The FDIC's clampdown on CIT Group's (CIT) bank unit, and refusal to guarantee the company's bond...

|About: CIT Group Inc. (CIT)|By:, SA News Editor

The FDIC's clampdown on CIT Group's (CIT) bank unit, and refusal to guarantee the company's bond issues earlier this year, indicate that CIT's hopes for a quick exit from bankruptcy really lie in the hands of regulators - and what they'll let CIT do with its businesses.