CIT Group, Inc. New Common (CIT)

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sheila bair sat on cit application for help hoping cit failed so she could sell it for pennies to her beloved jaime dimon at jpm when in bk. now that pimco has given 3 bil to bridge expenses for cit....the feds now want to get involved because they then can get some "hooks" into cit. cit needs to beware!!! they need to capitalize outside of taking govt money. the feds could sabotage them for treasury capitalization like they did with wamu.