Zero Hedge:
How many times can one of the world’s worst-managed and toxic-laden companies be on the verge of bankruptcy? As long as Obama is president, one could answer “in perpetuity” although CIT may finally be on its last breath. The WSJ is out with this stunner:
The fate of CIT Group Inc. was hanging in the [...]
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CIT Offers Debt Exchange, Draws Up Bankruptcy Plans
(Money Morning, 10/3/09)
Jim Cramer Badly Burned on CIT Call: Stock Crashes, Straddles in Play
(Shocked Investor, 9/30/09)
CIT Rescue Shows Credit Isn’t Dead
(Investment U, 7/20/09)