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Lender CIT Gets Cash From Bondholders

by Jim Zarroli, NPR
July 21, 2009

The big commercial lender CIT seems to have narrowly avoided bankruptcy for now. The company confirmed that it has struck an agreement with major bondholders for a $3 billion bailout. CIT hopes the plan will give it time to restructure its debts.

Broadcast Dates

  • Morning Edition, July 21, 2009
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