Why am I not surprised? CIT group files for Ch 11 bankruptcy
The latest big bank to get on the insolvency bandwagon is CIT
WASHINGTON – After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses.
CIT made the filing in New York [...]
A Challenge to all US Citizens from Karl Denninger
I believe Karl is on the money, and I hope by posting this I will in some way help raise the awareness of more folks, and motivate them to DO something. Ive just contacted California’s Attorney General, and even though I dont expect a response, I will not stop there…next person I am emailing is [...]
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