CIT's Bankruptcy Raises New Questions

by Benjamin Domenech on 8:51 am November 16, 2009

“Today, CIT is in bankruptcy court, and the taxpayers’ investment is on the brink of being wiped out. It would be the largest loss so far from the government’s massive rescue of the financial system, but it isn’t likely to be the last… Analysts expect more bailed-out firms to fail in the months ahead.”

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