Advertisement
The View of a Regional Banker
Doug Chaffin is president of Monroe Bank and Trust in Michigan and his bank is not taking federal bailout money. He says there's a cost to shareholders if a bank takes the money and that his bank just doesn't need it...he has enough money to lend. But Chaffin says unemployment in the region is a problem; customers won't take out loans if they have no income.
This program aired on February 11, 2009. The audio for this program is not available.