5th Largest bankrputcy in history, CIT goes under
source: http://rawstory.com/2009/11/small-business-lender-cit-declares-bankruptcy/
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- bansheewail
- added this
In the Chapter 11 filing with the US Bankruptcy Court in Manhattan, the 101-year-old company reported total assets of 71 billion dollars and liabilities of nearly 65 billion, making the bankruptcy the fifth largest in US history, behind Lehman Brothers, Washington Mutual, WorldCom and General Motors.
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bt423
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I thought they were too big to fail! Who's next? scank of america, wells fargo, the american people.........have to wait and see
- 2 years ago
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bt423
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bansheewail
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I guess, if it's 101 years old, it get's more difficult to stimulate.
- 2 years ago
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bansheewail
