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CIT CDOs: Lassie Come Home, The Day the Earth Stood Still, Dollars to Donuts
Who missed the 1943 Academy Award nominee movie classic tear fest set in Depression Era Yorkshire, England, starring young Elizabeth Taylor and Roddy McDowall?
Who did not feel at least a twinge as 1951/1989 galactic ambassadors (Michael Rennie/Keanu Reeves) were shot dead warning Washington DC the earth would be terminated if it did not stop building atomic weapons, destroying the environment or fighting in space?
Who saw Michael Jackson’s eloquent post-mortal plea for loving each other and saving the world with peace?
Klaatu barada nikto.
Et tu Brute?
This Is It!
Our collapsing pyramid of Ponzi debts comes home and the earth’s financial systems may be about to stand still.
The second shoe from Panic Fall 2008 perhaps dropped today, after long heroic useless measures to save $78 B CIT, which choked on its own debt.
CIT was a major financier of Dunkin Donuts and payrolls for thousands of other small businesses providing low-wage jobs in the service economy.
The end of dollars to donuts may not be a good sign.
http://www.google.com/hostednews/ap/article/ALeqM5g9GOg51bdEv_zQnuDic1VQifxhbQD9BNKAAG0
Epic Halloween Thriller graveyard collapse of the debt bubble mania may be coming soon to a financial theatre near US.
CIT implosion could sweep all global leveraged debtors into the whirlpool cesspool while drowning in IOUs, selling assets and scrambling for cash.
The official line is that CIT is manageable.
Tell that to the companies and creditors affected.
