CIT Group Files Bankruptcy
by TexasGOPVote on November 2, 2009 at 11:34 AM
the 101-year-old commercial lender that saw its funding dry up in the credit crunch, filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout.
That stimulus bill really seems to be working...
Source: Bloomberg News
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