In the continuing series “When Hell Freezes Over: Ice Skate”, the A stands for Analyze and Accept.
Here, Dr. Patt Schwab helps you analyze what you might have done differently to help avoid some of the challenges you/your bank/your customers are facing now, but more importantly, analyze what to do next to help in the correction.
Then you move on to accept:
I know, you likely did not take part in the sub-prime offerings. And you may not live in a part of the country that had the worst of the RE bubble. But with our economy softening, there are ‘Main Stree’ challenges that are hitting even your solid borrowers.