Is my money safe in a bank?
Banks are institutions where miracles happen regularly. I rarely entrust our money to another body which is not a bank. Despite having a history peopled by lack of management, corruption, false promises and representations, delusions and inconsistency of attitudes, the banks still receive money from the people. In part, because the numbers give a sense of security. The fashionable term today is “moral hazard.” Implied warranties in the State and other financial institutions lead us to take risks that would otherwise avoid. In part due to the sophistication of banks to market and promote their products.
With glossy brochures, presentations and video professionals in computer and its huge and complex properties, banks achieved an image of Temple of financial religion. But what lies behind them? How can we judge the soundness of our banks? In other words, how do we know that our money is safe?
The best reflection is in the balance sheets of banks. Banks and balance sheets have been invented in their modern form in the 15 th century. A balance sheet, complemented by other financial reports may provide us with good health radiography of a bank, its past and its long-term projects. Surprisingly, despite the common opinion, this is true.
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