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.