Thursday, July 24, 2008
Thinking of Moving Your $$ Out of Your Bank? Think Again!
The news media has blown the banking situation so far out of proportion to reality that even strong banks are being inundated with panicked people wanting to move their money to other banks. So write down the following website address and rate your bank's stability right now so you can relax unless you see a problem with what you find there. Most banks are doing just fine, and will be doing fine far into the future. Period.
So take a coffee break, go to , http://www.bankrate.com/brm/safesound/ss_home.asp and check out the status of your bank. And if you have any doubts or concerns at all after visiting the site, visit your bank.
And remember: the media blows nearly everything at least a bit out of proportion. (They think frightening people gets them tuning in more reliably.) Take what it reports with a grain of salt.