Holy CIT! A massive lender files an equally massive bankruptcy | ShortFormBlog

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Posted on November 1, 2009 | tags

Older: It’s November. And it’s raining in D.C. Time to pull out this gem.

Newer: Who probably takes the worst of the bankrupt CIT? Taxpayers.

Older in Biz: Nintendo needs to do a lot to save its hide quickly

Newer in Biz: Who probably takes the worst of the bankrupt CIT? Taxpayers.

Biz: Holy CIT! A massive lender files an equally massive bankruptcy

$71 billion the amount in assets CIT Group had when it filed today; it’s the fifth-largest bankruptcy in U.S. history
$64.9 billion the amount in debts the lender, which focuses on small businesses, has; it’s trying to cut $10 billion in debt source

Posted by Ernie Smith • Permalink

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