CIT exposure

Word is that some of the big retailers are already notifying vendors that they will assist in financing the holiday buys. This is a BIG issue. CIT needs more cash to finance lines and players like Urban Outfitters have major exposure from smaller suppliers like CIT type customers.

Cant help but weigh in. I thought I had a clunker but it got to many MPG. But just heard junkman tell me he crushed a 2002 Hummer in perfectly good shape with 34,000 miles. The guy traded it in for a 2009 Hummer and says he is trying to sell it $2000 below sticker for a $1500 profit. Only in America.