Discover the Top 100 Safest U.S. Banks
Banks of all sizes are riskier than they used to be (think about portfolios stuffed with derivatives, emerging market debt and non-performing commercial loans), so it makes good sense to have your own personal stress test to find out which you can trust. This special report gives you what you need to know -- plus a list of the Top 100 Safest Banks in the U.S.
- Format: Report
- Price: $29.95 FREE
It's time to get educated by an objective source with no ulterior interest
How well do you trust your bank with your capital?
If you hesitated even for one second, maybe it's for a good reason. Maybe it's for THREE good reasons:
- The mainstream pundits insist that the 2008 financial meltdown is a distant memory.
-- Then why did a July 8, 2014 Barron's article warn that "bank profitability levels are at risk in the years to come"?
- Officials say that iconic gold and black F.D.I.C. sticker on your banks' ATM guarantees the safety of your deposits.
-- Then why did a July 2014 show that the F.D.I.C. Deposit Insurance Fund, which protects insured deposits from loss when a bank fails, has a reserve ratio of .8%? Meaning, the F.D.I.C. currently backs every $1 million dollar of deposits with only $8,000 of reserves.
- Logic insists that the $3 Trillion in government bailouts has decreased the vulnerability of U.S. banks.
-- Then why is the number of "problem" institutions at 411 (as of March 2014) a historically HIGH figure? For comparison, at the end of 2007, there were 76 banks on the problem list.
In this free report, EWI President Robert Prechter makes this very salient point: "For bankers to educate depositors about safety would be to disturb their main source of profits."
Don't put your money at risk.
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Meet Your Author
Robert Prechter began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. He has been publishing The Elliott Wave Theorist since 1979 and is the president of Elliott Wave International. He is also founder of the Socionomics Institute, which studies social mood and its impact on social action, including the stock market and the economy.