CIT heads to bankruptcy

Discussion in 'Economy' started by saveliberty, Nov 2, 2009.

  1. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    50,015
    Thanks Received:
    7,306
    Trophy Points:
    1,830
    Ratings:
    +30,881
  2. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,629
    Thanks Received:
    7,823
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,229
    CIT was headed down this road a long time ago. I remember when they bought GreenTree financial. They paid something like $1B for it and a few years later wrote down the acquisition to zero. This had to be 10 years ago.
     

Share This Page