Taxpayers to be forced to bail out CIT so that Democrats can be re-elected
Uh-oh! Another bad lender is in trouble. Time to screw the taxpayers!
"It seems like official Washington is just coming to grips with what would happen if the largest small-business lender went belly up," said Jaret Seiberg, a policy analyst at Concept Capital's Washington Research Group. "It would destroy Democratic hopes of getting unemployment under control before the mid-term election."