Quote:
Originally Posted by Coils
CIT's bankruptcy filing shows $71 billion in finance and leasing assets against total debt of $64.9 billion.
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Sssooo... they're 7.1 billion dollars to the good, but they're bankrupt?
I'm glad there are MBAs and economists who can figure that sort of thing out; my lame math says they're operating at a 10% profit margin, which is considered pretty good for anything not to do with Hollywood or Silicon Valley.
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