November 1st, 2009 
Uncle Sam The long anticipated BK of CIT has finally arrived – and WE are going to EAT the bailout money!!
Next week should be a hell of a ride….”…
New York-based CIT listed $71 billion in assets and $64.9 billion in debt in a Chapter 11 filing in U.S. Bankruptcy Court for the Southern District of New York. None of its operating subsidiaries, including CIT Bank, a Utah-based bank, were included in the filing, and operations will proceed as normal, CIT said in a statement…”
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