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###EXTRA###EXTRA###Regular Edition to Follow####

CIT End is Near

##### Press Release ####################################

Jeffrey M. Peek to Lead Restructuring Effort through Year-End

NEW YORK---CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that Jeffrey M. Peek has informed the Board of Directors that he plans to resign as Chairman and Chief Executive Officer from CIT effective December 31, 2009. The Board is forming a Search Committee to oversee the recruitment process and ensure a smooth leadership transition at the Company.

CITs recently launched restructuring plan is designed to enhance its capital levels, bolster liquidity and return the Company to profitability, said Mr. Peek. By strengthening CITs financial position, the Company will advance its bank-centric model and invigorate its market-leading franchises which support the small business and middle market sectors of the economy. Now is the appropriate time to focus on a transition of leadership, and I look forward to working closely with our Board during that process.

Vice Admiral John Ryan, Lead Director, speaking on behalf of the Board of Directors, said, We are grateful for Jeff's many contributions to the Company. He has exhibited remarkable commitment and resolve while also providing invaluable leadership during a challenging period. We are pleased that Jeff has committed to remain fully engaged as CEO through the end of the year, and he will continue to have our complete support as we conduct the search for his successor.

About CIT

CIT (NYSE: CIT) is a bank holding company with more than $60 billion in finance and leasing assets that provides financial products and advisory services to small and middle market businesses. Operating in more than 50 countries across 30 industries, CIT provides an unparalleled combination of relationship, intellectual and financial capital to its customers worldwide. CIT maintains leadership positions in small business and middle market lending, retail finance, aerospace, equipment and rail leasing, and vendor finance. Founded in 1908 and headquartered in New York City, CIT is a member of the Fortune 500.

Lease Corporation of America is seeking a select group of business development professionals to participate in our Independent Sales Associate program.
This is a commission only program that can lead to permanent employ with base salary, commission and benefits.

John Martella
LCA Financial, llc
Phone: 800.800.8098 ext. 5209
Direct: 248.743.5209

Monday, October 12, 2009

Singer/Violinist/Songwriter Martie Maguire (Martha Elenor Erwin) born October 12, 1969, in York, Pennsylvania; founding member of the female alternative country band, "Dixie Chicks."


Classified Ads---On Line Employment Sites
    The List-up-dated/September
Leasing Companies Out of Broker Business
    Classified Ads---Help Wanted
Stress Release Program for your Computer
    Leasing News #1 in Alexa Report
        Leasing News Top Stories-October 5-9
Leasing 102 by Mr. Terry Winders, CLP
    Basic Lease Agreement
Capital Funding Focus at ELFA Convention
    Dallas, Texas--"Adopt a Pet"
News Briefs----
Banks cutting back on loans to businesses
    Failures of Small Banks Grow, Straining FDIC
        BofA Chairman final BofA task a big one
'Dancing with the Stars' stumbles in popularity
    Bank buys Al Capone's Wisconsin hideout
   You May have Missed---
      California Nuts Brief---
        Sports Brief---
"Gimme that Wine"
    Today's Top Event in History
        This Day in American History
Baseball Poem
Daily Puzzle
        Weather, USA or specific area
Traffic Live----

######## surrounding the article denotes it is a “press release”


Classified Ads---On Line Employment Sites
ELFA Career Center

For a full listing of all "job wanted" ads at American Leasing, please go to:

To place a free "job wanted" Leasing News ad:



The List-up-dated/September

"The Good, the Bad and the Ugly"-
--- Mergers, Acquisitions & Changes

Relational Technology Solutions, Rolling Meadows, Illinois (09/09) Informed sources say company sold to Macquarie Group, Sydney, Australia, most of 350 employees being let go, it is said.

Irwin Financial, Columbus, Indiana (09/09) FDIC closes Irwin sells to First Federal. (Irwin Union Bank), Columbus, Indiana, Irwin Union Bank, F.S.B. (Louisville, Kentucky) (09/09) Irwin desperately trying to stay alive (09/09) sells three branches, reportedly trying to raise money, undercapitalized.

IFC Credit, Morton Grove, Illinois (09/09) Trustee to run company until November 6, Creditors have until November 9, 2009.

Lombard, part of The Royal Bank of Scotland Group (09/09) Exits broker marketplace worldwide, including USA.

OfC Capital, Roswell, GA (09/09) Exits Leasing

(In both "alphabetical" and "chronological order)

Alphabetical Order

Chronological Order

(click on ad to learn more)
(Leasing News provides this ad "gratis" as a means
to help support the growth of Lease Police



Leasing Companies Out of Broker Business

These are companies who are either out of business who worked with independent equipment leasing brokers or no longer are doing business with independent equipment brokers within the last year. This is not a list of companies who do not do business with independent equipment brokers.

