Archive for July 16th, 2009
Feds leave CIT clients hanging
16 July 2009According to this morning’s New York Times, lender CIT Group (CIT:NYSE) will not be granted access to the FDIC’s debt issuance guarantee program. This takes me by surprise, as the murmurs coming out of Washington (according to CNBC) following the weekend’s WSJ piece suggested that CIT would be able to tap into the program [...]