CIT (CIT, Fortune
500), a commercial finance company, is also applying to receive funds as part of the government's $700 billion bank rescue program, contingent upon being granted bank holding company status by the Fed.
My Response: Everyone has there hand in the cookie jar, so you know CIT wants one of those cookies. This is where all the companies want the banks to become holders in their company. These scams aren't fooling anyone, especially not me. Someone needs to come in and reorganize.
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