Citi
Can CIT (CIT) Convince the U.S. That It Has the Economy By the Balls?
There has been one M.O. among companies that have received U.S. government bailouts that works. It goes something like this "We have the economy by the balls. If we go down you go down. Ha Ha! Now give us our money ...
Top 10 News Items 6/1-6/5: GM IS BANKRUPT; Jobs Report Comes in Much Better-Than-Expected; Equity Offerings Still All The Rage
Here is a recap of the top news items from this week on Wall Street:
1. The long-awaited bankruptcy of General Motors' (NYSE: GM) (OTC: GMGMQ) is finally upon us and the U.S. government will pitch in another $30 billion of taxpayer money to assist in supporting the 'New GM', or what ...
