Eye on the Bailout
CIT Group
New York, N.Y.
| Committed: | $2,330,000,000 | ||||
| Disbursed: | $2,330,000,000 | Returned: | $0 | Revenue to Gov't: | $43,687,500 |
| Net Outstanding: | $2,286,312,500 | ||||
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| 0.4% | of all bailout funds committed. |
| 2.4% | of the Bank industry bailout. |
Map: Corporate headquarters of CIT Group.
See all recipients in New York
Events
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$2.3B
Dec 31, 2008 Purchase - Preferred Stock w/ Warrants
Part of the Capital Purchase Program
More info from www.cit.com
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$43.7M
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of the Capital Purchase Program
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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 the Capital Purchase Program
More info from www.propublica.org
| 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 |
For our blog, resources and more, see our main bailout page.
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