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...U.S. officials are gambling that financial markets and the economy are now strong enough to withstand the possibility a big lender collapses.
"The company's collapse would certainly ripple through thousands of small and medium businesses that rely on CIT for trade financing and lending," Gail Dudack, chief investment strategist at Dudack Research Group, told clients.
"This raises the risk of more bankruptcies and more unemployment.. significant negative for an already fragile economy"