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FDIC Tells CIT Drop Dead

FDIC Tells CIT Drop Dead

Sheila Bair Protecting Depositors Many of the biggest banking and financial concerns in the country still face potential collapse as loan defaults escalate rapidly.  Consider FDIC Said to Withhold CIT Debt Guarantees Due to Risk: The Federal Deposit Insurance Corp. is unwilling to guarantee CIT Group Inc.’s bond sales because the commercial lender’s credit quality is worsening, [...]
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