ACC Capital Corporation, Salt Lake City, Utah
(no longer "application only"-new $100,000 mininum)
Advantage Business Capital, Lake Oswego, Oregon
AEL Financial, Buffalo Grove, Illinois
*(No longer taking new broker business)
Balboa Capital, Irvine, Ca
Bankers Healthcare Group, Weston, FL.
C and J Leasing Corp, Des Moines, Iowa
Churchill Group/Churchill Leasing, Jericho, NY
CIT Group (limited)
Columbia Bank Leasing, Tacoma, WA
Court Square, Malvern, Pennsylvania
Creative Capital Leasing Group, LLC, San Diego, CA
Diversified Financial Service, Omaha, NE
Equipment Finance Partners, a division of Altec, located in
Birmingham, Alabama
Evans National Leasing, Inc., Hamburg, NY
Excel Financial Leasing, Lubbock Texas
First Corp.(IFC subsidiary), Morton Grove, Illinois
First Republic Bank, San Francisco, Ca
GE Capital, Conn (limited)
Global Funding LLC., Clearwater, FL
Greystone, Burlington, MA
Heritage Pacific Leasing, Fresno, CA
Hillcrest Bank Leasing, Overland Park, KS
Huntington Equipment Finance, Vendor Finance Group,
IFC Credit Corp., Morton Grove, Illinois
Bellevue, Washington
Irwin Financial (Irwin Union Bank), Columbus, Indiana
Irwin Union Bank, F.S.B. (Louisville, Kentucky)
Lakeland Bank, Montville, NJ
LaSalle Systems Leasing
LEAF Third Party Funding, Santa Barbara, Ca.
Lombard, part of Royal Bank of Scotland, worldwide
Marlin Leasing, Mount Laurel, NJ
Marquette Business Credit Inc., Minneapolis, Minnesota
M&T Credit (Bank)
MericapCredit, Lisle, Illinois
Merrill Lynch Financial
Mesa Leasing, San Diego, California
Midwest Leasing Group,Livonia, MI
National City, Cleveland, Ohio
Navigator (Pentech subsidiary) San Diego, California
OFC Capital, Roswell, Georgia
Pentech Financial, Campbell, CA
PFF Bancorp, Inc, Pomona, CA
Pinnacle Business Finance, Fife, Washington
Pioneer Capital Corporation, Addison, Texas
PredictiFund, a subsidiary of Capital Access Network, Inc
Popular Finance, St. Louis, Missouri
Radiance-Capital, Tacoma, WA
Rational Technology Solutions, Rolling Meadows, IL
Sandy Springs, Olney, MD
Sovereign Bank, Melville, New York
SunBridge Capital, Mission, Kansas
Suncoast Equipment Funding Corp., Tampa, Florida
TechLease, Morgan Hill, California
Textron Financial
Triad Leasing & Financial, Inc., Boise, Idaho
Union Capital Partners, Midvale, Utah
Velocity Financial Group, Rosemont, Illinois
VenCore, Portland, Oregon
Vision Capital,San Diego, California
Wachovia Bank Leasing
Washington Mutual Financial
Western Bank, Devils Lake, ND
Westover Financial, Inc., Santa Ana, California




Classified Ads---Help Wanted


2 years + vendor driven experience
Active with major trades shows, vendor programs and Pefunding
Small office environment, with knowledgeable staff member and 17 year reputation for performance
Quality funding sources
Large commission structure with book of business

Confidential Interview:
Barbara Griffith 714-573-9804 ext 101


Lease Corporation of America is seeking a select group of business development professionals to participate in our Independent Sales Associate program.
This is a commission only program that can lead to permanent employ with base salary, commission and benefits.

John Martella
LCA Financial, llc
Phone: 800.800.8098 ext. 5209
Direct: 248.743.5209


2 years+ small ticket ($150k and under) experience
We offer the ability to structure and fund Vendor Programs, great
commission splits; friendly support staff in beautiful Carlsbad, CA.
Remote office work is acceptable for the right candidate.
More Info: click here or Email

ILS is a direct lender specializing in
Vendor Program business.


Sales positions in the Western United States
5 years+ small ticket or mid market experience
Established customer/vendor relationships a plus. Draw/Base
plus commission. Submit resume to:

TEQlease provides customized equipment leasing solutions for businesses.



Stress Release Program for your Computer

Stress Relief---

You have two options for this software program:

First option is OPEN the file without saving it. You can see how this works, then decide if you want to “save” and have it as an executable file.

In the open mode, it works, but once you exit, the application is no longer available. You have to install it each time you want to use it.

The second option is to “SAVE “the “.EXE” on to your computer. You will have the application available to use any time, until you decide to delete the program.

Note: Hit the Esc to quit the application in either option.



Leasing News #1 in Alexa Report

Alexa Ranks Leasing Media Web Sites

198,451  Leasing News
454,587  eLessors Networking Association
679,660 Monitor Daily
1,083,305 Ind Community Bankers of America
1,188,673* National Assoc. of Equip Leasing Brokers
1,499,056 The Journal for Asset Finance
2,424,275  Commercial Finance Association

2,771,533 World Leasing News
2,464,414 National Equipment Finance Association
3,206,313   CLP Foundation
2,960,087  Institute of International Container Lessors
4,540,808 Equip. Leasing & Fin Fndn
6,860,861  Exec Caliber-Jeffrey Taylor
11,899,426  Assoc of Government Leasing  Financing
12,942,170 Lease Assistant
15,226,080 Lean -Lease Enforcement Att Net
16,998,216 Leasing Press
No Data Leasing Notes

David G. Mayer's Business Leasing and Finance News is not included in the Alexa report list as it does not have its own individual site and Alexa finds Patton Boggs, LLP Attorneys at Law.  The rating is not valid as it includes all those who visit and communicate with the law firm.  When Business Leasing and Finance News has its own individual web site, it will be included in the Alexa survey.

*It should be noted that NAELB web site "list serve" requires logging onto their site, meaing their e-mails are counted as a visit to the site, whereas they are "list serve" communication.  These are technically visits to the web site, but primarily to use "list serve."

The Alexa tool bar works on most browsers.
They are partnered with Google.

You may download their free tool bar A graph and analysis of the last three months are available.



Leasing News Top Stories-October 5-9

Here are the top ten stories opened by readers:

(1) NAELB Members Prayers for Lisette and her family

(2) Archives-October 9, 2000
44 Leasing Companies Major Change

(3) Alert--Brican America, Miami, Florida

(4) Goldman May Get $1 Billion if CIT Files for Chapter 11

(5) BBB: Rating Leasing Companies

(6) If you had Lease Police...

(7) CLP President in the News Again

(Tie) (8) Cartoon---"I'm Going with the Dancing Girls"

(Tie) (8) Leasing 102 by Mr. Terry Winders, CLP
Lease Documentation

(9) Sales make it Happen---by Robert Teichman, CLP
Moving Up-Selling into the Middle Market

(10) Charge-Offs, Delinquencies Expected To Increase



Leasing 102
by Mr. Terry Winders, CLP

Basic Lease Agreement

The lease agreement comes in two forms (1) a lease agreement containing all the requirements to lease a specific description of goods with a brief acceptance that is a part of the lease agreement itself. (2) A master lease agreement that contains all of the standard provisions of a lease arrangement but leaves the identifying of the equipment and the terms to a supplement document or the lease acceptance certificate so multiple types of equipment with different terms can be leased under the same master agreement. Regardless of the location of the specifics of the individual lease the lease must contain the following provisions:

One note, prior to the discussion on lease provisions. The size and type of lease will dictate that certain provisions may or may not be included in the document. As the market may require the lessor may be willing to absorb certain risks and therefore shorten the length of the document to make it more acceptable to the lessee. As the size and risk increases the length of the lease agreement usually gets longer and more complex. The following is a list of the provisions found in most middle market leases.

