What's that old saying; "If you owe the bank a million, they own you, if you owe the bank a hundred million, you own the bank." Thain plays in a bigger pool than the rest of us and understands that even when you fail miserably, at his level the rewards are still huge. He has gotten very rich by failing miserable at a very high level. What I don't understand is why CIT hired him ? The BOD of CIT has got to be incompetent.