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TARP Failures Keep Taxpayers On The Hook; 33 Companies Miss Payment

Posted 11.16.2009 | Business

Read More: Tarp, White House, TARP Money, Lending, Economy, Bailouts, Regulation, Obama, Taxpayers, Recession, Wall Street, Bailout, Fed, Treasury, Banks, Citigroup, Cit, Business News

According to The Washington Post, 33 companies that received a portion of TARP's $700 billion have not paid the federal government their most recent d...

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CIT's Bankruptcy Is Not Doomsday for Small Businesses

Jerry Chautin | Posted 11.12.2009 | Business

Read More: Real Estate Loans, Bankruptcy, Borrowing Money, Selling Invoices, Selling Accounts Receivable, Recession, Term Loans, Cash Flow, Small Business Owners, Score, Commercial Paper, Equipment Loans, Working Capital Loans, Cit, Factoring, Alternative Financing, Sba, Business News, Small Business, Ifg, Business News
Jerry Chautin

CIT has been a stalwart lender for small businesses. But there are alternatives if you look for them.

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What U.S. Bailout Money Could Do For The Rest Of The World

Huffington Post | Victoria Fine | Posted 11.09.2009 | Impact

Read More: Government Spending, $2.3 Billion, Cit, Government Bailout, Bankruptcy, International Rescue Committee, Bailout Money, Impact News

Ever wonder how all that money spent on government bailouts of U.S. companies and banks could have been spent differently? The Business Insider did. O...

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CIT Bankruptcy Filed: US Will Likely Lose $2.3 Billion, Goldman Sachs Will Gain $1 Billion

AP / Huffington Post | By STEPHEN MANNING | Posted 11.01.2009 | Business

Read More: Short-Term Finance, Retailers, Geithner, Timothy Geithner, Goldman Sachs, Lending, Retail, CIT Bailout, Tim Geithner, Carl Ichan, Bailout, Finance, Lenders, Treasury, Cit, Banks, Wall Street, Ichan, Business News

WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...

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Is There a Change In the Weather at Goldman Sachs?

Raymond J. Learsy | Posted 10.26.2009 | Business

Read More: Cnbc, Goldman Sachs, Government Guarantees, The Bailouts, Lord Brian Griffiths, Cit, Financial Crisis, Main Street, Too Big to Fail, Business News
Raymond J. Learsy

A news item appeared this week that at least seems to offer reasonable hope that Goldman is beginning to use its good fortune to help remedy the foundering fortunes of Main Street America.

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Carl Icahn Extends CIT $6 Billion Loan To Help Stay Afloat

AP | STEPHEN BERNARD | Posted 10.19.2009 | Business

Read More: Bankruptcy, Cit Group, Carl Icahn, Lenders, Consumer Finance Company, Carl Icahn CIT, Cit, Business News

NEW YORK — In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 bi...

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TARP Deadbeats: 33 Firms Miss Dividend Payments

Reuters | Posted 10.12.2009 | Business

Read More: Tarp, Treasury Department, Fdic, SNL Financial, Cit, Citigroup, Business News

Thirty-three TARP recipients missed a scheduled dividend payment to taxpayers last month, according to the Treasury Department, including 18 banks tha...

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Goldman Sachs To Be Paid $1 Billion If CIT Fails; Taxpayers Would Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 10.04.2009 | Business

Read More: Chapter 11, Goldman Sachs, Credit Default Swaps, Finance, CIT Bankruptcy, Treasury, Cit, Timothy Geithner, Bankruptcy, Geithner, Lenders, Bailouts, Blankfein, Lloyd Blankfein, Business News

Goldman Sachs stands to receive a payment of $1bn -- while US taxpayers would lose $2.3bn -- if embattled commercial lender CIT files for Chapter 11 b...

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Small Business Issues Should Be Big News in Mainstream Media

Lloyd Chapman | Posted 09.05.2009 | Business

Read More: Asbl, Small Business, Fraud, Contracting, Obama Administration, Goaling Report, Barack Obama, American Small Business League, Business News, Cit, Business News
Lloyd Chapman

Commercials targeted at small business owners are becoming more common. . It seems advertisers on major television networks have figured out something news producers haven't.

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Hey, What About CIT?

Leo Hindery, Jr. | Posted 08.20.2009 | Business

Read More: Financial Crisis, Cit, Bank Bailout, CIT Bailout, Bailout, Business News
Leo Hindery, Jr.

We haven't at all reformed Wall Street, we've just resurrected it. Then when it comes to saving the one institution that's necessary, we can't find the political will to do so.

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CIT Gets $3 Billion Rescue Loan To Prevent Bankruptcy

AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 08.19.2009 | Business

Read More: CIT Bankruptcy Deal, Cit, CIT Bondholders, CIT Bankruptcy, Business News

NEW YORK — Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, averting an imm...

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Obama Should Provide Financial Options to CIT Customers

Lloyd Chapman | Posted 08.16.2009 | Politics

Read More: 27 Million, Abuse, Bankruptcy, Election Day, Lloyd Chapman, Obama, Loopholes, Fraud, John Kerry, Barack Obama, Financial Crisis, A Lack of Oversight, Gdp, Al Gore, American Small Business League, Cit, Politics News
Lloyd Chapman

Obama should take a closer look at his administration's policies involving CIT and the over 40 million voters that could be impacted by those decisions. 2012 will be here before you know it.

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CIT Explained: What If It Fails?

AP | CANDICE CHOI | Posted 08.16.2009 | Business

Read More: CIT Failure, Cit, CIT Bankruptcy, Cit Group, Business News

NEW YORK — You may not have heard of CIT Group Inc., but there's a good chance you've shopped in stores that it helps keep in business. The New...

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1 Million Small Businesses Are Now At Risk

Nanette Lepore | Posted 08.16.2009 | Style

Read More: Rtacy Mullin, Cit, National Retail Federation, CIT Plea, Style News
Nanette Lepore

I don't know what they are thinking down there in Washington, but the truth is that small businesses will not be able to finance their situations without CIT.

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The "Financial System" vs. The Real World

Reese Schonfeld | Posted 08.16.2009 | Business

Read More: Small Business Loans, Manufacturering, Treasury Department, Small Business, Fdic, Wall Street, Cit, Factoring, Obama, Entrepreneurship, Business News
Reese Schonfeld

The Administration continues to proclaim that we will create new jobs through small business and entrepreneurship. That's going to be very hard to do with CIT gone.

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Goldman, J.P. Morgan and Wall St.'s Original Sin

Robert Teitelman | Posted 08.15.2009 | Business

Read More: Matt Taibbi, Morgan Stanley, Wall Street, Blackstone Group L.P. (NYSE:BX), Cit, Harold Urey, Compensation, Bonuses, Goldman Sachs Group Inc. (NYSE:GS), J.P.Morgan Chase & Co., Peter Solomon, Business News
Robert Teitelman

What is the origin of Wall Street's sin? And, just as importantly, who or what is responsible?

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