CitIsNearBankruptcy posts
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What is CIT Group Inc. (NYSE CIT)? and why is it near bankruptcy? CIT is a century old lender to about 760 manufacturing clients and 300,000 retailers. CIT also owns a bank holding company which received $2.3 billion dollars last year under the TALF program.
Now the firm is in financial trouble. A key sticking point is that the FDIC will not allow the lender into its bond guarantee program created last year to unfreeze debt markets. This according to a Bloomberg news release.
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 107 | 0 |
| 2 | Tom Johansmeyer | 98 | 3 |
| 3 | Connie Madon | 50 | 0 |
| 4 | Steven Mallas | 43 | 0 |
| 5 | Mark Fightmaster | 42 | 0 |
| 6 | Tom Taulli | 40 | 0 |
| 7 | Steven Halpern | 31 | 0 |
| 8 | Trey Thoelcke | 29 | 0 |
| 9 | Melly Alazraki | 26 | 0 |
| 10 | Zac Bissonnette | 24 | 0 |
| 11 | Paul Foster | 24 | 0 |
| 12 | Brian White | 22 | 0 |
| 13 | Jim Cramer | 21 | 0 |
| 14 | Brent Archer | 21 | 0 |
| 15 | Jon Ogg | 21 | 0 |
| 16 | Elizabeth Harrow | 18 | 0 |
| 17 | Eric Buscemi | 17 | 0 |
| 18 | Sheldon Liber | 13 | 0 |
| 19 | Beth Gaston Moon | 8 | 0 |
| 20 | Michael Fowlkes | 8 | 0 |
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