Government Bails On CIT Group (CIT)!; 'No Appreciable Likelihood of Additional Government Support'

July 15, 2009 6:07 PM EDT

CIT Group Inc. (NYSE: CIT) announced that it has been advised that there is no appreciable likelihood of additional government support being provided over the near term.

The Company's Board of Directors and management, in consultation with its advisors, are evaluating alternatives.


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