Local banks better poised to weather recession
Saturday, February 14th, 2009
By: Susan Phillips
sphillips@whyy.org
email hidden; JavaScript is requiredBroad concerns remain regarding the health of the nation's banks, as the U.S. banking system faces the worst financial crisis since the Great Depression. The nation's banks are weighed down by bad debt. But smaller community banks largely avoided the risky loans and complex securities that sank some of the nation's best-known financial firms. WHYY's Susan Phillips reports.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.