<?xml version="1.0" encoding="utf-8" standalone="yes"?>
<oembed>
	<version>1.0</version>
	<type>link</type>
	<objectid>240268</objectid>
	<title><![CDATA[CIT Gets $3 Billion Rescue Loan To Prevent Bankruptcy]]></title>
	<url>http://www.huffingtonpost.com/2009/07/19/cit-reaches-3-billion-dea_n_240268.html</url>
	<abstract><![CDATA[<p>NEW YORK &amp;mdash; Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, averting an immediate bankruptcy filing and giving the company some breathing room to restructure its debt.</p>

<p>It's a new twist in the financial crisis: A major bank on the verge of a last-minute rescue &amp;ndash; only this time the bailout isn't coming from the government. The deal marks the first time since the banking crisis erupted that private investors...</p>]]></abstract>
	<taxonomy><![CDATA[Business]]></taxonomy>
	<date_published>2009-07-21T20:45:00-04:00</date_published>
</oembed>
