muses of the moment

January 11, 2011

Problem bank list-updated

Filed under: FDIC, Safe banks, The Banking Crisis — totallygroovygirlfriday @ 2:03 am

Click here for an updated problem bank list for 2011 from Calculated Risk.

If your bank is on the list, determine the risk by the letter issued by the government. This long list is why groovygirl suggests never to have all your cash/savings in one bank, spread it out between two or three.

Nothing is fixed, except creative accounting. We are still in a systemic breakdown of the US banking system. Make sure your savings is protected.

Side musing: Gates suddenly thinks North Korea is a threat to the US directly (after 10 years of nuclear bomb making and direct threats to S. Korea, he finally decides they are a direct threat?) We will establish interceptor missile capability in Alaska in case North Korea tries to attack us.

What? Who is he kidding? The US is putting interceptor missiles in Alaska because China is moving right along with their missile program. Things with China are heating up. It is kind of silly, as all China has to do to immobilize our military is shoot down our satellites.

The only way to win the game is not to play.

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