BANKS, Its getting hard to find a safe one

S

Sterling

HI All

A few months ago I closed my account at National City Bank when I found out they were going bad. I did some research and placed my savings in another bank. At the time the bank was making 2 bucks a share and its stock price was around 28 bucks. Now its losing over 8 bucks a share and the stock price is a lil over two. I suggest checkin up on your bank. Dont depend on Uncle Sham to look out for yahs!!
 
The fed funds rate is at 0%. How can all the banks be going under? Since banks are technically insolvent under a fractional reserve system, all I can think of is that the fed is letting them fail. I just can't seem to understand why the fed doesn't just change the reserve requirement. Unless, there's an ultimate goal in letting these banks fail.
 
GO LOCO....I mean local! :D

Do business with local bank/credit union where you can go see the OWNERS first hand face to face if needed. :cool:
 
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