Wednesday, July 15, 2009

Another big spray of weedkiller!!

How to respond to distress signals at a big lender to small businesses

"As the bridge between Wall Street and Main Street, CIT remains one of the few significant sources of liquidity for small and mid-sized businesses who are struggling to survive in today's challenging environment," CEO Jeffrey Peek said in a statement last November, when CIT applied with the Fed to become a bank holding company. Now, it seems, CIT is struggling to survive as well.

Posted by mark @ 09:15 AM (626 views)
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