It’s Too Hard to Know Who Is Too Big to Fail: Jonathan Weil
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Oct. 6 (Bloomberg) -- Two years ago if you had askedwhether the commercial lender CIT Group Inc. was too big tofail, the answer would have been an emphatic no. The TreasuryDepartment had rejected its latest bailout plea. In November2009, after 101 years in business, CIT filed for bankruptcy.
Ask that same question about CIT today, though, and thebest answer would be: Who knows?