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Archive for November, 2009


Thank You Veterans – All American Heroes 0

Posted on November 09, 2009 by Nick

There’s nothing in this world you could be given for your courage to have stood stand ready in defense of of real American freedom. Veteran’s Day is just 1 out of the 365 days annually that all millitary veterans are saluted not only in the United States but worldwide.

Living with the mother-in-law 0

Posted on November 09, 2009 by Nick

How could she be granted her freedom when she’s still living with her mother. When his mother-in-law’s around, there’s no such thing as privacy. They are two married adults and he allowed her to bring her mother into the house to live. WOW! what a big mistake he made? Although he knew he married an only child, his good friend advised him not to oversympathize when considering whether or not to allow her into their lives like that. When two young people are married, they need to be given a chance to strengthen their relationship.

CIT Group Files for Chapter 11 Bankruptcy Protection 0

Posted on November 01, 2009 by Nick

WASHINGTON (AP) — After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses.

One of the worst news or the least you want to hear from a company your holding shares or call options of. Of course I did make many attempts to sell all my 65 option contracts but there were no buyers. I’m slowly learning to trade the hard way. My total loss for this bad trade is about $800 on margin.

CIT made the filing in New York bankruptcy court Sunday, after a debt-exchange offer to bondholders failed. CIT said in a statement that its bondholders overwhelmingly opted for a prepackaged reorganization plan which will reduce total debt by $10 billion while allowing the company to continue to do business.



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