just how dumb is our government? dont answer that question. the geniuses at the fed, fdic etc. have decided that cit doesnt represent systemic risk; it is not too big to fail. this both misses the point and may be wrong.
CIT is one of the most important financiers of small to medium size companies in america. if it fails the gap will NOT be filled adequately and or fast enough. who is going to do it? so by letting cit fail, they are putting 1 million american businesses at risk. these are the companies that create jobs and the owners of which the democrats want to tax to pay for universal health care
DUMB
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Now that they have file for bankrupcy.How do you feel about your statments ? The Government needs to be helping it's people not its corporations which became too big to fail. Anti sherman act should have been reenforced . Now it may be too little too late.
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