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Daily News – July 13, 2009

July 14, 2009

As MRKetplace reported yesterday and the NYTimes is reporting today, CIT Group, a major lender to small businesses in the US, which includes a portion of the apparel industry, is having a liquidity issue that would end up hitting the clothing and men’s wear industry if they don’t get a federal bailout.

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CIT Group Headquarters in New York

CIT Group Headquarters in New York

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