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Tag: "Troubled Asset Relief Program"

CIT Group (CITGQ) Stock Anyone?

[ 9 ] November 7, 2009

CIT Group like so many other lenders made some seriously bad decisions and got caught up in the subprime mortgage debacle that came to a head towards the end of last year.  Although the centennial bank holding company received 2.3 billion from the government under the Troubled Asset Relief Program last year the government did [...]

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1 Trillion Dollar Stimulus or Spending Plan?

[ 4 ] February 8, 2009

Seriously people of America…this is a stickup.  What in the world is going on here?!  Look, I’m no economist but are we really going o sit back and let this ridiculous “stimulus package” get passed without a peep?  The worst part is even some professional economists are unsure whether it’s even enough: “It’s possible that [...]

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