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DebtWire Reports CIT Bondholders Push For More Equity During Call

Tyler Durden's picture

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Tue, 10/06/2009 - 18:54 | 90843 bonddude
bonddude's picture

Don't they know what happens to bondholders in the "NEW" America ???

Tue, 10/06/2009 - 19:01 | 90851 Miles Kendig
Miles Kendig's picture

Unless TBTF is involved, so far.

Tue, 10/06/2009 - 19:01 | 90849 Anonymous
Anonymous's picture

Unless you're a bond from a TBTF institution. Then you're made 100% whole at taxpayer expense. The only reason Bernanke gave was "We had to, we just had to."

Tue, 10/06/2009 - 19:37 | 90878 lizzy36
lizzy36's picture

look @ who owns the bonds @ tbtf institutions.

then you will get the answer to "we had to, we just had to".

not that i agree with the answer because clearly the correct solution was for bondholders to take haircut.  of course if you are the US government and plan on issuing at least $2T in debt every year (in perpetuity as near as i can tell), you are beholden to the buyers of that debt. 

Wed, 10/07/2009 - 09:51 | 91270 Cognitive Dissonance
Cognitive Dissonance's picture

Spot on Lizzy. Or as I've heard said, follow the money.

Tue, 10/06/2009 - 19:06 | 90855 bonddude
bonddude's picture

...or the insider banks see another opportunity

to steal another financial company's book. ;-)

Tue, 10/06/2009 - 19:06 | 90856 Anonymous
Anonymous's picture

Meet the Little Bear Team


Tue, 10/06/2009 - 20:03 | 90905 AndItsGone
AndItsGone's picture

Paging Robo... paging Robo... please pick up the red courtesy phone in the lobby.

Tue, 10/06/2009 - 20:57 | 90940 ZerOhead
ZerOhead's picture

WTF !!!

You can't be f*cking serious here. Whoever gives these guys money deserves to lose it. I know you can't tell a book by it's cover but this is ridiculous...

The Olsen twins would eat these kids for breakfast.


Tue, 10/06/2009 - 21:38 | 90983 Anonymous
Anonymous's picture

Hell, I've got orders more executive management experience than all of these kids.

Hey, my conference bridge can handle enough channels, where do I sign up the Bondholders, I'll host the next one! TD, give me a call before hand, I'm sure you've got a question or two for them ;^)

Tue, 10/06/2009 - 22:49 | 91040 MinnesotaNice
MinnesotaNice's picture

ROTFLMAOWTIME...  Their pictures are hysterical... Zachary's looks like it is his senior class picture;  Jeffrey's is a picture of him sitting at his kitchen table;  and Cathryn I think is trying to look really sexy but just not quite making it...

"Zachary spent 18 months as the CFO of a Brooklyn-based catering firm, and before that he developed a proprietary enterprise software package for shoe importers"  OMG... catering and shoes are his specialties  :-)

"Cathryn Dwyre, the V.P. of Operations for Little Bear Investments, graduated from Colgate University with a dual degree in philosophy and geology."  I'm still rolling on the floor over that dual degree combo  :-)


Tue, 10/06/2009 - 22:57 | 91048 Gilgamesh
Gilgamesh's picture

That page is the ideal pictorial of bubble investing (the whole site reads like an even better picturebook; how much money do these people hande?).  It might need to be cached, for after when the 'team' is directed to this thread.

Tue, 10/06/2009 - 23:10 | 91056 MinnesotaNice
MinnesotaNice's picture

I agree that it does need to be cached... we would not want to lose this classic pictorial of what bubblemania actually created... I really can't believe their website... and I can't decide what is creating the most laughter for me:

  • that they are the principals in this 'business'
  • that they manage money that exceeds what is in their checking account
  • that they developed this website and in their judgement they thought it was professional
  • that they had to pad their 'bio' with catering, shoes, geology, and philosophy.


Tue, 10/06/2009 - 23:22 | 91063 Hephasteus
Hephasteus's picture

This combo could work.

