Well Gosh, We Know They Can Afford It

Tyler over at Zero Hedge is reporting the Wonder Twins, Goldman Sachs and JP Morgan Chase, are bailing out CIT Group.

Frist thing that went though my mind: the immortal words of Christopher Lloyd as Judge Doom in Who Framed Roger Rabbit, "You see, I bought the Red Car to dismantle it."

...CNBC has the story now.

CIT Group is in talks with JPMorgan Chase and Goldman Sachs Group for short-term financing of $2 billion to $3 billion as the lender looks for ways to avoid a potential bankruptcy, a source close to the company told Reuters.

CIT is still in talks with bondholders for a debt-to-equity swap, the source said.

One potential scenario before CIT is also a sale of some assets to raise capital, the source said.

And speaking of reasons to hate Goldman Sachs...

Even Taibbi was impressed by teh haet.