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Home > Research Archive > Illuminati > CIT Bankruptcy: Taxpayers Stiffed on Company's Bailout Billions While Execs Reap Bonuses
Friday, 06 November 2009
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.'
