Chronicles Of Depression 2.0: #401: CIT Group
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.
The Feds better put the brakes on this bullshit ASAP.C.O.A.T. - Belief, C.O.A.T. - Money, C.O.A.T. - Politics, C.O.A.T. - Scams, Depression 2.0