Is china to blame for the current situation of CIT?

They say its the oldest lender in the Country of 101 years lending to business's, but with the Economy the way it is at no time in the history of the financial industry have banks been lending fewer amounts of business and personal loans in history. No one wants to lend because everyone is protecting what few beans they have right now. You have to laugh at the banking industry, look at all these small financial institutions that have less than 1 million and staff (lets say 20 or less) that have to pay their people investing with these micro financial amounts. Yes its very funny indeed. Lets say you manage a bank and you have a whopping 1 million in Liquidity combining all your savings accounts since its the only income you can rely on as being stable and even those are getting fewer and farther between. But you can always count on some seniors somewhere having nest eggs to protect. So now you have to make lets say 44 thousand a month with 1 million dollars capital.

Are you laughing yet? I know I am did you get my 1.2 trillion yet? What about the 80 grand I sent you. Silly isn't it, it just can't be done, the whole concept of the banking industry is ridiculous, after all no matter what your wealth is , it is only going to go one way, and that's down in today's market.

So bankers are professional gamblers? I would think that its a industry based on 90% fraud and make believe, since no one could possibly be that lucky, however people still have to be paid and the money has to come from somewhere. Their is always a black hole account somewhere paying the bills monthly with no economic reality to the money being spent , sure its illegal but since every bank in existence does it and the chances of your paycheck itself coming from one of these dark wells is almost a guarantee.

Nothing is profitable anymore, and the numbers have no value, I say keep your money real and you numbers legitimate. But this would involve banks taking out large loans with the Central Banking system probably quarterly just to pay staff.

After all you can't make a living gambling, god knows I have tried. I blame china at 2.15 cents a share in SIRI 4 or so years ago their to blame, but now their debts have been transfered to canada's 3rd largest bank.