On 4 October 2009 the FT reported that "Goldman Sachs stands to receive a payment of $1bn – while US taxpayers would lose $2.3bn – if embattled commercial lender CIT files for Chapter 11 bankruptcy protection".
It appears that it is in Goldman Sachs interest that CIT files for Chapter 11.
Without making or implying any judgment or even suggestions on Goldman’s investment strategy and tactics with respect of CIT, readers are invited to revisit articles: "How to make money?" and "The government must get a grip on large private investors".
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