{"id":10206,"date":"2009-11-02T12:01:19","date_gmt":"2009-11-02T19:01:19","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=10206"},"modified":"2009-11-02T12:01:19","modified_gmt":"2009-11-02T19:01:19","slug":"cit-fed-bk","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10206\/cit-fed-bk\/","title":{"rendered":"CIT + FED = BK"},"content":{"rendered":"

A few months back, as part of a Tin Foil Hat Production<\/a>, I mentioned CIT’s desperate need for funds<\/a> and the Fed’s decision not to bail them out. Why is this noteworthy? After all, I don’t believe the Fed should bail anybody<\/em> out.\u00a0 I cheer wildly to see Ford record surprising profits<\/a> while competing against the Frankenstein creation that is GM, just as I quietly root for GM’s justified demise.\u00a0 But here we are, with CIT declaring bankruptcy<\/a> and the hypocrisy is just too much.\u00a0\u00a0 Apparently, a company focused on financing small business (70% of the entire factoring business!) is not worth a bail out from the administration that claims to look for ways to spur Small Business<\/a>.\u00a0 Color me cynical, but I think CIT’s main problem was a lack of Goldman-Sach’s alumni on its board…<\/p>\n","protected":false},"excerpt":{"rendered":"

A few months back, as part of a Tin Foil Hat Production, I mentioned CIT’s desperate need for funds and the Fed’s decision not to bail them out. Why is this noteworthy? After all, I don’t believe the Fed should bail anybody out.\u00a0 I cheer wildly to see Ford record surprising profits while competing against […]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[251],"tags":[416,417],"class_list":["post-10206","post","type-post","status-publish","format-standard","hentry","category-big-mother","tag-cit","tag-goldman-sachs","no-featured-image"],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9255,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9255\/all-is-well-a-tin-foil-hat-production\/","url_meta":{"origin":10206,"position":0},"title":"All is Well… (A Tin Foil Hat Production)","author":"Sean Purcell","date":"July 21, 2009","format":false,"excerpt":"Quick check on the current status: The CBO came out with a non-partisan report showing that Health Care Reform, as it stands now, will not only fail in its main purpose of lowering health care costs - but will actually raise costs by over $1 trillion!\u00a0 Senators from both sides\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Paranoia... done with style.","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/07\/tin-foil-hat-teri.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4678,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4678\/mortgage-market-week-in-review-to-bail-or-not-to-bail\/","url_meta":{"origin":10206,"position":1},"title":"Mortgage Market Week in Review – to Bail or not to Bail?","author":"Tom Vanderwell","date":"September 26, 2008","format":false,"excerpt":"Yikes, every week it\u2019s getting more and more challenging to lay out for you what\u2019s going on in the markets.\u00a0\u00a0 Hopefully it will get easier, but I\u2019m not really sure that it will for a while.\u00a0 So what are we going to talk about this week?\u00a0\u00a0 This week it\u2019s about\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4721,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4721\/wachovia-fails-did-you-notice\/","url_meta":{"origin":10206,"position":2},"title":"Wachovia Fails… Did You Notice?","author":"Sean Purcell","date":"September 29, 2008","format":false,"excerpt":"Lost in the tsunami of bail-out failure, Wachovia gave up the ghost.\u00a0 Wachovia now joins Countrywide and WaMu as the big three option arm originators now become three of the biggest financial failures of all time.\u00a0 If this looks familiar to any posts you may have read here at BHB,\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14488,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14488\/housing-might-not-be-a-good-investment-but-its-not-a-bad-hedge-against-inflation\/","url_meta":{"origin":10206,"position":3},"title":"Housing Might Not Be a Good “Investment” But It’s Not a Bad Hedge Against Inflation","author":"Brian Brady","date":"April 26, 2011","format":false,"excerpt":"Debra and I had the good fortune to met Anthony Randazzo at a Reason Foundation dinner last week.\u00a0 Mr. Randazzo published an article today, about real estate as a \"store of value\" (which was consistent with what we've been talking about here on BloodhoundBlog). Few people will dispute that more\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14429,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14429\/when-wal-mart-has-a-gold-coin-section-in-the-jewelry-department\/","url_meta":{"origin":10206,"position":4},"title":"“When Wal-Mart has a gold coin section in the jewelry department…","author":"Brian Brady","date":"April 17, 2011","format":false,"excerpt":"...then we can start talking about a possible bubble in gold.\"--Gary North, on LewRockwell.com Gold is an investment asset. It therefore will not become popular short of an economic collapse \u2013 hyperinflation followed by a depression. The average person owns no gold coins, nor will he anytime soon. Where would\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1829,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1829\/so-if-there-has-to-be-a-bail-out\/","url_meta":{"origin":10206,"position":5},"title":"So if there has to be a bail out…","author":"Morgan Brown","date":"August 20, 2007","format":false,"excerpt":"What if Jeff and Brian are right?\u00a0 What if it is preordained in the cards that a federal bail out of Countrywide is an absolute necessity and a foregone conclusion should the behemoth lender fail?\u00a0 While Jeff certainly provides a well reasoned and thrilling John Grisham version of a Countrywide\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=10206"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10206\/revisions"}],"predecessor-version":[{"id":10208,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10206\/revisions\/10208"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=10206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=10206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=10206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}