Listening to the politicians youwould think Congress found a cure for cancer as they announced…whatexactly? They agreed to borrow more money and kick the budget candown the road four months. Nothing has been solved or put on acorrective course, but it did have an impact on the financialindustry.

Distrust and Loss of Confidence

Consumers registered their lack of respect and distrust ofpolitical leaders, unfortunately there is a slopover of thisgrowing distrust. Consumers are looking at every news story, saleand other information they see with a skeptical eye. In fact, whenbanks and investment firms are registering above-expected profits,Wall Street applauds; however, consumers have been taught to revilethis news because they believe it came off their backs. The mediaagenda is sticking.