I know. You want to know about CIT. The other Halloween story. Ok. As they are busy counting votes from last night, there is no answer. Bloomberg thinks the CDS market is signaling a pre-pack bankruptcy. Read that here. I expect some kind of trickle of more definitive news on that topic will appear over the weekend, making for a bit of a halloween hangover on Monday marketwise...
Oh - and by the way - this just in - on Goldman and CIT . The one billion dollar payoff has been modified. Tell me more.
I feel like Martha Stewart this morning with this heady mix of domesticity and finance info. An old friend of mine was the infamous whistle blower on dear Martha. He then went on to work for an art dealer at a gallery I used to be represented by. He was promptly fired for his honesty. Here is a story about the gallery here.
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