financial profile

On The Soundness Of Our Banks

Banks are institutions where miracles happen regularly. We rarely entrust our money to anyone but ourselves – and our banks. Despite a very turbulent history of mismanagement, corruption, false promises and representations, delusions and incoherent behavior – banks still succeed to motivate us for our money. This is partly the feeling that there is safety in numbers. Fashion is now the term “moral hazard.” The implied warranties of State and other financial institutions that give rise to risks that would otherwise have avoided taking the units. This is part of the sophistication of the banks in marketing and promoting themselves and their products. glossy brochures are professional computer and video presentations and extensive facilities, residential sanctuary, mainly to improve the image of banks as the temples of the new religion of money. But what is behind all this? How can we judge the soundness of our banks? In other words, how can we know if our money safe in a shelter? Read the rest of this entry »