CIT Bankruptcy: Taxpayers Stiffed on Company’s Bailout Billions While Execs Reap Bonuses

‘If people were pissed off about AIG’s temporary decline and permanent bonuses, CIT’s bankruptcy ought to enrage them. The
giant lender to businesses is heading for a quick in-and-out in
bankruptcy court, and when it emerges, taxpayers will be the ones who
have gotten the ol’ in-out: CIT won’t have to repay its $2.33 billion
TARP bailout.’

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