In an Oct. 26 post to his RealMoney blog, Cramer said that the "now dangerous" situation in Synovus (SNV) is a "reminder of the precarious nature of the regional banks" and that Synovus "is beginning to look like CIT." "We can handle one CIT," he said. "We can't handle another."

i own it

The reorganization of CIT is leaving nothing for common stock shareholders -- at least in the versions I am seeing kicked around.

Because no one forced CIT (CIT) into bankruptcy, it can live to play again, and when I read in the New York Post that Paulson owns CIT debt, I realized that he's powerful enough to save this company, particularly because he is one of the investors in IndyMac and knows his way around the bottom of the debt barrel.

"CIT Group (CIT) shares were plummeting 39% to $1.35 after The Wall Street Journal reported that the embattled lender was preparing a plan that would hand control of the company to its bondholders." Read more here.

"CIT Joins Zombie Stock Dance," Aug. 28, 2009;

been very lucky, caught it on its way up when it was about 77 cents

dsf

This one is good for the brass balls crowd. They're gunna pull this one out next week but who is the one with the big wallet that can come in just under 5% ?

potential acquistion

It is a sell

May Go Bankrupt

broke

seems to be close to being own by bondholders

growth once economy improves.

Don't like banks

Weak

testing

Bad Management

jim