CIT's recent bankruptcy filing represents the 5th largest bankruptcy in US history with $71 billion in total assets on the books. CIT is a critical lender to retailers for inventory - especially around the holidays. Since CIT was only slightly smaller than GM and was larger than Chrysler it makes you wonder why it didn't warrant an Obama bailout...maybe because there are no unions working at CIT. You decide....
CIT Files Bankruptcy, and Retailers Get Nervous - Local News | News Articles | National News | US News - FOXNews.com
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