Bailouts, Regulating Financial Institutions | featured news

(Image from article: "CIT Group Files for Chapter 11 Bankruptcy Protection")

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AIG CEO ready to quit over pay limits

After just three months as head of American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight.

CIT Group Files for Chapter 11 Bankruptcy Protection

CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a US bailout and ...

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