CIT, a major small business lender, is facing financial woes and the Obama administration is reviewing the records to determine if it is worth rescuing. The company has about $75 billion in assets and 94% of its stock has lost value since the beginning of 2008. The administration is concerned because thousands of [...]
Filed under: Uncategorized | Tagged: bank failure, bankruptcy, CIT, FDIC, Obama, small business lender | Leave a Comment »
