From the Yahoo board. There was a campaign to get Senator Dodd to remember what he said this summer, specifically, "the Federal government should provide assistance to help CIT Group avert bankruptcy." He said that publicly around July 23, 2009.
He is running for re-election now and you would think as Chairman of the Senate Banking Committee that he could have talked those with power into seeing how a little help could go a long way with CIT Group.
From the Yahoo CIT board...
Senator Dodd said what he said this summer and his political career is on the line with this one.
The people of Connecticut will not forget throwing the small business generator and unemployment reducer CIT Group to be devoured by the CDS placer carnivorous wolves that look as though they almost set CIT Group up to fail before, GET THAT, before the government gave it a 2.3 billion dollar TARP start of a lifeline. Front running of another ilk? We will see. They need to follow through with more effort. That was just inhumane to start and not finish the bailout and forced board and CEO change that usually comes along with that kind of help.
Senate Banking Committee
Christopher J. Dodd Chairman (D-CT)(202) 224-2823
Please follow through with the CIT assistance mentioned July 23, 2009 by your honor as fast as possible. The government should use their various avenues including, but not limited to, TARP Recycle, TLGP, Fed backing, FDIC guarantees, Fed discount window, or many other possible avenues. This company only needs a "small" amount of assistance. Please move quickly because they are initiating an action right now which is tantamount to the outcome that a bankruptcy would have and their other presented alternative is a bankruptcy. There is essentially very little difference as far as the outcome for the current shareholders, including I believe, the government's TARP shareholder investment. CIT Group is known as THE small business lender and most of the jobs in this country are in the small business sector. Thank you.
Senate Banking Committee
Christopher J. Dodd Chairman (D-CT)(202) 224-2823
Richard C. Shelby Ranking Member (R-AL)(202)224-5744
Tim Johnson (D-SD) (202) 224-5842
Jack Reed (D-RI) (202) 224-3542
Charles E. Schumer (D-NY) (202) 224-6542
Evan Bayh (D-IN) (202) 224-5623
Robert Menendez (D-NJ) (202) 224-4744
Daniel K. Akaka (D-HI) (202) 224-6361
Sherrod Brown (D-OH) (202) 224-2315
Jon Tester (D-MT) (202) 224-2644
Herb Kohl (D-WI) (202) 224-5653
Mark Warner (D-VA)(202) 224-2023
Jeff Merkley (D-OR)(202) 224-3753
Michael Bennet (D-CO)(202) 224-5852
Richard C. Shelby Ranking Member (R-AL) (202) 224-5744
Robert F. Bennett (R-UT)(202) 224-5444
Jim Bunning (R-KY)(202) 224-4343
Mike Crapo (R-ID)(202) 224-6142
Mel Martinez (R-FL) Resigned, I believe.
Bob Corker (R-TN)(202) 224-3344
Jim DeMint (R-SC)(202) 224-6121
David Vitter (R-LA)(202) 224-4623
Mike Johanns (R-NE) (202) 224-4224
Kay Bailey Hutchison (R-TX)(202) 224-5922
House Committee on Financial Services
The Committee oversees all components of the nation's housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities. The Committee continually reviews the laws and programs relating to the U.S. Department of Housing and Urban Development, the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, and international development and finance agencies such as the World Bank and the International Monetary Fund. The Committee also ensures enforcement of housing and consumer protection laws such as the U.S. Housing Act, the Truth In Lending Act, the Housing and Community Development Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, and financial privacy laws. Click here for a more detailed description of jurisdiction by subcommittee.
Chairman Barney Frank represents Massachusetts' Fourth Congressional District. The other Democratic members of the Committee are:
Rep. Paul E. Kanjorski, PA
Rep. Maxine Waters, CA
Rep. Carolyn B. Maloney, NY
Rep. Luis V. Gutierrez, IL
Rep. Nydia M. Velázquez, NY
Rep. Melvin L. Watt, NC
Rep. Gary L. Ackerman, NY
Rep. Brad Sherman, CA
Rep. Gregory W. Meeks, NY
Rep. Dennis Moore, KS
Rep. Michael E. Capuano, MA
Rep. Rubén Hinojosa, TX
Rep. William Lacy Clay, MO
Rep. Carolyn McCarthy, NY
Rep. Joe Baca, CA
Rep. Stephen F. Lynch, MA
Rep. Brad Miller, NC
Rep. David Scott, GA
Rep. Al Green, TX
Rep. Emanuel Cleaver, MO
Rep. Melissa L. Bean, IL
Rep. Gwen Moore, WI
Rep. Paul W. Hodes, NH
Rep. Keith Ellison, MN
Rep. Ron Klein, FL
Rep. Charles Wilson, OH
Rep. Ed Perlmutter, CO
Rep. Joe Donnelly, IN
Rep. Bill Foster, IL
Rep. Andre Carson, IN
Rep. Jackie Speier, CA
Rep. Travis Childers, MS
Rep. Walt Minnick, ID
Rep. John Adler, NJ
Rep. Mary Jo Kilroy, OH
Rep. Steve Driehaus, OH
Rep. Suzanne Kosmas, FL
Rep. Alan Grayson, FL
Rep. Jim Himes, CT
Rep. Gary Peters, MI
Rep. Dan Maffei, NY
Republican Members
Rep. Spencer Bachus, AL
Rep. Michael N. Castle, DE
Rep. Peter King, NY
Rep. Edward R. Royce, CA
Rep. Frank D. Lucas, OK
Rep. Ron Paul, TX
Rep. Donald A. Manzullo, IL
Rep. Walter B. Jones , NC
Rep. Judy Biggert, IL
Rep. Gary G. Miller, CA
Rep. Shelley Moore Capito, WV
Rep. Jeb Hensarling, TX
Rep. Scott Garrett, NJ
Rep. J. Gresham Barrett, SC
Rep. Jim Gerlach, PA
Rep. Randy Neugebauer, TX
Rep. Tom Price, GA
Rep. Patrick T. McHenry, NC
Rep. John Campbell, CA
Rep. Adam Putnam, FL
Rep. Michele Bachmann, MN
Rep. Kenny Marchant, TX
Rep. Thaddeus McCotter, MI
Rep. Kevin McCarthy, CA
Rep. Bill Posey, FL
Rep. Lynn Jenkins, KS
Rep. Christopher Lee, NY
Rep. Erik Paulsen, MN
Rep. Leonard Lance, NJ
The above should give you some places to start with your efforts too.
JMHO DYODD GLTA
