The Bernanke Factor

Credibility. Affirmation. Chairman Bernanke's keynote speech was important on many levels for the industry and for Opportunity Finance Network. As I look back over what he said, what still jumps out most at me were his concluding comments:

"These efforts demonstrate the ability of CDFIs to adapt their business strategies to evolving markets, as indeed they have done throughout their thirty-year history. I expect that the local knowledge and specialized financial expertise that CDFIs provide will continue to add significant economic value and complement market forces in the support of community economic development. Thus, CDFIs are likely to contribute to our share goal of expanding economic opportunity for many years to come."

I hope to hear and read everyone using that quote for years to come.