Since September of 2008, our industry has seen many changes. The concept of "too big to fail" was exposed as WAMU and Wachovia were forced to sell. Lehman Brothers shut their doors. Bear Sterns had to be rescued by JP Morgan, etc. etc.
Let's face it - the image of our industry has "really taken a hit." Every day you hear the term "main street vs wall street." The media portrays us as "fat cats." Like it or not, financial institutions will be blamed if the economy doesn't rebound quickly. The media will say that financial institutions aren't making the credit available necessary for the economy to rebound.
It would be so easy for all of us in the industry to get discouraged!
But as we all know, adversity creates opportunity!
For those of us that stay focused, work hard, stay positive, "think outside the box," etc. the opportunity it there.
2010 can be a great year for your organization!
Have a great Holiday Season!
Mike
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