“My grandparents lived through the Dust Bowl and the Depression. Family members left their homes and went to places like Iwo Jima and Normandy. We knew people who died in the federal building bombing. Those were hard times. What we’re doing is not hard.”
Banks today are sitting on lots of cash. New regulations restrict lending but it’s still a good time to invest. Interest rates remain historically low but are creeping up.
“The new regulations are different and challenging but things are not that hard,” he said. “We’ve been through much harder times.”