Have You checked out your bank?

The FDIC will not name the banks at risk for fear of triggering mass client withdrawals – but consider the fact that you know nothing about your bank’s lending or borrowing policies – or even if you bank is officially at risk. Do not make the mistake of assuming your bank is too big to go under (consider Lehman Brothers) – here are 5 major US financial institutions at risk:

-Goldman Sachs Group	-AT RISK
-Morgan Stanley	-AT RISK
-J.P. Morgan Chase	-AT RISK
-Bank of America	-AT RISK
-Citigroup	-AT RISK

The above banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky – understating the debt levels used to fund securities trades by lowering them an average of 42 percent at the end of each period. The banks had increased their debt in the middle of successive quarters and refused to comment on their actions.