to their responsibilities. I am afraid we have many more rude awakenings to experience over the next few years. Let’s hope we all muddle through somehow.

By: Larry Doyle

Larry Doyle — Mon, 02 Nov 2009 21:43:00 +0000

Randy,

Interesting that you would write these comments. I was mentioning something very similar to my better three quarters today. I also hope I am wrong. While I do sense a real sense of political unease in the country I am not so sure that people are taking actions necessary to truly become better informed and then hold pols accountable.

By: Randy Bowman

Randy Bowman — Mon, 02 Nov 2009 21:19:53 +0000

Jim.. the only area I disagree with you is with reference to Americans on the verge of a revolt tomorrow at the election polls. Do you really believe that? I think we all are going to be very disappointed to find out once again how little people will do to effectuate sensible change in their government. I would love to believe your statement is true but I have believed such things over the past decade only to find every time that it counted that they either failed to show up, or worse, they did show up and were foolishly charmed by charisma and empty speeches and once again failed to deal with the facts at hand. While I hope and even pray that you are right, my money is betting they will once again either sit idly by and continue to be plucked by chickens or else vote in people who have even less of an interest in fixing the problems we face. Let’s hope I am wrong and you are right.

By: JIM CAHILL

JIM CAHILL — Mon, 02 Nov 2009 18:11:32 +0000

I HAVE TO WONDER IF THE WIZARDS IN WASHINGTON ARE CONNECTED TO THE RUSSIAN KGB PHD PROGRAM ON HOW TO SINK THE UNITED STATES FINANCIALLY. I REFER TO MANY OF OUR SENATORS AND CONGRESSMAN AS “MODERN DAY BENEDICT ARNOLDS” WHO WILL SELL THERE SOULS TO THE HIGHEST BIDDER FOR MONEY AND POWER.

ANY ONE WITH HALF A BRAIN CAN SEE THAT THE WHOLE SYSTEM IN WASHINGTON IS CORRUPT AND I THINK AMERICANS ARE ON THE VERGE OF A REVOLT TOMORROW AT THE ELECTION POLLS.