Archives
Did CIT Kill Christmas?
By Bernhard Warner and Matthew Yeomans
Posted Monday, November 2, 2009 - 5:04am
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.
