CIT/Goldman have reached an agreement on…

CIT/Goldman have reached an agreement on how to resolve the $1 billion payment to GS in the event CIT files for bankruptcy, according to the Wall Street Journal. The apparent fact that this was in active negotiations today points strongly to an outcome of bankruptcy. The original debt for equity deal didn’t fly and the “sweetened” deal expires in about a week

About Art Stone

I'm the guy who used to run StreamingRadioGuide.com (and FindAnISP.com).
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