Will the government let CIT fall

According to Reuters, the FDIC may not allow CIT to access TLGP funds thereby propelling CIT into bankruptcy.


The government has made it clear that a possible bankruptcy by CIT is not seen as a systemic risk to the financial system, the Wall Street Journal reported, since other lenders including JPMorgan Chase & Co or Deutsche Bank AG can take on many of the same loans in which CIT specializes.