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Although the mortgage sector of the banking industry in the USA has seen good times in the recent past, the futures are uncertain. This article considers the nature of futures studies and applies futures analysis to the mortgage sector. The history of banking, and the USA, has been a struggle between three competing public philosophies: liberalism, populism, and progressivism. But the current Bush administration's pursuit of a New American Empire presents all of us, as well as banking, with a new and largely unanticipated future, the consequences of which are ominous.

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