why them and not cit? the government already owns 35% of g mac, some people argue because it fuels auto sales, because that supports a huge supply chain. that it is more critical to the overall health of the system, than, say, cit. that is for you to decide on your own. we obviously know where the government stands. and people are kind of outraged over this. they're weighing in on cnnmoney.com. i want you to, too. this is one of our top stories, and we're asking, did the obama administration do the right thing by denying cit another bailout? definitely big news on wall street. and we're in the red. all the major averages in the red off of some pretty high numbers we saw early this morning. but this is a big story, certainly today. >> a very big story, poppy. i can tell you for the people on the page who did know what cit was, they were not happy that the taxpayers were not going to get their money back. not at all. but a lot to talk about, for sure. cnnmoney.com. great stuff. thank you, poppy. >>> we have

cit. one of the biggest bankruptcies in u.s. history. you may be thinking, what is cit?lly a very huge behind the scenes lender. think of them as like a bank for more than a million small and medium-sized companies who depend on cit to keep their lending smooth and flowing. cit, by the way, had borrowed more than $2 billion of your money, taxpayer money, bailout money. we may never see that again. it does hope to try and keep lending to survive this bankruptcy. >>> just a quick one, stocks this morn wk we'll be watching them very closely later on after a wild end to the week last week. thursday a huge rally, about 200 points. then friday, plummeted about 250 for the dow jones industrial average. so we're well below the 10,000 mark now. well, 9,700. the big deal this week is going to be the latest numbers on the job market. the big ones that come out on friday. the monthly employment report. unfortunately, this could be the time that we see 10% for the first time. >> i know. it comes after a week where we saw the gdp, right, go up a little bit? you're just so hoping the j

. >>> the story robin just mentioned before the bank, cit filing for bankruptcy. huge company. i never heard of cit, but this is the lender behind millions of small and medium-sized businesses who helps them get through when, say, somebody hasn't paid and they have to make their payroll. they had borrowed more than $2 million of your taxpayer money to stay alive. that money is likely mostly gone. this is the biggest firm that's filed bankruptcy after getting a bailout. i want to pint out, in case anybody can't see your boots this morning, for some shot where they can. they're so cool. >> thanks. >> good monday morning boots. >> and they're really business like. >> they're all sparkly and gold. >> thank you. thank you very much. >>> times are tough for the u.s. auto industry. a company in the detroit area with a passion for motorcycles is stepping on the gas. stephanie elam goes along for the ride in this small business succes success. >> dave and james kay have always been motorheads. working on the options exchange in chicago and james was at a custom cycle shop in california.

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citigro cit group. they're a big behind the scenes lender, which is why they're really seen maybe not as important for you but maybe the pizza shop in your neighborhood or grocery store. they lend to more than a million small and medium-sized companies. and if they go under, i mean, companies rely on them to help get them through the payroll. sometimes money doesn't come in. they had borrowed more than $2 billion of taxpayer money, your money. you may not -- we may not get that money back. they do hope, though -- you know, bankruptcy doesn't necessarily mean they've gone belly-up. it's like life support. so maybe they'll get out. we'll see. >> maybe, maybe. >>> a quick look at stocks because, boy, friday was a stinker. up 114. some of that, a couple of reports just came out. but the one that seems to be maybe leading the pack here that's gotten the spirits up is the ism, manufacturer services report, basically telling us manufacturing better than expected. you never want to say manufacturing is healthy

. >> straight out to will glover, joining us from the pan ama cit, "news harold." will, what happened this is and what cops to storm the home of the baby-sitter? >> caller: well, apparently, nancy, this morning a story about an e-mail that ms. bake her sent to governor charlie crist detailing allegations of abuse. had piqued the interest of law enforcement. decided to prod them along. to go out to ms. baker's house out in rural washington county. >> right. >> caller: about 8:30 last night, they went in and received consent to search the house. at the back of the bed and pushed back behind things and no oning see them was a 2x3 cedar chest inside when they opened the latch they found alive and well baby shannon. >> you know it's a miracle. and it's my understanding, to you clark goldband, the baby is not just a cardboard box under a bed. this child was in a wooden chest. take a look at this. locked down. it's like a cedar chest. and nothing to eat. nothing -- of course she can't eat. only seven months. no bottle, no toy, nothing. in fact, they had put baking soda in

used for institutions, very broadly across this country as widely as general motors and chrysler to cit any other number of circumstances that we've already seen faced in our country. but again, as i understand the proposal, once the government acts, there is no limit, there is no limit on the amount of fund i funding that can be provided and there is no requirement that the institution must be liquidated. what that means is that when he literally be creating a circumstance in which we increase the potential for u.s. government and taxpayer interventions in the private sector when a company is failing with no limit to what the federal taxpayer can be asked to provide an no requirement that there will be a liquidation of the failing company. that, i believe, is a mistake, a huge mistake in development of a resolution authority. once creditors realize that the government still has this broad authority, there will be an increased hazard that there will be a rush to become those that are too big to fail, to become those that have the implicit government guarantee because those companies wil