Replies to post #1991 on CIT Group, Inc. New Common (CIT)

[ToyotaMR2s]

this sounds interesting though...from Reuters Pr "Most bondholders will also end up with new CIT debt whose face value is about 70% of the face value of their old debt. Preferred shareholders, including the U.S. government, will get money only after lenders are paid back. The U.S. Treasury acknowledged it will likely end up with little. "