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FDIC Tells CIT Drop Dead

July 10, 2009 By Bill Zielinski Leave a Comment

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 […]

Filed Under: CIT, Failed Banks, FDIC, problem banks Tagged With: CIT - next big banking failure, FDIC says no to CIT, FDIC to CIT - raise capital, let CIT fail

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