Carl Icahn gives up on CIT – Icahn has a…

Carl Icahn gives up on CIT – Icahn has announced he will support the prepackaged bankruptcy rather than try to save the company. Goldman Sachs has announced they’ll settle for $238 million instead of $1 billion if CIT goes Chapter 11. All the stars are aligning – typically a bankrupcty would be announced after the stock market closes at 4 PM.. CIT stock is down 20% for the day.