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Talc Moan

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Talc Moan

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Sunday, 11/01/2009 5:13:14 PM

Sunday, November 01, 2009 5:13:14 PM

Post# of 58465
CIT files BR and wipes out all Current SHareHolders,

And of course us taxpayers eat the bill


http://news.yahoo.com/s/ap/20091101/ap_on_bi_ge/us_cit_group_bankruptcy





CIT's move will wipe out current holders of its common and preferred stock, likely meaning the U.S. government will lose the $2.3 billion it sunk into CIT last year to prop up the ailing company.
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