U.S. Debates Fate of CIT, a Small-Business Lender (Published 2009)

CIT Group, a 101-year-old institution that has already received $2.33 billion from taxpayers, has $59 billion of long-term debt, including $10 billion that will mature in the next year.Credit...Daniel Acker/Bloomberg News The CIT Group is one of the nation’s biggest lenders to small businesses. But a debate is swirling in Washington over whether it is large enough � or important enough � to save.