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CIT Makes Last-Minute Survival Bid

By Ilene
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CIT Makes Last-Minute Survival Bid (CIT)CIT Group

Courtesy of Joe Weisenthal at ClusterStock

CIT (CIT) isn’t quite ready to just file for bankruptcy. CNBC’s David Faber reported that the bailout-denied firm is still talking to private lenders about raising $2-$3 billion in secured debt. It would likely involve permission from regulators to move assets, around — and we wouldn’t be totally shocked if, in the event that private lenders ponied up significant cash, the government stepped in with their own additional bridge loan. We could see it happening.

The stock is off about 75%

Geithner and Obama thinking

Now Watch The CIT Backlash Begin

Government To CIT: DROP DEAD

The WORST Argument For Bailing Out CIT (Or Anyone Else) (CIT, C)

*****

Not Dark Yet

 

 

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