CIT heads to bankruptcy

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

  1. saveliberty
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    saveliberty Diamond Member

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  2. The Rabbi
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    The Rabbi Diamond Member

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    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.
     

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