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CIT's Bankruptcy May Help Bondholders and Erase Taxpayer Stake


Business  (tags: business, CIT Group, government, news, bankruptcy, corporate, dishonesty, usa, economy )

Cal
- 22 days ago - bloomberg.com
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.
Comments

Susan T. (10)
Monday November 2, 2009, 1:57 pm
Oh well! There is no sure thing in this world!
 

Chaz Gaily Berlusconi (250)
Tuesday November 3, 2009, 9:25 am
Thannxxx Cal... one never knows who will get to feed off the carcass... and who will get to have the crumbs...
 
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