The bankruptcy of business-loan giant CIT made headlines last weekend, but the story seems to have died all too quickly, considering its importance. Women will recognize this soon enough, since CIT provided financing to 60 percent of the apparel industry. All told, CIT was lending to 2000 firms that supplied merchandise to more than 300,000 stores. If you think vacant storefronts are a blight now, wait till you see how the malls, big-box stores and strip centers look in another year. One thing’s for sure, a CIT in reorganization will not be doing » Read the full article