CIT stock is trading again after being suspended over the course of what now appear to be failed government bailout talks. Hereâs how shares in the beleaguered corporate-lender have opened: Thatâs a drop of some 70 per cent to 40 cents â a market cap slide which increasingly ups the odds of the lender failing to meet its minimum capital ratios and therefore the probability of bankruptcy. Hereâs the impact on the companyâs CDS and bonds via the Barclays platform: What all this of course means is that the US government has decided CIT is not too big to fail, after all. Something CIT clearly disagrees with if the hints on its website pages are anything to go by. Hereâs CITâs own opinion, as voiced on their website (H/T Daddy): Here are some prominently placed views from the industry on the matter: And here are some rather alarming assessments by the press: http://ftalphaville.ft.com/blog/2009/07/16/62511/cit-death-plunge/ Obama Administration Considers More Aid for Small Businesses July 10 (Bloomberg) -- The Obama administration is discussing additional steps to help small businesses weather the recession, possibly with money from the $700 billion bank-rescue program, administration officials said today. Using money from the Troubled Asset Relief Program enacted last year in conjunction with an existing Small Business Administration loan program is one option under discussion. Another would be to underwrite loans to small businesses, an idea that National Economic Council director Lawrence Summers views as too risky, one of the officials said. Further assistance to companies and consumers is being debated after a Labor Department report on July 3 showed U.S. employers cut 467,000 jobs in June and the unemployment rate rose to 9.5 percent, the highest since August 1983. An index of consumer sentiment for July fell more than forecast today in response to the dimming employment outlook. âThe popular perception that folks are getting restless about how the government is managing the economy has some backing,â Michael Feroli, an economist at JP Morgan Chase & Co. in New York, said in a report today. All of the ideas under discussion have drawbacks that would make them hard to implement, an administration official said. Several officials said no plan is imminent, and there is no formal study or proposal on the table.