Agreement to lease; both the lessee and the lessor agree to lease the equipment as identified with a complete description of Equipment including all attachments, accessories, repairs and or additions. (may be attached as schedule A) The lessee must receive instructions on Acceptance/Rejection procedure and the lessor has termination rights, if something prior to acceptance happens to change the risk. Also the document must incorporate all additional forms such as Schedules and Certificates as part of this lease.

Net Lease Provisions; The lease must contain a statement that the Lessee's obligation to pay is absolute and unconditional regardless of set-off, defense, counterclaim or other claims against lessor. The lessor must disclaim any knowledge of equipment's uses or performance capabilities. This is called a disclaimer of Warranties, expressed or implied. The lessee obligation to pay rent is net of all other obligations due under the lease. The lessee must pay the rent come "hell or high water." This means the lessee can not claim the equipment's failure to perform is a reason to stop paying rent.

Rent Requirement; The initial term and the non-cancellabity of the term are stated as well as late charges (percentage of rent) for payments received after so many days after due date. Occasionally a default is declared if the payment is not received or cured within ten days of notice or some lease agreements declare the lease to be in default five days after due date regardless of the term for late charges.

Warranties and agreements; Lessee agrees that the equipment is of a size and design selected by lessee. The lessee agrees that the lessor is not the manufacturer (vendor) or manufacturer's (vendor's) agent. The selection, servicing and maintenance of the equipment is at the lessee's risk and expense. The equipment is to be operated by qualified personnel in the regular course of lessee's business and not for personal or consumer use. The equipment to only be used in compliance with all applicable laws and within equipment specifications and the terms of insurance should comply with lessor's wishes according to the specific use the lessee expects for the equipment. (complete insurance requirements explained in later provision). The lessee agrees to maintain the equipment according to industry standards in good condition and repair. (additional return provisions in later provision) The lessee leases the equipment "as is" and accepts receipt of, and knowledge of, the Supply contract from the vendor and must refer any equipment performance issues to the vendor. The lessee will not assert or claim for anticipatory profits or consequential damages against lessor. They also agree to execute any documents, including ownership, deemed necessary by lessor. We also need assurances that the person signing the lease has authorization to enter into the lease.

Loss or Destruction of Equipment; if the equipment is loss or destroyed the risk of loss passes to the lessee and the lessee agrees to contact the lessor immediately. The value of the loss to the lessor is the unpaid rent plus a reasonable estimate of the equipment's value at the end of the lease plus any accrued and unpaid rentals plus all other amounts then due and remaining unpaid. If the equipment was made inoperable due to an accident and can be repaired then the lessee must under take the repairs to return the equipment to operating conditions. If the equipment has been destroyed the lessor may take the insurance proceeds and apply them to the unpaid balance and the lessee will be responsible for the balance. The loss of the equipment does not release the lessee from any of the obligations and liabilities stated in the lease agreement.

Insurance; The lessee agrees to procure and maintain physical damage on the equipment with the lessor listed as a "loss payable" and procure and maintain liability insurance and name the lessor as "additional insured." Polices to provide payment of proceeds to Lessor. Policy to provide that lessor's interest will not be invalidated by acts, omissions or neglect of any other. The lessor usually requires that the Insurer agrees to give the Lessor prior notice before cancellation or material change to the policy. The Lessor also needs power of attorney to endorse two party checks from insurance proceeds. (In a later provision the lessor receives the right to perform duties and obligations of the lessee to protect the interest of the lessor such as purchase and bill the lessee for insurance if the lessee fails to provide adequate or no insurance coverage).

Taxes; If this is a "net lease" so the lessee must agree to pay all taxes or assessment fees levied on the equipment.(property taxes, sales taxes, school taxes,. County taxes etc.) The lessee agrees to complete the tax returns and report same to lessor. Lessee must maintain records as to tax payments and will be subject to lessor's audit of tax payments. All tax obligations survive the termination of the lease.

Tax Indemnity; If the transaction is a lease where the lessor is depending on capital recovery benefits and a federal or State corporate income tax rate for the development of the lessors return on the investment, a tax Indemnity is required that will allow the lessor to adjust the rent payments to maintain the original yield, or margin, in light of the changes that occur in the tax code or corporate tax rate.

Lessor's ownership, storage and identification of equipment; Ownership of the equipment, is and always will be, in the name of the lessor. The lessee must protect and defend lessor's ownership at his own expense. The lessee cannot have any liens or claims placed on the equipment from repairs or other uses. The equipment cannot be modified or changed to perform any duties for which it was not intended. Lessee may be requested to label the equipment for the lessor and agrees to do so if requested. The lessee surrenders the power of attorney to the Lessor so the lien filings required under the new Article 9 can be handled without the lessee's signature. If permission is not included in the lease than a UCC1 would have to be signed by the lessee to file the lien.

Possession, Location, Right of Inspection, and Assignment; the lessee must agree to keep the equipment personal property and identity the equipment's location and not remove it from that location without the Lessors permission. A new location may require a different taxing authority with different rates and a new location lien filing. Mobile equipment may be moved within the State but if it leaves the State for any extended stay the lessor must be notified. The lessor must have the right to inspect the equipment within normal working hours so long as it does not disturb the lessee's normal business activity. The lessee agrees not to sell, or dispose, of the equipment. Also the lessee may not sublease the equipment without the lessor's written permission. The lessor has the right to assign the lease and may grant a security interest in the lease to others. The lessee's rights shall be subordinate to rights of the secured party.

Events of default; what events will trigger a default? Failure to pay rent when due. A breach of any warranty or provision hereof or any other instrument. A breach of any provision of this lease that is not cured within (so many days.) If the lessee ceases to do business as a going concern. If the lessee becomes insolvent. If the lessee admits in writing to the inability to pay rents as they are due. The lessee takes advantage of any law for relief of debtors. If any property of the lessee is attached. If a tax lien is filed on any property of the lessee. If the lessee files a petition of bankruptcy or an involuntary bankruptcy filing is filed in lessee's name. The lessee or its shareholders take action to dissolve or liquidate the firm. The cross default provision means that a default on any other financial transaction with the lessor or any other entity the lessor is affiliated with is a default under this lease.

