Have Treasury and White House Officials lost their minds in not helping CIT? Clear thinking would indicate that if CIT goes into bankruptcy a significant number of jobs could be put in jeopardy. It is completely and utterly unbelievable that with the unemployment rate at 9.5 % and climbing and the almost unanimous consensus amongst economist that unemployment is the critical economic problem facing the nation and the critical problem hampering a strong recovery from the current recession. CIT is a lender to 950,000 mostly small and midsize businesses WSJ. CIT (provides lending) services to about 300,000 retailers and 1900 manufactures and importers scattered all over the world. CIT finances as much as $40 billion in receivables (advances to U.S. manufacturers) in the U.S. WSJ. The retail industry is the largest source of employment in the U.S. economy and CIT is a major foundational column for this industry in its financing of account receivables and the U.S. government is just going to let this company fail at this economically fragile time in our countrys history. U.S. government officials are acting incompetent and negligent here. U.S. government officials cant let CIT fail here. The U.S. government needs to give CIT the two to three billion dollar loan it is looking for or guarantee payment on the account receivables for CITs customers if CIT needs to go into bankruptcy to reduce its debts and provide debtor in possession financing when CIT goes into bankruptcy or come up with another viable salvage plan for CIT. Members of Congress need to get their heads out of the sand and start speaking out here and call for saving CIT and protecting the jobs that are in jeopardy here with CITs faltering.