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	<title>The Commercial Finance Blog &#187; CIT</title>
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		<title>Former Merrill Lynch CEO John Thain appointed CIT chief</title>
		<link>http://www.commercialfinanceblog.com/business-finance/former-merrill-lynch-ceo-john-thain-appointed-cit-chief.html</link>
		<comments>http://www.commercialfinanceblog.com/business-finance/former-merrill-lynch-ceo-john-thain-appointed-cit-chief.html#comments</comments>
		<pubDate>Mon, 08 Feb 2010 19:38:59 +0000</pubDate>
		<dc:creator>LJ Miehe</dc:creator>
				<category><![CDATA[Business Finance]]></category>
		<category><![CDATA[CIT]]></category>

		<guid isPermaLink="false">http://www.commercialfinanceblog.com/?p=238</guid>
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Editor&#8217;s Note: This is good news for CIT, they really needed strong leadership to turn around the large independent business lender.  Mr. Thain will have a large task at hand as well.  CIT has a large amount of outstanding debt and they are not getting TARP assistance in the commercial paper market.  He is looking [...]]]></description>
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		<title>CIT Group Will Provide $1 Billion to Trade-Finance Unit</title>
		<link>http://www.commercialfinanceblog.com/business-finance/cit-group-will-provide-1-billion-to-trade-finance-unit.html</link>
		<comments>http://www.commercialfinanceblog.com/business-finance/cit-group-will-provide-1-billion-to-trade-finance-unit.html#comments</comments>
		<pubDate>Sat, 01 Aug 2009 00:24:05 +0000</pubDate>
		<dc:creator>LJ Miehe</dc:creator>
				<category><![CDATA[Business Finance]]></category>
		<category><![CDATA[CIT]]></category>

		<guid isPermaLink="false">http://www.commercialfinanceblog.com/?p=161</guid>
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Wall St. Journal, New York &#8211; Ailing business lender CIT Group Inc., which recently signed a $3 billion financing deal with its largest bondholders, will provide $1 billion of that money to a unit that gives cash advances and credit to manufacturers and retailers, it told some customers on Friday.
In a memo addressed to &#8220;clients [...]]]></description>
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		<title>CIT clinches $3 billion bondholder rescue to fend off bankruptcy</title>
		<link>http://www.commercialfinanceblog.com/business-finance/cit-clinches-3-billion-bondholder-rescue-to-fend-off-bankruptcy.html</link>
		<comments>http://www.commercialfinanceblog.com/business-finance/cit-clinches-3-billion-bondholder-rescue-to-fend-off-bankruptcy.html#comments</comments>
		<pubDate>Mon, 20 Jul 2009 19:03:27 +0000</pubDate>
		<dc:creator>LJ Miehe</dc:creator>
				<category><![CDATA[Business Finance]]></category>
		<category><![CDATA[CIT]]></category>

		<guid isPermaLink="false">http://www.commercialfinanceblog.com/?p=141</guid>
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Editor&#8217;s Note: This will be interesting to see how this plays out.  What makes no sense to me is how the Fed will bail out other business finance companies but then deny CIT.  I am noticing a trend whenever its a &#8220;largest independent&#8221; insert your own noun gets into trouble, you will not get help [...]]]></description>
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		<title>CIT in talks with U.S. government for access to bailout funds</title>
		<link>http://www.commercialfinanceblog.com/business-finance/cit-in-talks-with-us-government-for-access-to-bailout-funds.html</link>
		<comments>http://www.commercialfinanceblog.com/business-finance/cit-in-talks-with-us-government-for-access-to-bailout-funds.html#comments</comments>
		<pubDate>Fri, 10 Jul 2009 19:45:04 +0000</pubDate>
		<dc:creator>LJ Miehe</dc:creator>
				<category><![CDATA[Business Finance]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[Secured Credit Facility]]></category>

		<guid isPermaLink="false">http://www.commercialfinanceblog.com/?p=136</guid>
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Editor&#8217;s Note:  CIT has been followed by us for some time.  They have been in trouble for quite some time.  I believe they should get access on the grounds that GE&#8217;s financing unit has gotten some assistance as well.  CIT provides secured business financing and in this environment that segment of the market has [...]]]></description>
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