The remedies of the lessor; If the lessee defaults the Lessor's claim for damages includes: accrued but unpaid rent, accelerated future rents (discounted at (some %)), Reasonable costs and expenses, including attorney's fees and estimated equipment value at termination. The lessor can accelerate rents with or without notice, enforce performance at law or equity, and recover damages for breach. The Lessor has the right to require Lessee to assemble the equipment for repossession.

The Lessor by identifying Article 2A brings in all of the remedies allowed by the Uniform Commercial Code. These remedies include allowing the Lessor to enter the premises and repossess. However the Lessee waives rights to possession after default and to claims of loss based on repossession. Then the Lessee to pay liquidated damages of accrued but unpaid rental and all other amounts due and payable plus expenses of retaking and selling the equipment and associated attorney's fees. If necessary, suit may be brought to enforce payment and performance including the right to proceed against all Lessee's assets, however held. In addition all remedies are cumulative and any waiver of any default is not a waiver of any other. Lessee to pay all expenses of Lessor in enforcing its rights including attorney fees.

One note of interest in remedies of the Lessor. The right to enter the premises to repossess the equipment assumes the control of the premises is in the hands of the Lessee. If the premises is controlled by a landlord or a mortgagee then the right to enter may be denied. Then the lessor will have to enter suit in State Court to gain the right to retrieve the equipment. All of this could have been shortened by having the landlord or mortgagee sign a waiver allowing the Lessor to enter the premises upon default or termination of the lease to retrieve the leased equipment. This agreement is called a Landlord Waiver. Also if the property has been seized by a mortgage holder then a mortgagee wavier may also be necessary.

Compliance with Article 2A disclosure; Article 2A requires the lessor to make sure the following subjects are contained in the lease: Choice of Law, also the lessee has reviewed and approved the Purchase Contract, and been provided the name and address of the vendor. The lease must contain; disclaimer of Warranties, consent to jurisdiction and venue, commercial risk to Lessee, the non-Cancellability of the lease, the obligations are unconditional, a disclaimer of warranty and a waiver of trial by jury. Without these subjects included in the lease the transaction may not comply with the legal requirements for a lease and be ruled a loan.

Lessee waivers of Article 2A remedies; The lessee must waive, in the lease contract, the following subjects to insure a 2A lease; Right to cancel, Right to repudiate, Right to reject Equipment, Right to revoke acceptance, Right to recover damages from lessor for breach of warranty, Right to claim a security interest in equipment, Right to deduct claimed damages from rent, Right to recover general, special, incidental, or consequential damages from Lessor, Right to specific performance, replevin, detinue, sequestration of equipment.

Hold Harmless; The Lessee must agree to indemnify, defend, protect and keep Lessor harmless from and against all liabilities, and losses, at its sole expense. "Liabilities" includes obligation, losses, damages, suits and expenses imposed on, incurred by or asserted against Lessor on the Equipment relating to selection, manufacture, purchase, delivery, lease, possession, use, condition, return or other disposition of the equipment. Such claims include defect, trademark, tort, anticipatory profits or consequential damages.

Equipment Return Provisions; The lessee is required to give notice of intention to return the equipment at least 90 days prior to the end of the Lease. After the notice the lessee will receive notice of the location the equipment must be returned to. Upon return the equipment will be subject to an inspection to determine if the equipment meets the condition requirements of the lease. The return conditions usually require that the equipment be able to perform the task to which it was originally intended. Normal wear and tear excepted. Any cost to return the equipment to operable condition is at the expense of the lessee. On occasion the lease requires an inspection fee upon return so the equipment can be inspected by an expert in that type of equipment assuming the lessor in not familiar with the equipment and would not be able to do an adequate inspection. These inspection fee usually capped according to the type of equipment leased. Currently some States are requiring the Lessor to Contact the Lessee and give notice that the term for end of the lease notice is on a specified date to remind the lessee of this provision or the provision is unenforceable.

Notices; All notices to be personally delivered or sent by certified mail at addresses on Lease or last known address. Each agrees to give the other prompt notice of claim and liability. Lessee will send assignee or secured party any notice it sends Lessor. Both parties agree that notice is satisfied by mailing.

Miscellaneous; any provision contrary to, prohibited by or invalid under applicable law is inapplicable, but will not invalidate remaining provision. This means that anything that is unenforceable does not invalidate the balance of the contract. In addition the Lease is the entire agreement between Lessor and Lessee and no oral agreement will be binding on the lessor. No waiver or change will be binding except in writing. The Choice of Law, Choice of jurisdiction, and Choice of Venue.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-327-8666. He invites your questions and queries.

Previous #102 Columns:

(This ad is a "trade" for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)




Capital Funding Focus at ELFA's 48th Annual Convention
Funding Strategies and Funding Source Opportunities

Washington, DC---The Equipment Leasing and Finance Association's (ELFA) 48th Annual Convention convenes this month amid continuing challenges in U.S. financial markets. ELFA convention sessions will address key issues and offer perspective on the impact of and strategies for handling market pressures on the equipment finance sector. With funding at the top of everyone's list of critical issues, ELFA will host a new networking opportunity, the Funding Source Connection and convention sessions will include "Capital Update - A Review of Equity and Debt Funding Strategies."

The Funding Source Connection was added to this year's convention as a vehicle for attendees to more effectively bring together ELFA members seeking sources of funding and lending sources looking for investment opportunities.

"With the reduction in funding sources evident over the past year and less capital availability and tighter funding parameters, we've designed this event and session to help companies that have been restricted in their ability to raise capital and to stress to ELFA convention attendees our efforts to add value to an already important program," said Dennis Roesslein, Senior Vice President - Lease Banking, MB Financial Bank, N.A. and ELFA Funding Committee Chair. "Our focus on capital issues is one of the many features that make convention attendance a must for equipment finance professionals," Roesslein said.

