Monday, July 20, 2009

 

A turning point in the financial crisis

If CIT really has dodged a bullet here and avoided bankruptcy, that’s spectacularly good news. I’m assuming here that a deal has done, based on nothing but a single one-line headline on WSJ.com; these things tend to be fraught and fractious, however, so I’m not counting my chickens just yet. But if CIT has really avoided bankruptcy, that’s a major turning point in the history of the financial crisis...

Reuters (Felix Salmon): A turning point in the financial crisis

This page is powered by Blogger. Isn't yours?