The big sign on your neighborhood bank might tell the time and temperature. But it won't tell you how your bank is weathering the credit crisis.
It's up to consumers to hunt for that information. The industry and the Federal Deposit Insurance Corp., the collector of bank financial reports, don't make the hunt easy.
That's unfortunate because the answer would ease the minds of almost all bank customers, as should federal protections. The Wall Street crisis is wiping out some storied investment banks, but commercial banks, with the more humdrum business of taking deposits and making loans, are doing fine.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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