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Ferguson goes on to state that in today’s economy, it is going to be near impossible for us to climb out of our economic crisis before a depression hits, even if the bailout plan did get approved. This really made me think, because I have that same feeling. She also states that during our financial crisis, banks are cutting back their credit so that they can survive. This is not going to help consumers because that means that if someone wanted to purchase a car and have it financed, more likely than not, they will not be approved because banks are trying to save all the money they can. If anything, not giving out credit is going to hurt us in the long run and may send us into a depression...
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