Financial Accuracy

Another stock, cit, has a bleak outlook today. Beware of the bankruptcy bound stocks. It seems to be the fear of most investors the last few weeks. Today, cit, a financial bank hoding company, has had their shares halted today. Yep, just like GMGMQ. The fear is that they will be heading to bankruptcy incase there is some sort of miracle.

Cit has been a rather popular stock and has a good name behind them, but during these financially bleak times, it appears that they will be drowning. Rumor is that they are searching frantically for lenders, bankers, investors, anyone to help bail them out. The reported amount that woul be needed, $3 billion. Let’s hope for the best and remember, beware of the bankruptcy bound companies.