Are you stressed ? Well, these banks failed their financial stress tests.
So I am over on Yahoo Finance just reading the headlines and I see “ Seven banks fail EU stress tests, most cleared”.
I thought I must be getting really tired and misunderstood what this heading really means. Nope, I was right the first time. 7 banks mostly in Spain failed their financial stress tests.
Say what, are they serious…after all the problems with the Euro you would think that all banks would get their act together.
Article goes on to say that these 7 banks, would have a short fall of $3.5 Billion, Yes that is Billion with a “B”. Well, if I had my savings in one of these banks I would get it out asap…..
What are your thoughts on this….personally, if my bank failed their test I would start putting my money under my mattress. 
Seriously though….get your act together people and start thinking about your clients and customers and not the bottom line so that the president of the company can go out in his speedboat this weekend.
Ok, enough ranting for today.
Just one final thought. If you are worried about what your bank is doing with you money and would like to make more money. Contact me directly and we can see what options you may have more joining Oceanside.
