Fairfax capital. They are announcing a loss of 1 billion dollar in the second quarter. Fall has arrived and so has fallen gas prices. Unleaded is nearing 3 a gallon, the lowest since january and more than 30 cents belobe last years record. The reason, record high demand rate and Falling Crude prices. Wall street has been holing its breath this week watching washington, wait to see what will happen with the fight. Theres reason to be opmistic. Keith banks is president of u. S. Trust. Its good to have you on the program. Good to be here. The market seems to be in pause mode. I guess were waiting on a number of things. The fight of the debt ceiling is expected to be a negative. Weve seen this movie before. Unfortunately. How does it play out . I think what u just described, especially the debt ceiling, we think that could cause a bit a pothole, not a sink hole in the market. We c sld see a 3 plus percent pull ckback. Even though its going to impact peoples psyche, its not going to impact
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