CIT financial in heavy trouble
CIT does a lot of leasing trucks/trailers in our industry. I leased my trailer to them for somewhat decent rate given the circumstances(technically it was my first equipment purchase, and my net income is low due to the corporation).
Here's some articles:
CIT Group bonds, shares plunge - The Globe and Mail
Troubled CIT won't get bailout from Washington - The Globe and Mail
Trading halted in CIT shares - The Globe and Mail
I should call them up and see if I can pay my debts for pennies on the dollar.
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