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Letter Re: The Weekly Bank Failure Hit Parade
Greetings!
Three
more down, and waaaay too many more to go, most likely.
SurvivalBlog readers and everybody else ought to keep looking at The
Weiss Research
ratings regularly - - just to keep tabs on their
own bank, investments, insurance companies, etc. I've gone from checking once
a month, to once a week, to a couple times a week now -all in the span of a year!
- Bob
M.
JWR Replies: The situation in the banking world has become
so fluid that the ratings from Marty Weiss, et al may not be timely enough
to be of great
value. Their ratings are based on monthly and in some cases quarterly filings.
So, in addition to watching the TheSteet.com
ratings, I recommend that you watch
the stock price for your bank, assuming that it is publicly
traded.