pcyhuang

CIT Group to Move on After Peek

May CIT be revitalized by the potential of the recycling of TARP Funding?

" ...Far from being out of ammunition, the government still has about 75 percent of the $787 billion Congress appropriated to spend during the next two years." -- Slate.com

Hopefully that the government will recycle the returned TARP funding towards revitalization of the securitization market and muni bond insurers like ABK and MBI, and perhaps also other second tiered financial institutions like Etrade and the CIT Financial Group.