Quote:
Originally Posted by NorthernSantuary
Are they struggling for a bail-out because they are a commercial US lender as opposed to an investment bank?
How many bailouts do they want? I thought they got that before ?
But the bankruptcy is normally to give some time for the company to restructure their business so that it can come up with a new business plan to become profitable again without their creditors breaking the door down. The alternative is to close up shop.
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CIT Group got one before? It's all a blur to me; I can't keep up with it...
