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Missouri Lawyers Media > News > Kansas City Daily Record > Commentary: Hard to know who’s too big to fail
Commentary: Hard to know who’s too big to fail
Published: October 7, 2011
Two years ago if you had asked whether the commercial lender CIT Group Inc. was too big to fail, the answer would have been an emphatic no. The Treasury Department had rejected its latest bailout plea. In November 2009, after 101 years in business, CIT filed for bankruptcy.
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