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November 05, 2009



CIT Executives at the top received a huge bonus in 2009 of over $200,000 each. This was three months before they filed for bankruptcy and the stock became worthless. Last I checked on 12-12-2009 the new stock was selling for $29.00 per share in the new company after all the original stockholders lost everything. I guess this is how we should train our children. First steal their money, don't pay them back and then pay ourselves all of it and then start again with new investors. And they said Madoff was a crook? Maybe CIT should take inventory of themselves.

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