Amount You Personally Threw Down the CIT Black Hole: $8

Let's run the numbers.

• Amount Hank Paulson gave to CIT on your behalf last fall even though CIT was a dead man walking: $2.3 billion

• Number of Americans: ~300 million

• Amount of money you personally shoveled down the CIT hole: $8

Okay, so it was only 8 bucks.  But that's before the interest you'll pay China for borrowing that money over the next couple of decades.  And we're betting there are a few things you might rather have spent that money on.

But wasn't the whole financial system going to collapse if you didn't give CIT that $8?  Isn't that what Hank Paulson told you?

Well, yes, that's what they told you.

Of course, now CIT has gone bust, and you didn't even notice.

One thing is certain, though:

You no longer have that 8 bucks.

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