Another important feature for companies attending ELFA's 48th Annual Convention is the breakout session, "Capital Update - A Review of Equity and Debt Funding Strategies," which will focus on:

what it takes to raise money across the entire capital stack today private equity firms that will fund and under what conditions what's happening with the secured lending and securitization markets strategies used by successful players involved in mergers and acquisitions and asset sales.

About the ELFA 48th Annual Convention

The ELFA Annual Convention is the premier event for the equipment finance industry. The convention program is designed to help members understand, plan for and benefit from the new equipment finance marketplace. The program will have three full days of educational sessions and networking. For more information or to register now, please visit

About the ELFA

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $650 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its over 600 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit

The Equipment Leasing & Finance Foundation is the non-profit affiliate to the Equipment Leasing and Finance Association, providing future-focused research to the equipment finance industry. For more information please visit the website at



"Adopt a Pet"
The Society for the Prevention of Cruelty to Animals has many adoption centers. Look for one in year area on line. Many have web sites with dogs and cats available on line.




News Briefs----

Banks cutting back on loans to businesses

Failures of Small Banks Grow, Straining F.D.I.C.

BofA Chairman final Bank of America task a big one

'Dancing with the Stars' stumbles in popularity

Al Capone's Wisconsin hideout: Bank buys 407-acre estate for $2.6 million,0,4933995.story



You May have Missed---

Thousands of Homeowners Cite Drywall for Ills



California Nuts Briefs---

Schwarzenegger releases some bills

What will happen to California?



Sports Briefs----

Woods hits clinching putt; USA wins The Presidents Cup

Yankees Sweep Twins to Advance to A.L.C.S.

Falcons deliver a beat down to 49ers

49ers Lewis leaves with concussion

Manning shines as Giants beat Raiders 44-7

Dallas Cowboys edge Kansas City Chiefs, 26-20

'Special' win for McDaniels vs. Patriots

Tom Cable, Randy Hanson in Limbo as DA Mulls 'Textbook Felony Assault Case'|htmlws-main|dl5|link4|



"Gimme that Wine"

SF Chronicle: 2009 Best Wine Getaways

Free grapes and over-supplied wineries

North Coast Winegrapes on the Market

White wines to warm up your fall meals,0,7759669.story

Wine Talk: Sean Connery

Wine Prices by vintage
US/International Wine Events
Winery Atlas
Leasing News Wine & Spirits Page
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.



Today's Top Event in History

1999-- According to the United Nations, the population of the world reached six billion on this date. More than one-third of the world's people live in China and India. It wasn't until 1804 that the world's population reached one billion; now a billion people are added to the population about every 12 years.


This Day in American History

(no drawing exists, it is a guess what he looked like)

His name was Cristoffa Columbo, but in English: Christopher Columbus. He never landed in either South or North America, and thought it was India, that's why we call natives of the America's: 'Indians.' ("Indios" but in English, Indians. They were Lucayan.) He is celebrated today for landing in what is now known as the Bahamas. Columbus called the island San Salvador; the natives called it Guanahani. Exactly which island in the Bahamas this corresponds to is an unresolved topic; prime candidates are Samana Cay, Plana Cays, or San Salvador Island (so named in 1925 in the belief that it was Columbus's San Salvador). Dutch sailor Piet de Stumi, or DeStynie, persuaded Columbus to change the log and make it seem that Oct 12 was the date of the first New World landing. The real date, Oct 13, might have caused superstitious fear in the other sailors or in potential investors in later voyages. The change was detected by an Italian history study group named the Colombiani.

Columbus Day was first celebrated on October 12, 1792, to mark the tercentennial of Christopher Columbus's first landing in the New World. A monument was dedicated in Baltimore, MD, for this occasion. The colonials were "infatuated" with Columbus and at one time the most popular name of our country was to be Columbia, and a one vote changed it from the United Colonies to the United States after a compromise was made to name the nation's capital Columbia. Later it became known as the District of Columbia.

Contrary to popular belief, his four trips to the New World made him a very rich man. He should be credited for bringing back Tobacco that addicted everyone in Europe, plus introduced other plants, but his product was not gold, but a lot of native "Indian" slaves. After four trips to the Caribbean Islands, he basically began the de-population of the area and thus the reasons slaves were eventually kidnapped from Africa to do the labor. The area became the debarkation for Europe for several centuries. The population today in the Caribbean is primarily European and African in origination, very few 'Indian' descendants on the islands.
Map of the Bahama's:

