Egan Says CIT Bankrupcty Filing May Help Bondholders: Video

Nov. 2 (Bloomberg) -- Sean Egan, president Egan-Jones Ratings Co., talks with Bloomberg's Lori Ro...  More »

Nov. 2 (Bloomberg) -- Sean Egan, president Egan-Jones Ratings Co., talks with Bloomberg's Lori Rothman about the outlook for holders of CIT Group Inc.'s bonds. The 101-year-old lender filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. (Source: Bloomberg)  « Less