CIT bankruptcy would bring $1 billion payment for Goldman; $2.3 billion loss for taxpayers
Submitted by Dominic Haber on Mon, 10/05/2009 - 12:31
A report in the Financial Times' Sunday edition said that in the case of a Chapter 11 bankruptcy protection filing by the distraught commercial lender CIT Group files, the financial services provider Goldman Sachs Group will receive a $1 billion payment, while the US payers would have to bear a loss of $2.3 billion.
Latest News
|
|
|
|
|
|
|
|
|
|
|
|
