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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (525424)11/3/2009 12:06:35 AM
From: tejek  Read Replies (1) | Respond to of 1578422
 
Who is Professor Black and why should I listen to what he says?



To: Jim McMannis who wrote (525424)11/3/2009 12:56:11 AM
From: bentway1 Recommendation  Respond to of 1578422
 
"The prepackaged plan allows CIT to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses. The plan keeps CIT's operations alive and makes it possible for the company to exit bankruptcy by year's end."

Kind of self-explanatory, isn't it Jim? Black seems to be evaluating it as a dumb business deal, when it's really part of the economic stimulus. I heard on the radio today that one of the businesses that depend on CIT for loans to carry it's daily operations is Dunkin' Doughnuts.