Cit Grp. Pfd A (fka CIT-A)

[Apophis]

CIT recieved 4 billion in tax payers TARP money and this is being closely watched by washington. The government did not just hand out this money, companies had to sign for it. They have the right to step in and fire SR management and be entitled to 75% of the common stock. The media will go ballistic if the Gov. pfd gets nothing for its shares.