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CIT: No bailout for us
Troubled small business lender, its fate in the balance, says it has been told not to expect a federal rescue soon. Shares halted late Wednesday.By Co...
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CIT and its borrowers in limbo
The lender appears headed for bankruptcy, but it's unclear how that will affect borrowers such as Eddie Bauer and other small businesses.By Colin Barr...
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CIT may be saved - but now what?
A lifeline from bondholders will keep the small business lender alive, but CEO Jeffrey Peek faces a tough test in a looming restructuring.By Colin Bar...
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The big bailout of ‘08, or hindsight is blind
By Stanley BingSometimes you just don’t know what to think.On the one hand, there’s Michael Moore’s new movie, Capitalism: A Love Story, which takes a...
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CIT loss won't be last for taxpayers
The bankruptcy of CIT means a $2.3 billion wipeout for Treasury. More losses are likely as other TARP recipients have missed dividend payments.By Coli...
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Bailout math leaves shareholders almost zero
There's some good news for those of us who worry that Wall Street hasn't paid a big enough price for being bailed out by the government. It's that the...
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TARP bailout money we can kiss goodbye
The government made money on American Express and Goldman Sachs, but 628 banks with outstanding debts are in considerably weaker condition.By Allan Sl...
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Washington's CIT riddle
How to respond to distress signals at a big lender to small businesses?By Colin BarrA self-styled bridge between Wall Street and Main Street is showin...
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Gold rally not going away until bailout money disappears
Gold has risen 40% since the beginning of 2009, and set new record-breaking highs just this week, rising to $1,250 per ounce. Yet it almost goes witho...
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Bank bailout problem: No easy answers
FDIC has a decision to make: How to replenish its insurance fund. With failures mounting and banks complaining about fees, borrowing from Uncle Sam ma...
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