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Did CIT Kill Christmas?


Posted Monday, November 2, 2009 - 4:04am

The most popular day of the week to file for bankruptcy protection, troubled commercial lender CIT (CIT) once again proves, is Sunday. CIT filed for Chapter 11 on Sunday afternoon, doing so with the vast approval—some 90 percent, the Wall Street Journal reports—of its most influential debt holders.

  • Bernhard Warner is editorial director of Social Media Influence.
  • Matthew Yeomans runs Custom Communication

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