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Small BIZ employees may be in trouble should CIT go under

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posted on Oct, 1 2009 @ 09:19 PM
Anyone depend on small business owners for employment

Do they depend on Lines of credit from CIT

Because CIT looks like it could go under (it came close earlier in the year) but the result would be up to a milliion businesses negatively effected should CIT be liquidated.

Funny thing was i believe CIT secured a loan from Pimco and a few others earlier this year althouth the restructuring hasn't gone smoothly....but the GOV'T did NOT make it a PRIORITY to bail them out .....with all the jobs that would be lost....they would rather bailout the connected big banks ...then loan a comparatively small amount to a company that millions of people depend on indirectly for business loans........

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