     1710- Birthday of Jonathan Trumbull, American patriot, counselor and friend of George Washington, governor of Connecticut Colony, born at Lebanon, CT, died there, August 17, 1785.
    1802, the first West Point graduates were Joseph Gardner Swift of Massachusetts and Simon Magruder Levy of Maryland, also the first graduate of the Jewish religion. They graduated as second lieutenants. They were the only students to graduate of the original class of 10, which consisted of 5 men from Massachusetts, and1 each from Connecticut, Maryland, Missouri, New York and Virginia. Levy resigned from the army in 1805 because of contracting the measles, quite serious in its day. Swift was brevetted a brigadier general on November 11, 1813 for his heroism in the battle at Chrysler's Field in Upper Canada. On February 19,184, he was promoted to brigadier general for her meritorious service in the defense of New York in the War of 1812. He became head of the Military Academy in 1816 and retired from the Army in 1818. He died in 1865.
     1843- The B'Nai B'rith (Sons of the Covenant) was founded in New York City by Henry Jones and 11 others.
     1854-Lincoln University of the Commonwealth of Pennsylvania was chartered in April 1854 as Ashmun Institute. Since its inception, Lincoln has attracted an interracial and international enrollment from the surrounding community, region, and around the world, its alumni include: Langston Hughes, '29, world-acclaimed poet; Thurgood Marshall, '30, first African-American Justice of the US Supreme Court;
     1882- The first hotel to install electric lights was the Prospect House, Blue Mountain Lake, NY. In 1881, the electricity was installed, but the lights were not entirely dependable. In 1882, the Duke of Beranga and his party arrived after dark to celebrate Columbus Day. As they were show to their rooms the lights went out, but after a slight delay the lights went on again. History records this event, and states the name of the hotel was later changed to the Eutowana.
     1914- Annette Abbott Adams became the first U.S. federal prosecutor who was also a woman when she was sworn in an Attorney General in California.
     1918--HERIOT, JAMES D. Medal of Honor Rank and organization: Corporal, U.S. Army, Company I, 118th Infantry, 30th Division. Place and date: At Vaux-Andigny, France, 12 October 1918. Entered service at: Providence, S.C. Birth: Providence, S.C. G.O. No.: 13, W.D., 1919. Citation: Cpl. Heriot, with 4 other soldiers, organized a combat group and attacked an enemy machine-gun nest which had been inflicting heavy casualties on his company. In the advance 2 of his men were killed, and because of the heavy fire from all sides the remaining 2 sought shelter. Unmindful of the hazard attached to his mission, Cpl. Heriot, with fixed bayonet, alone charged the machinegun, making his way through the fire for a distance of 30 yards and forcing the enemy to surrender. During this exploit he received several wounds in the arm, and later in the same day, while charging another nest, he was killed.
     1918-WOODFILL, SAMUEL Medal of Honor Rank and organization: First Lieutenant, U.S. Army, 60th Infantry, 5th Division. Place and date: At Cunel, France, 12 October 1918. Entered service at: Bryantsburg, Ind. Birth: Jefferson County, Ind. G.O. No.: 16, W.D., 1919. Citation: While he was leading his company against the enemy, his line came under heavy machinegun fire, which threatened to hold up the advance. Followed by 2 soldiers at 25 yards, this officer went out ahead of his first line toward a machinegun nest and worked his way around its flank, leaving the 2 soldiers in front. When he got within 10 yards of the gun it ceased firing, and 4 of the enemy appeared, 3 of whom were shot by 1st Lt. Woodfill. The fourth, an officer, rushed at 1st Lt. Woodfill, who attempted to club the officer with his rifle. After a hand-to-hand struggle, 1st Lt. Woodfill killed the officer with his pistol. His company thereupon continued to advance, until shortly afterwards another machinegun nest was encountered. Calling on his men to follow, 1st Lt. Woodfill rushed ahead of his line in the face of heavy fire from the nest, and when several of the enemy appeared above the nest he shot them, capturing 3 other members of the crew and silencing the gun. A few minutes later this officer for the third time demonstrated conspicuous daring by charging another machinegun position, killing 5 men in one machinegun pit with his rifle. He then drew his revolver and started to jump into the pit, when 2 other gunners only a few yards away turned their gun on him. Failing to kill them with his revolver, he grabbed a pick lying nearby and killed both of them. Inspired by the exceptional courage displayed by this officer, his men pressed on to their objective under severe shell and machinegun fire.
     1918 - Forest fires ravaged parts of Minnesota from the Duluth area northeastward, claiming the lives of 600 persons. Smoke with a smell of burnt wood spread to Albany NY and Washington D.C. in 24 hours. Smoke was noted at Charleston SC on the 14th, and by the 15th was reported in northeastern Texas.
     1920 - Construction of the Holland Tunnel got underway. The tunnel would provide a direct link between Twelfth Street in Jersey City, NJ and Canal Street in New York City. The tunnel has two tubes more than 8,000 feet (2,400 meters) long. It opened to traffic on November 13, 1927. Oh, and one more thing: The Holland Tunnel was named for Clifford Milburn Holland (1883-1924), the civil engineer who died while directing the tunnel's construction.
     1923 -- In front of the largest crowd in baseball history, 62,430 fans are on hand to see Casey Stengel hit his second home run of the Series. The round-tripper proves to be the difference as Giants hurler Art Nerf outduels Sam Jones and the Bronx Bombers in Game 3 of the Fall Classic, 1-0.
     1932-- American comedian, social activist, social critic, writer Dick Gregory (born Richard Claxton Gregory) on October 12, 1932 in St. Louis, Missouri. Dick Gregory's first TV appearance was on the late night Jack Paar show. He soon began appearing nationally and on television and his 1964 autobiography, "Nigger," has sold ten million copies. At the same time, he became more involved in struggles for civil rights, activism against the Vietnam War, economic reform, anti-drug issues, conspiracy theories, and become more political than a stand-up comedian.
     1937 - The longest-running detective show on radio debuted. "Mr. Keen, Tracer of Lost Persons" lasted until 1955. Three different actors played the title role, Bennett Kilpack was Mr. Keen the longest, and Arthur Hughes saw the final show.
     1939-- pianist Mary Lou Williams records Little Joe from Chicago.
