Could CIT be a big blow for Dems in 2010?
Still wondering about a CIT Group bailout? Maybe the company is not systemically important, but it sure might be politically important for Democrats. This from analyst Jaret Seiberg of Concept Capital (via WSJ):
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.