A good story about this is here and it deals with the major institutions.  I have never liked the reckless approach of some of these banks with the way they loaned for home buying and gave credit cards to illegals with no means of support.  Some of these institutions have gone the way of GM where the government (taxpayers) are the majority owners and on the hook to bail them out (since taxpayers can never default).  What that means is the banks will continue with their less than stellar practices and someone else will be held responsible to pay for this bad behaviour.

My advice would be to get into smaller institutions (credit unions) where it may be a little more difficult to secure a needed loan but your personal credit score and steady employment will take care of that.  Also don’t get with an institution where the parent is one of these other “mega-banks”.  If people moved their money away from these banks and left the risk to the corporations who do business with them, the personal risk would be lessened.  Corporations would be forced to using capital assets on hand in their endeavors until a more stable economy can be reached.  If these banks need to fail then let them fail.  It is much easier to work from a known condition and work it than it is to work from an unknown.  That unknown leaves everything up in the air and subject to a word I absolutely hate-speculation.  I personally like working from black or white….not gray.