     1942-SCOTT, NORMAN Medal of Honor Rank and organization: Rear Admiral, U.S. Navy. Born: 10 August 1889, Indianapolis, Ind. Appointed from: Indiana. Citation: For extraordinary heroism and conspicuous intrepidity above and beyond the call of duty during action against enemy Japanese forces off Savo Island on the night of 11-12 October and again on the night of 12-13 November 1942. In the earlier action, intercepting a Japanese Task Force intent upon storming our island positions and landing reinforcements at Guadalcanal, Rear Adm. Scott, with courageous skill and superb coordination of the units under his command, destroyed 8 hostile vessels and put the others to flight. Again challenged, a month later, by the return of a stubborn and persistent foe, he led his force into a desperate battle against tremendous odds, directing close-range operations against the invading enemy until he himself was killed in the furious bombardment by their superior firepower. On each of these occasions his dauntless initiative, inspiring leadership and judicious foresight in a crisis of grave responsibility contributed decisively to the rout of a powerful invasion fleet and to the consequent frustration of a formidable Japanese offensive. He gallantly gave his life in the service of his country.
    1944--Frank Sinatra made his triumphant return to the famed Paramount Theatre in Times Square (he had played there for eight weeks starting on December 30, 1942). In what was called the 'Columbus Day Riot', 25,000 teenagers, mostly young women, blocked the streets, screaming and swooning for Frankie. Sinatra later explained, "It was the war years, and there was a great loneliness. And I was the boy in every corner drug store ... who'd gone off, drafted to the war. That was all."
     1944---Top Hits I'll Walk Alone - Dinah Shore Is You is or is You Ain't - Bing Crosby & The Andrews Sisters Together - Helen Forrest & Dick Haymes Smoke on the Water - Red Foley
     1950-Verve Records cuts Getz Meets Mulligan in HiFI
    1950 - The Kefauver Crime Commission convened in New York to investigate interstate organized crime. TV was there the following year, showing Frank Costello's hands for a long, long time on screen. Mr. Costello told Senator Estes Kefauver's committee that he would refuse to testify on TV if his face was shown. So, viewers were shown his hands instead.
     1950--, "Burns and Allen Show" premiered. The comedic husband and wife duo of George Burns and Gracie Allen starred as themselves in this comedy series in which Burns was the straight man and Allen was known for her "ditziness." The show employed the technique of speaking directly to the camera ("breaking the fourth wall"); Burns often commented on the plot, told jokes or tried to make sense of Allen's actions and statements. Also on the show were their real-life son, Ronnie Burns, Hal March John Brown (until blacklisted by McCarthyites in the "red scare"), Fred Clark, Larry Keating, Bill Goodwin and Harry von Zell. The show was done live for the first two seasons and included vaudeville scenes at the end of each episode.
    1952---Top Hits Y
ou Belong to Me - Jo Stafford
Wish You Were Here - Eddie Fisher
Jambalaya (On the Bayou) - Jo Stafford
Jambalaya (On the Bayou) - Hank Williams
    1942-WEST, ERNEST E. Medal of Honor Rank and organization: Private First Class, U.S. Army, Company L, 14th Infantry Regiment, 25th Infantry Division. Place and date: Near Sataeri, Korea, 12 October 1952. Entered service at: Wurtland Ky. Born: 2 September 1931, Russell, Ky. G.O. No.: 7, 29 January i954. Citation: Pfc. West distinguished himself by conspicuous gallantry above and beyond the call of duty in action against the enemy. He voluntarily accompanied a contingent to locate and destroy a reported enemy outpost. Nearing the objective, the patrol was ambushed and suffered numerous casualties. Observing his wounded leader lying in an exposed position, Pfc. West ordered the troops to withdraw, then braved intense fire to reach and assist him. While attempting evacuation, he was attacked by 3 hostile soldiers employing grenades and small-arms fire. Quickly shifting his body to shelter the officer, he killed the assailants with his rifle, then carried the helpless man to safety. He was critically wounded and lost an eye in this action. but courageously returned through withering fire and bursting shells to assist the wounded. While evacuating 2 comrades, he closed with and killed 3 more of the foe. Pfc. West's indomitable spirit, consummate valor, and intrepid actions inspired all who observed him, reflect the highest credit on himself, and uphold the honored traditions of the military service.
     1953-- "The Bob Hope Show Premieres on TV. This was a monthly television show and sometimes every other week. During the first season he hosted "The Colgate Comedy Hour," and during the later seasons his show was seen replacing and then alternating with Milton Berle (and in 1955-56 with Martha Raye and Dinah Shore). Leo Robin and Ralph Rainger wrote Hope's trademark show-closing song, "Thanks for the Memory.
    1954 -- Although a group comes forward to keep the team in Philadelphia, the American League owners approve the sale of the A's to Arnold Johnson, a Chicago business man, who will shift the team to Kansas City next season. The last minute-deal to keep the franchise in the 'City of Brotherly Love' includes future owner, Charlie O. Finley, who will buy the team after it goes to KC and then will move it to Oakland in 1968.
     1955--The Chrysler Corporation introduces high fidelity record players for their 1956 line-up of cars. The unit measured about four inches high and less than a foot wide and mounted under the instrument panel. The seven inch discs spun at 16 2/3 rpm and required almost three times the number of grooves per inch as an LP. A set of 35 classical recordings were available that provided between 45 and 60 minutes of uninterrupted music. The players would be discontinued in 1961.
     1956-A motion picture called Don't Knock The Rock, featuring Little Richard and Bill Haley And His Comets, opens in US theatres. The movie tells the story of a disc jockey, Alan Freed, who tries to prove to teenagers' parents that Rock 'n' Roll is harmless and won't turn their kids into juvenile delinquents.
     1960---Top Hits
Mr. Custer - Larry Verne
Chain Gang - Sam Cooke
Save the Last Dance for Me - The Drifters
Alabam - Cowboy Copas
     1961 - The first video memoirs to be created by a United States president were made when CBS showed a three-hour discussion with former President Dwight D. Eisenhower. Reportedly, 11 hours of film were taken, but were later edited down to the final print. Walter Cronkite was the interviewer.
     1962 - The "Columbus Day Big Blow" occurred in the Pacific Northwest. It was probably the most damaging windstorm of record west of the Cascade Mountains. Winds reached hurricane force, with gusts above 100 mph. More than 3.5 billion board feet of timber were blown down, and communications were severely disrupted due to downed power lines. The storm claimed 48 lives, and caused 210 million dollars damage.
     1963 - In the first and final Hispanic American major league all-star game‚ the National League beats their AL rivals, 5-2. With future Hall of Famers Roberto Clemente‚ Orlando Cepeda‚ Juan Marichal, and Luis Aparicio looking on‚ Twins first baseman Vic Power, a native of Puerto Rico, receives the award as the number-one Latin American player during a pregame ceremony at the Polo Grounds.
     1963-"Sugar Shack" by Jimmy Gilmer and the Fireballs hit the top of the Billboard Hot 100. It would go on to be the best selling single of the year.
