Friday July 17, 2009, 4:26 am
We bailed out some banks because they financed the large corporations who lined Obama's pockets. However CIT is one "big" bank that specializes in financing for small business. Small business is the life-blood of our economy, but since they don't contribute large sums to political campaigns they don't get the bailouts.
"When asked about CIT, White House spokesman Bill Burton told reporters that President Barack Obama had set high standards for granting aid to companies." Translation - high standards means political power.