On July 12, 2009, American Small Business League President Lloyd Chapman appeared on FOX News Channel to discuss the potential closure of America's #1 small business lender CIT. Chapman stated boldly that the government should be bailing out institutions like CIT because of its capacity to lend to small businesses in need. Small businesses are the backbone of our nation's economy. It is not reasonable to allow our nation's backbone to be broken because they cannot access the loans they need.
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