The View of a Regional Banker

This article is more than 10 years old.

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.

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