    1967 - The St. Louis Cardinals beat the Boston Red Sox, 4 games to 3 in the World Series. A few stats worth remembering: In 27 innings, Bob Gibson allowed three runs and 14 hits to notch St. Louis' eighth title. Although he and Boston's Jim Lonborg pitched spectacularly, the series tied the record for most pitchers used (20). St. Louis' Lou Brock collected 12 hits for a .414 average and a Series-record seven stolen bases. He also tied a Series mark with eight runs. Roger Maris batted .385, collecting ten hits. Julian Javier batted .360. Boston's Carl Yastrzemski batted .400 with three homers. Dalton Jones batted .389.
     1968---Top Hits
Hey Jude - The Beatles
Fire - The Crazy World of Arthur Brown
Little Green Apples - O.C. Smith
Harper Valley P.T.A. - Jeannie C. Riley
     1968 - "Cheap Thrills", the album by Big Brother and the Holding Company, started an eight-week run as number one in the U.S. It was the first and only album (for a major label) Janis Joplin made with Big Brother and the Holding Company. The album's tracks: "Combination of the Two", "I Need a Man to Love", "Summertime", "Piece of My Heart", "Turtle Blues", "Oh, Sweet Mary", "Ball and Chain".
     1968 - The games of the XIX Olympiad were opened in Mexico City by Mexican President Gustavo Diaz Ordaz. Norma Enriqueta Basilio de Sotelo became first woman to light the Olympic flame. The high-altitude (2,240 meters or 7,573 feet above seal level) and polluted air in Mexico City, put the athletes to a real test. Black Americans Tommie Smith and John Carlos gave the black power salute during the national anthem as a protest against racism in the U.S. They were expelled from the Olympic Village & thrown off the team by the USOC.
     1971 - Some folks weren't pleased when "Jesus Christ Superstar" premiered on Broadway because of the controversial content of the musical. Before the show opened at the Mark Hellinger Theatre, some 2.5 million copies of the album were sold to the curious. The Tim Rice/Andrew Lloyd Weber collaboration would become a big hit. "Jesus Christ Superstar" would run on Broadway for 720 shows, and spawn several hit songs, including "I Don't Know How to Love Him" (Helen Reddy) and the title song, "Jesus Christ Superstar" (Murray Head).
     1973-Elton John is awarded a Gold record for his two disc set, "Goodbye Yellow Brick Road", his third straight number one album.
     1976---Top Hits
A Fifth of Beethoven - Walter Murphy & The Big Apple Band
Lowdown - Boz Scaggs
Disco Duck (Part 1) - Rick Dees & His Cast of Idiots
The Games That Daddies Play - Conway Twitty
     1979-"Siskel & Ebert "première as "Sneak Previews" with film critics Gene Siskel and Roger Ebert, who originally got their start on public television in Chicago in 1975. In 1978 it went national on PBS. In 1981 the program moved to network TV and the name was changed to "At the Movies." After Siskel's death in 1999, rotating panel of critics joined Ebert and in 2000 journalist Richard Roeper was named the permanent co-host. The title was then changed to "Ebert & Roeper and the Movies."
     1979-- After an All-American career at Indiana State, forward Larry Bird made his professional debut with the Boston Celtics. He scored 14 points and had five assists in 28minutes and the Celtics beat the Houston Rockets, 114-108. Bird soon proved his ability to shoot, pass and rebound. He led the Celtics to 32 more victories than they had the previous season and won the league's Rookie of the Year Award.
     1981 - Barbara Mandrell walked away with the Country Music Association's Entertainer of the Year honor for the second year in a row.
     1984---Top Hits
Let's Go Crazy - Prince & The Revolution
I Just Called to Say I Love You - Stevie Wonder
Hard Habit to Break - Chicago
Everyday - The Oak Ridge Boys
     1986- The Angels are one strike away from the World Series, when Dave Henderson, who had earlier watched Bobby Grich's fly ball bounce over the center field fence off the heel of his glove giving California the lead, hits a two-run homer off of Donnie Moore to put the Red Sox ahead, 6-5. California will tie the game in the bottom of the frame, but Boston will prevail scoring the deciding run in the 11th inning on a Henderson sac fly.
     1991-Mariah Carey breaks the Jackson 5's record of four straight number one hits when "Emotions" becomes the fifth of her first five singles to reach the top of the Billboard chart. In April, 2008, she would pass Elvis Presley's record when she achieved her 18th Billboard chart topper, second only to The Beatles 20.
     1992 - Washington wide receiver Art Monk becomes the NFL's all-time leading receiver when he makes his 820th career reception in a 34-3 victory over the Broncos.
     1997 - Singer/songwriter John Denver, piloting an experimental, amateur- built Long-EZ airplane, crashed into Monterey Bay, California. Witnesses said the plane, made of fiberglass with a single engine and two seats, was flying about at about 500 feet "when it just sort of dropped unexpectedly into the ocean. When it hit the water it broke into numerous parts." Denver, age 53 and the only occupant of the plane, was killed.
    1999-- According to the United Nations, the population of the world reached six billion on this date. More than one-third of the world's people live in China and India. It wasn't until 1804 that the world's population reached one billion; now a billion people are added to the population about every 12 years.
     2000 - A US Navy destroyer, the USS Cole, refueling in Yemen suffered an enormous explosion in a terrorist attack. Initial reports had at least 6 sailors killed with 11 missing. The death toll was revised to 17.
     2003-- Thirty-five years after an anthem dispute, Jose Feliciano sings the Star-Spangled Banner at the Marlins' NLCS game against the Cubs at Pro Player Stadium. During Game 5 of the 1968 World Series played in Detroit, his nontraditional gospelized rendition of the song at Tiger Stadium caused such flap that some radio stations stopped playing the blind singer's records on the air.
     World Series Champions This Date
    1907 Chicago Cubs
    1916 Boston Red Sox
    1920 Cleveland Indians
    1967 St. Louis Cardinals



Baseball Poem

by Anne Marie Macari

For beauty, the men came toward us across the field,
and when they stood trance-still, or when they backed
hard against the wall, it seemed part of some
greater design, or when one swung, twisting
his torso and bending his knees at the same time
as the ball flew and the crowd erupted,
I was in thrall to all of them, because they held back
Then hit for their lives, because one gently lifted
his arm to meet the ball as if his own child
were falling toward him through thin air.
I even laughed at the men throwing beer
which drizzled onto my hair, and the one
yelling obscenities at the other team.
The blinding lights helped me see
their perfection, and I became a devotee-
not just for the sake of my sons, my arms around them-
though it was strange to be a women then,
to love them that much, the arena
filled me with men who were ready and had chosen
their weapons, so when the ball disappeared
for the last time all of us screamed
and rose from our seats so grateful
for our own violence which got us
this far without torture or mutilation,
and to one team brought to their knees,
and to the heroes, small in distance,
holding each other, rejoicing.




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