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I watched as the economy crumpled in the 2008 bank induced mortgage crisis. I watched in horror as the reforms enacted in the wake of that disaster were rolled back under the last administration. I’m pretty sure if the banks want less regulation, then it’s going to hurt all of us in the long run.
Kudo’s to the banks for all of the free lobbying the AP has given them by not doing a little more research before printing a hand picked headline.
All I can say is as long as interest rates for mortgages are above 5% and interest rates for new vehicles for any time period remain above 3%, the economy will continue to stifle buying and any hopes for any recovery. How about those gas prices too? Right now, at $2.50 and $2.60/ gallon, pricing isn’t too bad. I’m betting after the first of the year, gas will shoot back up for no apparent reason. There will always be demand, so hey dumb-o-crats, face the facts and start big-time domestic drilling and refining to keep the costs on gas at below $3.00/ gallon. Watch what happens to inflation………………uhhh, it will diminish and watch the economy take off.