ul 16, 2009, 11:41 a.m. EST
A "deep-pocketed" investor like Warren Buffett, chairman of Berkshire Hathaway will stop the BK
SAN FRANCISCO (MarketWatch) - CIT Group Inc. shares slumped more than 75% Thursday as investors girded for what may be the fourth-largest bankruptcy in U.S. history after the troubled lender failed to get a government bailout
CIT shares slump as investors gird for bankruptcy
Troubled lender reportedly in last-ditch scramble for $2 billion
A "deep-pocketed" investor like Warren Buffett, chairman of Berkshire Hathaway /quotes/comstock/13*!brk.a (BRK .A 90,126, -433.90, -0.48%) /quotes/comstock/13*!brk.b (BRK .B 2,922, -15.99, -0.54%) , might be able to move quickly to help CIT, but that may be CIT's only hope, Egan added in an interview |