HBWOW

CIT Group: Taxpayers' Investment Is Virtually Worthless

Has the government and its many agencies sought to determine the
degree of fraud (pre bankruptcy insider/broder knowledge and sell off of positions, illegal loans, horrendous insider stock option dealings, unearned bonuses paid, etc, etc, etc? ? ? The TARP loan was only a temporary bandaid and time to allow the insiders/brokers to milk more of the cash out of the company. I know SEC, auditors, and other non responsible (make that irresponsible) agencies continue to work for Wall Street and not the stockholders, bond holders, and taxpayers, so there is no surprise with this blowup.