First National Bank of Daddy??

[Guest ncm2169]

This morning:

 

CIT Group Obtains Bank Holding Company Status

 

CIT Group has obtained federal approval to convert to a bank holding company, a move that will grant it access to federal rescue funds.

 

This afternoon:

 

CIT to receive $2.33B from government program

 

Commercial financial firm CIT Group Inc. said Tuesday it received preliminary approval to obtain $2.33 billion as part of the government's $700 billion bank investment program.

 

 

Hell, since everyone and their brother is getting in on the act, I propose that we all join together and apply for approval as the First National Bank Holding Company of Daddy. After we receive the approval, we apply for Federal assistance, which we should receive by early January at the latest, given the haste with which they seem to want to shovel money. The recession has hurt the escort business also, so we ought to have no problem making our case.

 

Anyone care to guess how much cash we could get them to throw at us? And ideas how it could be spent? }(

 

(P.S. Moderators: I see this more as humor than politics, but do as you wish).