Before accepting its pricey $3B rescue from bondholders, CIT Group (NYSE:CIT) reportedly...

Before accepting its pricey $3B rescue from bondholders, CIT Group (NYSE:CIT) reportedly rejected an offer from GE (NYSE:GE) for $2B in senior secured loans backed by aircraft. The GE offer was cheaper and required fewer assets, but the deal structure meant cash wouldn't be available until July 31.