Three Card Monty at GM
I read this and shook my head in amazement at the limited financial acumen of reporters covering business.
General Motors, encouraged by its improving financial situation, could repay all of its $6.7 billion in loans from U.S. taxpayers by the end of next June, the company’s top executive said Monday.[From With $42B, GM moves […]
What Will CIT’s Bankruptcy Mean for the Retail Supply Chain? (Part 2)
In the first column in this series on CIT’s bankruptcy and the retail supply chain, Kurt Cavano, Chairman and CEO of TradeCard, provided background perspective on CIT’s historic role and fit within the industry. In this post, we’ll continue the analy…
What Will CIT’s Bankruptcy Mean for the Retail Supply Chain? (Part 1)
Over the weekend, CIT Group, a large specialty lender / factor, filed for for Chapter 11 bankruptcy protection. According to the Times Online, “The collapse of the 101-year-old Utah-based lender, which trails behind only those of Lehman Brothers, Was…
