Local banks better poised to weather recession

    Broad 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.

    Broad 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: reports20090214banks.mp3]

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