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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Bucky Katt who wrote (40457)	7/16/2009 2:41:25 AM
From: joseffy	Read Replies (1) of 48461

CIT likely to file for bankruptcy Friday By V. Phani Kumar Jul 16, 2009 HONG KONG (MarketWatch) -- CIT Group is likely to file for bankruptcy on Friday, CNBC news reported on its Web site Wednesday, citing a source close to the company. The company, which lends to small- and mid-sized U.S. businesses, was surprised at the failure of bailout talks and is pursuing a plan that is likely to include a Chapter 11 filing, the report said.

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