Sunday, November 01, 2009

CIT Files for Bankruptcy

Kiss that $2.3 billion taxpayer bailout extended by Bush and Paulson to CIT late last year good bye, which is more than likely to occur in bankruptcy.

Where is the public outcry? Then again, maybe they just don't have a clue on what is happening to them. I am beginning to believe that we have educated a generation of individuals that are completely illiterate when it comes to economics and finance.

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