(07.01 mc)why were banks the focus of attention early in the first new deal? (7 points)the banks had been overlending to people and businesses, causing ripple effects throughout the economy when they could not pay out deposits or collect on loans. the banks and their employees were the only groups thriving in the midst of the economic downturn and were seen as scapegoats for the widespread suffering of average people. the banks themselves had caused the stock market crash by withdrawing their investments all at once on the advice of government officials and economic analysts. the banks were seen as to blame for the economic downturn because throughout the previous decade they had strict and limited lending policies that stifled growth.

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.