The numbers that we hear scare us. The market is down 16%, home sales are down 20%, home values are down 25%, bankruptcies have exceeded records. Yet Americans have been here and we will overcome.
Some of you are old enough to remember the S & L crisis. A lot of banks went under. The other day they claimed that 190 banks are on the watch list. In the 1990's they had over 1900 banks on the watch list.
We need to keep our shoulders and chins up. We will be fine. This too shall pass.
Christopher J. Onwuasoanya
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