•CIT Hit With Interest Rate More Than 25 Times Libor

I find it interest that TARP was not involved and the financial industry is working out themselves.

I wonder if TARP never happened if it would have forced the banks to work with each other
 
Quote from noob_trad3r:

I find it interest that TARP was not involved and the financial industry is working out themselves.

I wonder if TARP never happened if it would have forced the banks to work with each other
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I like your style.

(Yes, I am serious)

My admittedly cynical mind begins to drift back to the events of 6 months ago and wonder how much of the crisis was overplayed or manipulated to benefit a few, true, shrewd insiders, who I shall refer to as the doom reapers, and who are positioning themselves to own a basket of global assets for a fraction of pennies of their former cost, at the expense of many tens of millions of shareholders, bondholders and citizens.
 
I think TARP was mainly for Goldman Sachs. Paulson holds half a billion in GS equity and he did back in 2006 as treasury.

Why did you think he looked pale and paper white when begging congress and the public for TARP.

If TARP did not happen he would have been wiped out.

I would do the same in his position.
 
Quote from Martinghoul:

Actually, the "25x LIBOR" headline is complete bollox and quite misleading. You can't compares a rate on a 3yr loan with current 3M LIBOR. In reality, it's more like 8 times LIBOR.
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Exactly.

Who in their right mind would apply and extrapolate a 3-month LIBOR rate to that of a 3-year loan?

Just goes to show that the reading comprehension of the OP is quite lacking. Either that, or they don't know what LIBOR is.
 
Quote from Landis82:

Exactly.

Who in their right mind would apply and extrapolate a 3-month LIBOR rate to that of a 3-year loan?

Just goes to show that the reading comprehension of the OP is quite lacking. Either that, or they don't know what LIBOR is.
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Hey, cramping, whining bitch, that's the title of the Bloomberg article.

http://www.bloomberg.com/apps/news?...id=aiJwhWb4QleU

Email your complaint to Michael Bloomberg, and seal it with your bloody menses.

:cool:


Landis ---->
CryBaby.gif
 
Quote from ByLoSellHi:

Hey, cramping, whining bitch, that's the title of the Bloomberg article.

http://www.bloomberg.com/apps/news?...id=aiJwhWb4QleU
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And leave it to your "pea-brain" to not even QUESTION
the headline of the article.

That is why your "cut and paste" posts that "litter" ET are so utterly worthless. You take what these articles say as FACT, without even turning on your brain in the slightest.

Maybe that's because what little of a "brain" you have isn't worth even turning on? :D
 
Congratulations.

24 worthless posts already today and the market still has two more hours left before it closes . . . It's clear that you don't TRADE the markets for a living, let alone TRADE period.

Perhaps you are a "prop" poster for ET that helps Baron keep his web "activity" up for current and potential advertisers. Or perhaps you are a college kid with nothing better to do during your Summer vacation.

Either way, I think that everyone here on ET knows that you have zero credibility because you don't do any TRADING.

:)
 
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