The fifth largest bankruptcy in USA isn’t a news item anymore is understandable.
By Daniel at 3 November, 2009, 10:10 am
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because Alpha Financial Products has issued a warning that its managed income notes could be affected by the bankruptcy of US based CIT Group.
“CIT is a reference entity in both the capital portfolio and income portfolio for the Alpha Notes Series 1,” company secretary Stuart Palmer informed the Australian Securities Exchange this morning.
“The developments affecting CIT are expected to result in a credit event.”
CIT filed for bankruptcy on Friday after it was unable to secure ongoing financing.
The London market should have been down yesterday but as always they manage to pump it up with other peoples money to offset what they new was coming today!! Totally corrupt totally manipulated. And any one who reads between the lines can see their will be more job losses and this BS will continue for several more years. It’s a bit like a vampire with a direct feed to main street.
The sooner the people wake up and call for these puppet led Governments to be removed the better! One more thing if we are going to continue to have to put up with cloning, then lets have a few more Ron Paul’s if you please.
Many in EUROPE will follow Alpha.
- Kimmy
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