Originally Posted by
Sworntwofun
Bulletin
CIT says discussions with government have ceased, with no likelihood of support
By Alistair Barr CIT
2.001.501.000.500.008a10a12p2p4p6pSAN FRANCISCO (MarketWatch) -- CIT Group Inc. /quotes/comstock/13*!cit/quotes/nls/cit (CIT 1.65, +0.01, +0.61%) said late Wednesday that discussions with government agencies have ceased and that it has been advised that there's "no appreciable likelihood of additional government support being provided over the near term." CIT's Board of Directors and management, in consultation with its advisors, are evaluating alternatives, the company said.