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Nov 02 2009

Geithner "Burned Billions," Shafted Taxpayers on CIT Loan, Prof. Bill Black Says

Posted by: yahootechticker in Yahoo Tech Ticker

Another one of the nation’s largest lenders has filed for bankruptcy.  On the brink for months, CIT filed for Chapter 11 protection on Sunday. The prepackaged plan allows CIT to restructure its debt while trying to keep badly needed
loans flowing to

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