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Old 11-01-2009, 06:13 PM   #1
L-Pink
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Another major US bankruptcy!

CIT Group files for chapter 11. Major lender for small and mid-size businesses.

Analysts warned that the bankruptcy could add to the uncertainty around loans for the nation's small businesses, especially retailers, which make up a significant portion of CIT's clients and are already struggling with tight credit markets.

http://finance.yahoo.com/news/CIT-fi...sset= &ccode=


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Old 11-01-2009, 06:18 PM   #2
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Horrible news.
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Old 11-01-2009, 06:19 PM   #3
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That isn't anything... At least they aren't failing and are attempting to restructure their debt. You must be thinking of banks that actually fail as 9 did a couple of days ago.

http://money.cnn.com/2009/10/30/news...ion=2009103023

That makes a total of 115 banks for 2009 that failed and just went away or were consumed.
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Old 11-01-2009, 06:21 PM   #4
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hmmmmmmm
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Old 11-01-2009, 06:36 PM   #5
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Thank you Obama?
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Old 11-01-2009, 06:36 PM   #6
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scared me thought this was C


inregards to the thread, adapt or die, its a good thing the banks are failing as other things will come in to take place
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Old 11-01-2009, 06:44 PM   #7
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Thank you Obama?
cool story bro.....
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Old 11-01-2009, 06:47 PM   #8
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Thank you Obama?
No.... thank you George Dubya...
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