“We are the CITs so pity us...”
As a CIT shareholder who just lost 75% on the stock today, I’m glad the government refused to bail them out.
No! For God’s sake, no more bailouts!
Have we learned anything? Of course there will be unforseen consequences when CIT collapses. It’s called risk. It’s part of the deal. It is not the government’s job to eliminate risk from the marketplace.