MSNBC states “CIT Group Inc.’s board approved a deal with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, according to published reports. CIT’s failure could pose a major threat to the economy, industry representatives have warned. A collapse of CIT could cut off financing just as businesses need it most during the ongoing recession. Its failure could force thousands of companies to drastically cut costs or shut down — driving up unemployment and dashing hopes for a swift economic recovery”

Now that CIT has secured $3 billion to keep it’s doors open for at least the rest of the year, one question small business owners should ask their state representatives is why the federal government doesn’t see it necessary to bailout CIT when it bailed out all the big corporation from wall street?