Threads like these are great. They bring all the idiots of the forum together in one spot, which allows me to quickly add them to my ignore list.
Good day
SAN FRANCISCO (MarketWatch) -- CIT Group shares slumped more than 15% Friday as the possibility of bankruptcy loomed larger for the troubled lender.
CIT said in a regulatory filing Friday that its $3 billion lending facility with Goldman Sachs has been cut to $2.125 billion. The lender said it paid a termination fee of $285 million to Goldman, and posted another $250 million of collateral, for effectively scrapping the unused part of the facility.