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Archive Home > 2009 > July > 14 > Feds debate the fate of a lender

Feds debate the fate of a lender

CIT Group faces collapse, and it may be deemed not worth saving

By Julie Creswell and Stephen Labaton / The Bulletin
July 14, 2009

The CIT Group is one of the nation’s biggest lenders to small businesses. But a debate is swirling in Washington over whether it is large enough — or important enough — to save.

Regulators and company executives on Monday grappled with whether the New York-based....

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