Now you find out WHY GOVERNMENT turned down small business.
GUESS WHO is going to BENEFIT!
"CIT jumps as the lender seeks rescue funding" by Associated Press | July 18, 2009
NEW YORK - CIT is in talks with JPMorgan Chase & Co., Goldman Sachs, and Morgan Stanley about receiving short-term financing that may help it avoid filing for Chapter 11 protection, a person familiar with the talks told the Associated Press. The person spoke on condition of anonymity because the talks are confidential.
With usurious interest rates, no doubt!
CIT has been scrambling to raise $2 billion to $4 billion after the federal government refused to bail out the company, one of the nation’s largest lenders to small and midsize businesses.
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Yeah, why bail out small businesses when your friends and you don't benefit from those holdings?
Leave it to the BANKS to provide the USURIOUS TERMS of LOAN so they can MAKE MORE $$$!!!
