Speaking of musical chairs...this just in...at least I just saw this after posting a bit about my predictions for the financial markets, with a bit of history of my own personal experiences.

But musicians, don't worry! Unless you've got some investments in stocks and bonds...or money in those "shakey" thrifts!!!!!!!!!!!!!.....

Remember what the band played on the submerging Titanic....????????,,,,

,,,,,,"Casey would WALTZ with the Strawberry Blond...AND, THE BAND---PLAYED---ON!!" ...... ta ta de dum...de....twiddle...de...deee....."

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NEW YORK (CNNMoney.com) -- CIT Group Inc., one of the nation's leading funders of small and medium-sized businesses, filed for the fifth largest bankruptcy by assets in U.S. history Sunday as part of a reorganization plan that has the support of an overwhelming majority of debtholders.

In a statement, the company said it is asking the U.S. Bankruptcy Court for the Southern District of New York for a quick approval of the prepackaged plan. CIT said none of its operating subsidiaries would be affected by the filing, allowing them to continue operations.

"The decision to proceed with our plan of reorganization will allow CIT to continue to provide funding to our small business and middle market customers, two sectors that remain vitally important to the U.S. economy," said CIT (CIT, Fortune 500) chairman Jeffrey M. Peek.

In the bankruptcy filing, CIT said it had $71 billion in assets and $64.9 billion in liabilities. Only Lehman Brothers, Washington Mutual, Worldcom and General Motors had more in assets when they filed for protection.
CIT’s filing will test whether a financial company can survive the Chapter 11 process. Bankruptcy has long been considered a death knell for lenders, whose very existence depends on the confidence of its creditors and customers. The $2.3 billion in taxpayer money spent to save CIT Group Inc. is likely to be wiped out, as the lender prepares to file for bankruptcy protection in a high-stakes restructuring plan aimed at keeping the firm in business.

"CIT shares were trading at 64 cents after hours Friday, having closing at 72 cents during regular trading hours. The stock traded above $60 as recently as 2007."
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G-DADDY'S COMMENT, FOR WHAT IT'S WORTH..... What's that song....???
"I felt the earth shake under my feet
I felt the world...A-tum-ble-in' down...tum-ble-in down....!!!"



Yamaha...Motif ES-8, Motif Rack, CS6X
Korg...Karma,Triton Classic, PA-80, M-1+
AkaiSampler-S5000, Roland.. X5080 Rack/G-1000 Arranger
Various Guitars/Basses Amps Pedals Rec.Equip.


Plus, BIAB 2015 and Sonar Platinum 2015 Upgrade from Cakewalk's Sonar X-3