Chronicles Of Depression 2.0: #401: CIT Group

CIT Group seeks bank holding company status

NEW YORK (AP) — CIT Group is applying to the Federal Reserve to become a bank holding company.

CIT, a commercial finance company, is also applying to receive funds as part of the government’s $700 billion bank rescue program, contingent upon being granted bank holding company status by the Fed.

Enough!

The Feds better put the brakes on this bullshit ASAP.

Explore posts in the same categories: C.O.A.T. - Belief, C.O.A.T. - Money, C.O.A.T. - Politics, C.O.A.T. - Scams, Depression 2.0

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