Wednesday, July 15, 2009

Scoping | 07.15.09

  • Regulators Near Deal on Package to Save CIT - "CIT Group Inc. and federal regulators were working to iron out details of an aid package Tuesday night after customers drained hundreds of millions of dollars from the lender, according to people familiar with the matter." Bailouts are soooo in still. [WSJ]
  • Raters Sued by Calpers Over Losses - "Calpers filed a lawsuit against the three biggest credit-ratings agencies, accusing them of issuing "wildly inaccurate and unreasonably high" ratings on structured investment vehicles that saddled the California pension fund with at least hundreds of millions of dollars in losses." [WSJ]
  • AIG Unit Sells Loans for as Much as $975 Million - Only about a gazillion dollars left to pay us back! FTW AIG! [Bloomberg]
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