I think it is clear from most of economic writers and the published data from the Fed that the recovery is not taking place as fast as expected. The central factor is the lack of lending, especially to small businesses and consumers. It will be counter productive, therefore, for the Obama administration to allow CIT to go into bankruptcy. Rather, the FDIC should be given authority to take over CIT, replace management and its directors, and continue its activities to further the industrial and retail operations of our nation's small businesses.