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REPORT ABUSIVE REPLY
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Message Subject
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!!!!!!!!!!!!! CIT HALTED !!!!!!!!!!!!!!! *** BANKRUPTCY by Sunday ***
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Poster Handle
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Anonymous Coward |
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Post Content
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CIT gets $1 bln line of credit from IcahnSAN FRANCISCO (MarketWatch) -- CIT Group /quotes/comstock/13*!cit/quotes/nls/cit (CIT 0.78, -0.17, -17.68%) said Friday that it got a new $1 billion line of credit from activist investor Carl Icahn. Shares of the troubled lender were halted after falling 13% to 83 cents in afternoon trading. The new credit line can be drawn by CIT on or before the end of this year. The company can still borrow from the Icahn facility if it files for bankrupcty protection from creditors, CIT added in a statement. [ link to www.marketwatch.com] Quoting: Anonymous Coward 441568Translation. "They are bankrupt, all done, but we need some lipstick for this pig. We want to keep the sheeple in the dark as long as possible )-; This would make Timmy, Bo and Barney look bad."
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