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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Horrible news.

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.

hmmmmmmm

Thank you Obama?

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

cool story bro.....

No.... thank you George Dubya...