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December 18, 2009

Her Own Bank

Her Own Bank

Margaret Henningsen was close to hitting 50. And she'd been wildly successful. As an African American woman in Milwaukee in the late 1980's, she'd landed a plum job at a mainstream bank. She made sure that her clients - often African Americans unable to get mortgages and business loans - got full and fair loan evaluations in her office. She was able to do business with many people who were turned down by other banks. But she couldn't help all the minorities who needed loans. So Margaret decided to open her own financial institution.

Margaret's bank is now one of the few banks in the U.S. that's been able to mostly avoid the subprime mortgage crisis fallout. And she's one of the only African American women in the country to own a bank. Margaret shares her story with Dick Gordon. This story originally aired on September 8, 2009.

  • Learn more about Margaret's bank


Tough Job: Window Washer

Jonathan Shepherd had a low-paying job and needed to make more money. So he answered an ad in the paper that promised big bucks. It turned out to be for a window washing company. From hanging on for dear life by his fingernails from a three-story roof, to awkward moments with lonely housewives, each day held something new for Jonathan. He talks with Dick about the five years he spent as a window washer. This story also originally aired on September 8, 2009.

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