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Taxpayers Lose $2.3 Billion with CIT Bankruptcy
Region: United States
CIT filed for bankruptcy protection [1] on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion stake [2] in the company. CIT, which specializes in lending to small and midsiz... more
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Bailout
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Bank Failure
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Bank Failure Friday
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Bankruptcy
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Capital Purchase Program
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CIT
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