Sunday, Nov 01, 2009

The Credit Crunch

Reuters: CIT failure to leave small businesses floundering

CIT filed for bankruptcy protection on Sunday, and said its creditors have already approved the century-old commercial lender's reorganization plan.
But the company's long-term prospects are uncertain and the bankruptcy could leave more than one million small and medium-sized businesses looking for another source of funding, lawyers said.

Posted by devo @ 10:16 PM (576 views)
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