Google alerts that have been added to the Google Reader as an RSS feed do not appear correctly in RSS Bandit.
The online reader show the feed correctly, but the URL picked up for the feed by RSS bandit is invalid (doesn't start with http://)
Can you provide the URLs for the Google alerts feed so we can attempt to reproduce this behavior?
In Google Reader the URL appears as:
In RSS Bandit it appears as:
To reproduce, create a Google alert, select RSS feed as the output (which automatically adds it to Google Reader), then open RSS Bandit.
Let me know if there's anything else I can provide to help.