Could CIT be a big blow for Dems in 2010?

July 14, 2009

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.

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/