In response to my observations on banks, a reader posted an interesting counter-opinion. I wanted to post this separately so it wouldn't get buried.
I think it's irresponsible to suggest that someone pull their money out of a bank if your deposits are below the FDIC insured amount. Pulling your money out can send the bank into a tailspin and insure its failure. You don't lose any money if your deposits are below the insured amount.
Local banks support local communities and should have your support. BoA, Citi and the larger banks aren't really involved in the local community and shouldn't be your first choice *if* you want to support your local community.
I do not agree with all of the jumping up and down and scaremongering that Rawles and others push... this type of unfounded, baseless fear should be ignored. Take a look at the links that are posted on SurvivalBlog - are they from trusted, reliable sites like the Wall Street Journal or some less reputable source? Think about it... why is he peddling so much fear? I am not buying it.
Again, I would urge everyone to be strong and get involved in local communities to make them stronger. Get involved in the election process by supporting candidates you support to get this country back on track, living in fear is not the way I choose to live. I have chosen to be prepared but fear is NOT part of my equation, I am an American.