Where are our Public Officials, Civic Leaders, and LEGISLATORS????....

From the California Fashion Association:
Report: The New York Stock Exchange halted trading on shares of CIT Group Inc., the largest factor to the apparel industry. Talks ended late on July 15 without a solution; CIT has been told there is “no appreciable likelihood” of government funding in the near term.

Significance of the Bankruptcy
“It sends a chilling message when the government will bail out Wall Street but then turns its back on the biggest lender to Main Street”. (Cass Johnson, National Council of Textile Organizations). The significance of this situation, and its affect on the design based industries of apparel, furniture, toys, etc., is noticeably absent from the “economic impact” analysis being put forth by the local ‘economic gurus’. Just wait until they are faced with real estate vacancies and increased unemployment!
Read more at californiafashionassociation.blogspot

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