Taxpayers are, once again, the biggest losers in the CIT bankruptcy

You can't be serious with that question. Our elected officials, once again, put it to us (the taxpayers). Why don't we just say NO to their restructuring and force them to sell assets, this would give us some of our money back. Don't say the economy will fail if they go under, this is just more B.S.

Just think - if the John Q Taxpayer would have ponied up another infusion of taxpayer money as sought by CIT to keep it afloat, bond holders may well be getting 99 or 100 cents on the dollar to the taxpayers zip. We the people should demand that the regulatory process through bankruptcy be turned into such a nightmare that it drags on for many years. Unless we make an example now out of CIT that screwing over the taxpayer is not the best route, others will follow this same example of pure treachery.

signed

Screwed by fat cats yet again.

This development further substantiates that "Big business" is too big for governance. Every company has a lifespan, a sunrise and a sunset. Can you think of an exception?
After massive consolidation, entire governments are destabilized and economies are wiped out when returns tumble. This is a new force upon market stability, and the taxpayer can't endure more pressure without having the pressure crush the system altogether. Public healthcare alone will bury the US alive. The health-care package being decided by Congress MAY be granted but will be revoked in piecemeal afterward, due to funding shortfalls in the future. So if you support Obama's health package you will be taxed, and when you get sick in 10 or 15 years, the program will have been canceled.
This is not the old Soviet Union, or even Russia. Russia's bill for downed investments is being passed along to taxpayers in foreign countries in Europe and the United States. They have the taste of blood now. Very Big Business and its monster interests do not benefit the individual but instead prey on them for survival. CIT is only the latest example. None of us can survive this third-party onslaught, conveniently caused by holes of unaccountability.

I watched your viral video, Mark. Bank robbers dressed in suits. On both sides of the desk.

Cute production!

CIT Rape the stock holder's of BILLIONS and bent the Tax Payers over the table to. The Court's need to make CIT pay back every penny to anyone who lost money or send the people who did this to JAIL with Burnie Madoff.

CIT Now adds to the pain of not only ripping off so many stock holder's for 10's of Billions, Plus the Tax payers for Billions. It seem that be hind the closed doors of CIT all the employees that held the old stock, are being paid in full for this so called old stock. Can some one tell me where is the S.E.C. with all this DIRTY Dealing thats going on and why is it that we are not being paid back? This is flat out wrong and some one at the S.E.C needs to get off there lazy but and do something, like start sending some top people to GAIL. You let Gail time get brought into the picture and watch how fast people start getting paid back.

CIT is doing what CIT thinks its best for CIT. It does not care about the US Taxpayers nor does it care about its investors... All CIT wants is the illusion that it is needed in the economy of small to medium size business.

Hey, they played us and will continue to do so. So, what I say to that...... ITS OUR FAULT FOR BEING STUPID!

Go CIT!! Go with your bad self!!!!! You definately checked mate us...the US taxpayers.