 Times LIVE | CIT's Bankruptcy May Help Bondholders and Erase Taxpayer Stake Bloomberg Nov. 2 (Bloomberg) -- CIT Group Inc.'s decision to seek court protection probably will keep money flowing to bondholders and 1 million customers of the 101-year-old commercial lender. Shareholders and taxpayers won't be as fortunate. ... Retail faces uncertainty as CIT enters bankruptcy Creditors Back CIT's Bankruptcy CIT to file for bankruptcy protection after rescues fail |
CIT's Bankruptcy May Help Bondholders and Erase Taxpayer Stake - Bloomberg
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Monday, November 2, 2009
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