Save CIT or Let it Fail? Obama, Geithner Navigating a "Slippery Slope"

The only thing not slippery is the taxpayers' backsides!

Citi must fail in order for markets to gain confidence. Audit the Fed and gain confidence too.

Sure, bail them out, then CIT can raise the salaries of the highly valued individuals that work there. It makes perfect sense to me, I am out of work and to date unable to secure a position, so why wouldn't Obama and Geithner do another bailout. I sure am happy that we have a government in place that takes such critical care of our country. Who knows, when the next stimulus package gets approved the senate and congress may actually read it!

BYE BYE

let them eat parsnips ..

It seems as though Messers Task and Blodgett are making light of possible illegal favoritism and collusion between government officials and functionaries and various financial institutions. All of this grinning, winking and chuckling is in poor taste and reflects a real and worrisome trend in contemporary investing circles. The new paradigm seems to be that illegality is assumed and that the bad players are in positions of governmental authority or that said persons are 'owned' by well heeled political contributors and as such the evildoers are untouchable. Institutional corruption led directly to the last revolution in this country, it is time for Ceasar's wife to mind her P's and Q's and to eschew any image of impropriety. Trust in the rule of law and the capitalist system in this country must be restored.

what part of NO MORE BAILOUTS don't these idiots understand. They already got 2.3 bil, Goldman sachs , the DEMON CRATS personal piggy bank, is back to RECORD profits. There are alot of people that need to go to jail.

If they are thinking about a small business bailout, why not just use TARP for CIT? This is another example of how the government constantly contradicts itself. That is, they want businesses to create jobs and consumers to spend, yet the government is raising the minimum wage, raising taxes on the people who actually have money to spend, raising energy costs, increasing regulations (probably necessary in the long run), and increasing the burden on businesses to provide healthcare. And the government is still using the same models that failed the system before. While government and Wall Street econometric models suggest a CIT failure does not pose systemic risk, in this financial crisis nothing has occured as it should and there could be serious economic fallout from its failure.

If Geithner can't manage his own finances, how can any idiot (OBAMA) expect him to manage others finances.

Let's keep rewarding bad management and operations, hell, let's give them a bail out and bonuses. It's the tax payers money so its OK.

ONE MORE TIME, TOGETHER NOW: "no one in washington gives a damn about any of us, unless it's voting time."

let it fail!

The company (CIT) does not need the money. They have $7 Billion in net tangible assets and have positive cash flow from operations.

Yes, governement got unlimited resoruces to bail out, we are only half way to the credit, fiancial crisis and recession, even we are back to growth. The housing market slump and soaring jobless rate cut into consumer, businesss spending, will supply more foreclosure, mortgage and credit default whci will causes more loan loss for the already bailed company ( even Bank America and Wells Fargo, with its stock prices more than triple, and new list of unbailed companies. details on www.osawh.com/mortdefa.htm www.osawh.com/macro.html

No More Bailouts! There is no such thing as "too big to fail". Let the mismanaged companies fail that took the high risk investment path.

One sure way they would be awarded unlimited bailouts is to quickly get unionized. Since I do not think anyone, including the federal government, is too big to fail I would not provide them with any more funds but be first in line to collect the Tarp funds they owe. It use to be that companies were the stockholders so if a stock goes to near zero, like BAC at $2.93, why does the government feel compelled to step in? Let the strong survive, like Ford in the case of Detroit, and a better company will fill the gap including the one that went bankrupt. This foolishness is going to cost us many jobs in the future not save them as Washington is telling us. What do you think will happen to these weak companies after a few decades of international competition?

Why is this even in question? The government has been bailing out banks ever since creation of the Fed. They have to bail out Citi, the owners of the Fed want it that way.

let it fail, curious to see how markets/investors will react to the failure. It will be healthy in the long run.

Grease-up people, we are going to get it again from the democrats.

Hey I have a mortgage. Since I'm in debt too can I ask the government for a bail out?