CIT To Be Bailed Out By Goldman And JP Morgan

Developing Story: I am the great vampire squid's total lack of surprise. So the government and FDIC will not touch CIT, but Goldman and JPM which have tens of billion in dollars owed to the FDIC via the TLGP can bail them out and make it seem like a private bail out? Are all conversations between 85 Broad and Tim Geithner/Sheila Bair over the past 48 hours FOIAble? Red pill please. Also explains the two banks' recent commingled dinning patterns. Sphere: Related Content

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