CIT Group
| $2,330,000,000 |
| Committed |
| 11.2% |
| of Bank bailout commitment |
| 0.4% |
| of total bailout commitment. |
| Disbursed | $2,330,000,000 |
| Returned | $0 |
| Revenue to Gov't | $43,687,500 |
| Net Outstanding | $2,286,312,500 |
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Map: Corporate headquarters of CIT Group.
New York,
N.Y.
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About This Project
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
- In the bailout map, we track bailout recipients by state.
Events
-
Nov. 1, 2009 CIT Files for Bankruptcy, $2.3 Billion Lost
CIT files for bankruptcy protection. A $2.33 billion TARP investment is wiped out.
Part of Capital Purchase ProgramMore info from www.propublica.org -
$44M Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
$2B Bailout
Dec. 31, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.cit.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 05/31/2009 | Dividend | $43,687,500 | CPP | Dividends Paid Through 5/31/2009 |
| 12/31/2008 | Purchase | $2,330,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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