InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,626.02
(
0.54%
)
US TECH 100
18,986.40
(
0.30%
)
Dow Jones
41,393.78
(
0.72%
)
Brent Oil
71.49
(
0.14%
)
Bitcoin
58,786.42
(
-0.66%
)
Post# of 160314
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

BUDDIEE18

Send PM Follow Ignore
Followers 54
Posts 13444
Boards Moderated 1
Alias Born 06/18/2009

BUDDIEE18

Re: BUDDIEE18 post# 46993

Wednesday, 07/15/2009 8:34:54 PM

Wednesday, July 15, 2009 8:34:54 PM

Post# of 160314
US Treasury official: aid would not solve CIT woes
24 minutes ago - Reuters
WASHINGTON, July 15 (Reuters) - The U.S. Treasury and other federal agencies explored several aid solutions to rescue CIT Group Inc from collapse, but the liquidity situation of the small-business lender had deteriorated to the point where these became unworkable, a Treasury official said on Wednesday.

The official told Reuters that a bankruptcy filing was not a foregone conclusion for CIT (CIT)and other restructuring options may be considered, but the Treasury believes a failure of the firm would not be devastating to markets and smaller companies. (Reporting by David Lawder; Editing by Gary Hill)

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up