reply to post by wassy
A lot of this answer is determined by the banks charter, and their
document that they drafted that outlines the way they run it.
A good idea of how good or bad a bank or credit union may be
can be found at Bank Implode
Things to consider is their Texas Ratio and the other factors used
to determine if they need to go on the trouble list.
If you look over the lists there you will get a good idea of who has
tanked, who is close to tanking, and who is doing well.
Over 30 banks have collapsed in just the first 4 months of the year.
Quite a few failed in late 2007 and all of 2008.
The only real catch-22 to all this is that lots of them pass money,
debts, and other instruments between each other.
The lynch pin or keystone that may bring the whole mess down
is the derivatives crisis set to implode to the tune of 100's of trillions.
That has the potential to bring it all down at once.
Some of that came to light in 2007 from an article by warren buffet.
Some came to light via the Stafford and Mad(e)off Scandal.
At some point it is possible to create a "tipping point" where something
like the " domino effect " happens and one bank fails, causing another,
and eventually even the good banks are taken down with the bunch
from the sheer mass of the land slide.
You can look back to the past and see this has happened before
and the current lies and deception seem very familiar to those who
This is why some ppl are saying that the only sure bet is HARD assets
you can hold in your hand, and keeping in mind that you cannot eat
gold or silver and they will not protect you from the mob that perceives
you as the rich compared to them.
Good Luck to you all !