Highheeled hiking nerdy girls with glasses looking for gushers. Just needs a porn for equity trade.

Tue, 10/06/2009 - 23:57 | 91073 MinnesotaNice
MinnesotaNice's picture

Someone is feeling clever tonight...

Wed, 10/07/2009 - 00:56 | 91109 Anonymous
Anonymous's picture

They've handled transactions worth millions of dollars and that's the best website they can throw together? I could puke on my keyboard and produce something more professional looking (come to think of it, I have).

I mean, come on, pay a couple hundred bucks for some professional headshot photos at least.

Wed, 10/07/2009 - 07:03 | 91168 Anonymous
Anonymous's picture

Give the youngsters a chance, after all they invest in "PIPES" AND "reverse mergers" both areas which are noted for involving heavy duty chicanery.

We may be looking Madoff rookie cards here

Wed, 10/07/2009 - 12:20 | 91500 Anonymous
Anonymous's picture

Or that they wouldn't just make up some bios that sounded better. That's what the Man would do.

Wed, 10/07/2009 - 01:49 | 91128 I am a Man I am...
I am a Man I am Forty's picture

Of fuck I can't take it.  This might be the funniest shit I have ever seen.  Someone is having fun right?

Love the "add me to your buddy list/ send me an IM" below their profiles.


Wed, 10/07/2009 - 08:07 | 91187 aus_punter
aus_punter's picture

i know - someone put me out of my misery and tell me it's a fake.... too fukking funny, way too funny

Wed, 10/07/2009 - 08:19 | 91192 spanish inquisition
spanish inquisition's picture

Cathryn - "Even as a child, like 5 years ago - I wondered what rocks think..so that's why I got my degree..."
Zachary - "So why do you want to work here? Oh, nice shoes by the way"
Cathryn - "Thanks! Well, in college I changed my name to highlight the Y to match my philosophy degree. And I learned that rocks don't use money.
Zachary - "OO, don't forget to try one of these canolies..my associate Jeffrey was inspired by your picture and is Sears getting one done right now. Soooo, when can you start?"

Wed, 10/07/2009 - 06:09 | 91156 Cognitive Dissonance
Cognitive Dissonance's picture

The actual picture of the "little bear" looks about as well drawn as something I drew on the back of a cocktail napkins a few years ago.

In fact, it looks exactly like the bear I drew. I'm calling my lawyer because one of these guys (let it be the girl, please, please, please) must have dumpster dived to retrieve my hand drawn bear for their corporate logo.

Yeah, that's the ticket.

Wed, 10/07/2009 - 09:42 | 91258 OrganicGeorge
OrganicGeorge's picture

Mickey Rooney and Judy Garland form an investement house.



Tue, 10/06/2009 - 19:14 | 90862 Great Depressio...
Great Depression Trader's picture

Bailout coming

Tue, 10/06/2009 - 19:34 | 90876 Anonymous
Anonymous's picture

Not sure I'd be too keen on throwing my lot with with these teddy bears. Seem a bit lite on experience...not to slight catering.

Tue, 10/06/2009 - 19:56 | 90897 Anonymous
Anonymous's picture

The Little Bear team seems like a scam.

Wed, 10/07/2009 - 12:23 | 91504 Anonymous
Anonymous's picture

I was thinking they looked like actors. But no writers are this good.

Tue, 10/06/2009 - 21:28 | 90974 Gilgamesh
Gilgamesh's picture

I know everyone was thinking it was this team (which seems to have more experience in bonds):


Tue, 10/06/2009 - 22:53 | 91045 MinnesotaNice
MinnesotaNice's picture


Wed, 10/07/2009 - 01:16 | 91075 Michael
Michael's picture

The Blog Stream Media (BSM) really seems to be commig of age these days. They are making laws agains us, and the chatter about us in the MSM these days is now a daily thing.

Wed, 10/07/2009 - 07:19 | 91175 aus_punter
aus_punter's picture

too funny - Caitlin looks fucking scary to me !!!

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