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Economy: Banks / CIT #949731

CBS Evening News for Thursday, Jul 16, 2009
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(Studio: Katie Couric) The outstanding loans for small business lender CIT cited.

(Capitol: Nancy Cordes) CIT’s financial troubles featured; details given of the impact on retailers. [Moody’s Mark ZANDI†- explains what happened.] [Representative Jeb HENSARLING†- comments on the fate of taxpayer money given to CIT.] [Small business owner Camille SHEPPARD†- says they own half of our business.] [Treasury Secretary Timothy GEITHNER – notes an improvement in the stability of the financial system.] The administration’s message by allowing CIT to go bankrupt discussed.

Couric, Katie;
Cordes, Nancy

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