Default Swaps Contracts Over $3B Triggered By CIT Bankruptcy

Link: http://online.wsj.com/article/BT-CO-20091103-714384.html

A committee of derivatives experts confirmed Tuesday that default protection contracts have been triggered by the bankruptcy filing of CIT Group (CITGQ).

Related Posts:

• Breaking: CIT Is Already Working On Bankruptcy Plan
• CIT bankruptcy is not off the table yet
• It’s chaper 11. The taxpayers lose their investment, but CIT just refuses to go away.
• Total Loss: The $2.3 billion taxpayer money WASTED.
• CIT in Last-Ditch Rescue Bid

Leave a comment