Internet Anthropologist Think Tank: CIT files bankruptcy, tax payers to loose Bilions

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    Monday, November 02, 2009

    CIT files bankruptcy, tax payers to loose Bilions



    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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