CIT shares plunge after government denies rescue; Bondholders scramble to avoid bankruptcyNEW YORK — Denied a federal bailout, CIT Group Inc. said late Thursday its board and management continue to seek alternatives to shore up the company’s cash position and remain in talks with potential lenders to secure financing and stave off a bankruptcy protection filing. House lawmakers say Paulson bent to bank CEO; Paulson defiantWASHINGTON — Lawmakers accused former Treasury Secretary Henry Paulson on Thursday of bending to the demands of a major bank and keeping negotiations of a hefty bailout secret in his rush to stabilize financial markets last year. House lawmakers accuse former Treasury secretary Paulson of bending to bank, Paulson defiantWASHINGTON — House lawmakers on Thursday accused former Treasury Secretary Henry Paulson of bending to the demands of a major bank and keeping negotiations of a hefty bailout secret in his rush to stabilize the financial markets last year. |