This is gonna cost us all money...again

CIT Group Inc's board approved a deal with bondholders for $3 billion in rescue financing to the lender late on Sunday, a source close to the situation said, helping it stave off bankruptcy.

CIT is expected to announce the deal before markets open Monday, according to the source, who did not want to be identified because talks are private.

I'm sure this is going to cost us all money in helping yet another lender whom has taken advantage of it's consumers...
I say get your credit report from here and see what has been done...

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