After successfully redecorating his office, merging Merrill Lynch with Bank of America, and then getting fired — John Thain is once again a CEO. This time he’ll be heading up a recently-bankrupt commercial and consumer finance company, CIT. [More]
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![Government Helped CIT Limp Along Long Enough To Keep From Ruining Christmas](../../consumermediallc.files.wordpress.com/2012/06/110902-006-xmasshopping.jpg?w=160&h=160&crop=1)
Government Helped CIT Limp Along Long Enough To Keep From Ruining Christmas
According to SpendMatters, one big reason the government burned through $2.3 billion in TARP funds for CIT even though it was buckling under debt was to try to avoid ruining everybody’s Christmas this year.