Is Buffett Eyeing CIT?

Is a billionaire investor stalking CIT Group(CIT Quote)?

A source following the embattled New York-based commercial finance company, which on Thursday was forced to draw on its entire $7.3 billion emergency revolving credit line in order to pay down debt, says CIT has been on Warren Buffett's radar for a possible cash infusion or outright purchase.

Buffett's interest could not be confirmed and a spokeswoman at Berkshire Hathaway's(BRK.A Quote) offices in Omaha, Neb., said the Sage of Omaha was not immediately available for comment. A CIT spokesman declined to comment. ...