CIT files for chapter 11 bankruptcy, and here's something that will come as a complete surprise: the $2.3 billion in bail-out bucks provided to the company by
the government taxpayers is likely to be unrecoverable.
"And, Presto! Now you see it, now you don't!"
Is this crap a surprise to anyone? Even the CongressWeasels who passed out the money - or a great majority, in my (humble?) opinion - knew exactly what would happen on down the road...but that wouldn't be a good talking point on the road to reelection.
ReplyDeleteJust one more reason to fire the bums in Congress.
ReplyDeleteI think you have this all wrong. This has to be firmly in the "money saved" category. Just think how much money the taxpayer would have lost if we didn't have the smartest Treasury Secretary on the face of the earth, heck, the universe even.
ReplyDelete