Alternative Lenders Avoid Banking Crisis

Thu, 10/23/2008 - 12:21
  • Artist: Tanya Snyder
  • Length: 5:31 minutes (5.06 MB)
  • Format: MP3 Mono 44kHz 128Kbps (CBR)

While massive banking institutions, like Wachovia, Goldman Sachs, Citigroup and others hope to weather this financial storm, alternative lenders who avoided the pitfalls that have brought down the big banks appear to be as strong as ever. They say credit is flowing and
business is good. But some microfinance institutions and affordable homeownership organizations are feeling some of the pain as the impacts trickle down from Wall Street. FSRN's Tanya Snyder reports.

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