Comments on: CIT = more bad news for small business http://blogs.reuters.com/small-business/2009/11/02/cit-more-bad-news-for-small-business/ Grow your own Thu, 26 Mar 2015 12:32:24 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Heather http://blogs.reuters.com/small-business/2009/11/02/cit-more-bad-news-for-small-business/comment-page-1/#comment-1168 Tue, 03 Nov 2009 16:07:58 +0000 http://blogs.reuters.com/small-business/?p=1450#comment-1168 Anybody who didn’t see this coming over the past two years had blinders on. Between the CEO’s careless management of the company to the SBL division that would provide a loan if you could breath it is no wonder that CIT is in this situation. In an economy where even the most well run, conservative banks are struggling with their loan portfolios its no wonder that CIT is failing. I’m sick at the loss of the taxpayer’s money but why would you allow a company to form a bank holding company then receive TARP funds a couple months later….sounds like a poor credit decision on the part of the government. Unfortunately the losers here will be the taxpayers and small businesses. Shame on you CIT and the Federal Government.

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By: cfeld http://blogs.reuters.com/small-business/2009/11/02/cit-more-bad-news-for-small-business/comment-page-1/#comment-1165 Tue, 03 Nov 2009 12:26:04 +0000 http://blogs.reuters.com/small-business/?p=1450#comment-1165 Being squeezed by underwriters to pay back high percentage of loan, within year. Not exactly easy to do when business is slowed. Can be done, but cash flow suffers.

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By: Joseph Gardiner http://blogs.reuters.com/small-business/2009/11/02/cit-more-bad-news-for-small-business/comment-page-1/#comment-1145 Mon, 02 Nov 2009 22:07:06 +0000 http://blogs.reuters.com/small-business/?p=1450#comment-1145 How will this affect the stock price ? will it ever go back to $1.00

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