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Jul 16 2009

CIT: Too Small to Save, Too Big to Let Die

Posted by: yahootechticker in Yahoo Tech Ticker

CIT shares plummeted 75% Thursday as the company scrambles to find a $4 to $6 billion lifeline. The Federal government was right to turn their backs on the lender because CIT doesn’t pose systemic risk - and the bailouts have to stop sometime, says Dan Al

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