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The credit crisis still lingers across financial markets and imprisons the global economy. All the plans put by governments around the world, with the lead of the U.S. government, alongside global central banks' plans, that had managed to shield the crisis from trader's eyes, despite expectations from the international monetary fund about the credit crisis prevails till now. The bankruptcy of the lending company, Cit Group Inc, was a reason behind traders realizing the truth about the economic situation around the world; it can be considered an improvement yet was not capable of reviving and stabilizing economies. The 101 year old company managed to fall into bankruptcy, despite of governmental incentives shelled out by the government and rights offerings have failed in helping the company regain some of its drained liquidity; however, due to this news numerous traders are looking at the U.S. economy in a new light, away from its GDP.
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