Goldman Warning on Banks

I read an interesting Reuters article last night:

U.S. stocks fell on Tuesday as Goldman Sachs warned that banks may need to raise an additional $65 billion, stoking worries about further fallout from the mortgage crisis.

Read the rest here.

News of this sort makes it obvious to me that we launched MoneyAisle in the proverbial nick of time: banks are looking for new and innovative ways to increase deposits without added expenses that get passed on to their customers. Customers are looking for great rates on their deposits during uncertain financial times.

We're in our second week now and, as Kevin mentioned below, we've already secured banks over $1 Million in deposits. I can't wait to see what we'll do in the weeks and months ahead.