That led me to wonder how you can find out what kind of financial shape a bank is in. Maybe it is common knowledge where on the internet you can go to find bank ratings. If so, would someone please point me in the right direction?
In the meantime, I found this web page at Bauer Financial. The page allows you to look up all the banks or credit unions in any state and check out their "star" ratings. The rating is from zero to five stars. Bauer recommends that people use only four and five star institutions, "because peace of mind matters."
It is amazing how many banks are rated less than four stars.
On another note, Franklin Sanders had this to say in his most recent daily commentary:
[T]he US constitution has been officially junked & the economy openly transformed into a fascism for benefit of the banks & well-connected. Probably not the death of the system, but pretty much the end of y'all's economic hopes, if you remain inside that system. Whether the outcome is a hyperinflation or slow-burn, whether it arrives sooner or later, makes no difference. The Tapeworm is consuming its host. You either swallow the worm medicine, or die.
It's what John Milton called "Necessity, the tyrant's plea" when he put the words in Satan's mouth in Paradise Lost. 9/11 ended the personal rights under the constitution & bill of rights, the bailout will end economic rights. It has happened. Be a man, face it, stop living in your dream world.
The bright side is that events are confirming the death throes of the monster, even though he might thrash around for several more decades. It's time to get you & yours outside his usurious economy. Revive the local economies long ago gutted to feed the Tapeworm. First, secure your ongoing livelihood. If you don't have a business that produces or sells something people need, get one. If you have no business or farm, make yourself indispensable in your job.