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What banks are the most stable?

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Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:09 PM
Original message
What banks are the most stable?
I'm seriously considering pulling what little money I have out of WaMu. I know that this will only add to their problems, but at this point I don't think I really care. When you live paycheck to paycheck like I do, every little bit helps, and I don't want to take a chance of having to wait for the FDIC to come through. What banks are currently the most stable and likely to survive this crisis?
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mikelgb Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:12 PM
Response to Original message
1. someone posted a site awhile back with the worst and I think it rated all banks
I have my money in a credit union

so far have not heard of any of them being in trouble, might want to look into one in your area
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:15 PM
Response to Reply #1
5. You can check an individual bank or banks in your area here:
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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:12 PM
Response to Original message
2. Probably "Mattress Land" and "Cookie Jars, Inc."
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finecraft Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:14 PM
Response to Original message
3. Jim Cramer said this morning JP Morgan/Chase is the best
He thinks Morgan/Chase will continue to be stable. He also said that regional banks are doing very well. Don't know where you are located, but here Regions Financial is considered a regional bank (LA,AR and TX).
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:14 PM
Response to Original message
4. bankrate.com has a good ratings tool
but I do not think any of them are going to be stable for much longer.
However, as a place to put money, use the tool.
Most importantly, make the transfer now.
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Blue Belle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:16 PM
Response to Original message
6. I'm thinkof pulling my money from US Bank...
(what little of it I have) and putting it into a credit union at School. I like the idea of it having a more local home and I'm getting leary of big banks anymore. Plus US Bank's customer service sucks.
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tigereye Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:16 PM
Original message
I know PNC steered clear of the subprime mortgage morass
at least that's what their CFO said in an interview I heard....
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tigereye Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:16 PM
Response to Original message
7. I know PNC steered clear of the subprime mortgage morass
at least that's what their CFO said in an interview I heard....
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TNDemo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:24 PM
Response to Original message
8. There is a bank screener on The Street.
Just go to their site and put in "bank and thrift screener" or put it into google and you will find it. I would give the link directly to it by I'm on an Apple now and it won't run the program but it works on IE and I think Firefox. Bankrate seems to rate them higher than this one.
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:48 PM
Response to Original message
9. Bank of America, IMHO.
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Oregone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:49 PM
Response to Original message
10. Probably community credit unions...
In other countries.
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galileoreloaded Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 04:57 PM
Response to Original message
11. cash in your mattress. remember, only 5% of dollars are paper...
what value will physical cash have when the zeros on a screen slowly fade. Alot.
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