DrTdaxp

i’m surprised you’re not all over the CIT story. Treasury is allowing them to fail, because Treasury believes their competitors can pick up the business they leave behind without too much difficulty. competitors are basically GE cap.

now you don’t have to be a conspiracy minded american to see how GE cap and Goldman are related. helping GE cap is a subsidy to Goldman if there ever was one.

but more importantly, it seems that the way Treasury has decided to deal with systemic risk is by making some existing finanical insitutions even bigger than they were when they were too big to fail.

i have to say, i’m getting a little annoyed by this. i actually think CIT is being punished by their refusal to participate in the GM DIP financing consortium that treasury was originally proposing. you scratch our back, we’ll scratch yours.