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Politics : Politics for Pros- moderated
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From: alanrs11/1/2009 6:10:09 PM
2 Recommendations  Read Replies (1) of 794094
 
CIT filed for bankruptcy.

"Under the proposed prepackaged plan of reorganization, all existing common and preferred stock will be cancelled upon emergence."

$2.3 billion taxpayer investment wiped out.

My taxes at work.

ARS
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