Wednesday, July 15, 2009
Another big spray of weedkiller!!
"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.