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  • CIT's Failure Could Threaten Financial Sector's Overall Recovery [View article]
    'Meanwhile, CIT is also rumored to be recommending that bondholders approve a pre-packaged bankruptcy plan in case the new debt-exchange doesn’t go through'

    Minimum 10% equity in the post-bankruptcy CIT to the UAW.....
    Oct 01 23:23 pm |Rating: +4 -1 |Link to Comment
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