CIT: On the Verge of Failure, What Now?
Posted on July 16th, 2009 by Student Loan News
Overnight discussions broke down between the government and CIT. Now it appears CIT could be forced into bankruptcy, the government will lose its $2.3 billion dollar TARP investment and hundreds of thousands of small businesses will be negatively impacted. The ramifications could be tremendous. I have focused on the story all week and I believe with good reason. There are several reasons why: 1. This affects the bread and butter of this economy, the small business owner. I do not believe this
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