Steve Harless "Your Las Vegas Real Estate Connection"

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original post 08/20/2008

Professor Kenneth Rogoff, a leading academic economist, said there was yet worse news to come from the worldwide credit crunch and financial turmoil, particularly in the United States, and that a high-profile casualty among American banks was highly likely.

"The US is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say the worst is to come," Prof Rogoff said at a conference in Singapore.

My question is WHICH bank is it???

UPDATED 9/25/08

Washington Mutual Seized By Feds

In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc. and struck a deal to sell the bulk of its operations to J.P. Morgan Chase & Co.

J.P. Morgan Chase & Co. was expected to announce as early as Thursday night a deal to acquire the bulk of Washington Mutual Inc.'s operations in a deal that would mark the end of independence for what once was the largest U.S. thrift.

But the troubles are growing so rapidly at some small and midsize banks that as many as 150 out of the 7,500 banks nationwide could fail over the next 12 to 18 months, analysts say. Other lenders are likely to shut branches or seek mergers.

Click here: 150 banks nationwide could potentially fail over next year..

"Everybody is drawing up lists, trying to figure out who the next bank is, No. 1, and No. 2, how many of them are there," said Richard Bove, the banking analyst with Ladenburg Thalmann, who released a list of troubled banks over the weekend. "And No. 3, from the standpoint of Washington, how badly is it going to affect the economy?"

Looks like people's mattresses will be getting stuffed all over the country instead of the banks.

This 4th Of July, I wanted to take time to honor our troops who are serving all over the world. Thank you for your committment to our beloved country, and keep up the great work. Having served from 80-85, I know of the sacrifices our men and women of the armed services are making and will continue to make in the name of freedom. Again, I cannot thank you enough. this tribute is for you!

Viewers, since putting in the translation services of google, tons of hits are pouring into my site!

I highly recommend using it.... look and see the difference:

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Alexa traffic rank based on a combined measure of page views and users (reach)

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Yesterday	1 wk. Avg.	3 mos. Avg.	3 mos. Change
N/A*	874	29685.2	51%

here is the info to install the widget:

go to your settings page: then go to your blog description section
cut and paste this into it :

<h3 class="sidebar-title">Language Translations</h3><form action="http://www.google.com/translate" >

<script language="JavaScript">
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document.write ("<input name=u value="+location.href+" type=hidden>")
// -->
</script>

<input name="hl" value="en" type="hidden">

<input name="ie" value="UTF8" type="hidden">

<input name="langpair" value="" type="hidden">

<input name="langpair" value="en|fr" title="French" src= "http://photos1.blogger.com/img/43/1633/320/13539949_e76af75976.jpg" onclick="this.form.langpair.value=this.value" height="20" type="image" width="30">

<input name="langpair" value="en|de" title="German" src= "http://photos1.blogger.com/img/43/1633/320/13539933_041ca1eda2.jpg" onclick="this.form.langpair.value=this.value" height="20" type="image" width="30">

<input name="langpair" value="en|it" title="Italian" src= "http://photos1.blogger.com/img/43/1633/320/13539953_0384ccecf9.jpg" onclick="this.form.langpair.value=this.value" height="20" type="image" width="30">

<input name="langpair" value="en|pt" title="Portuguese" src= "http://photos1.blogger.com/img/43/1633/320/13539966_0d09b410b5.jpg" onclick="this.form.langpair.value=this.value" height="20" type="image" width="30">

<input name="langpair" value="en|es" title="Spanish" src= "http://photos1.blogger.com/img/43/1633/320/13539946_2fabed0dbf.jpg" onclick="this.form.langpair.value=this.value" height="20" type="image" width="30">

<input name="langpair" value="en|ja" title="Japanese" src= "http://photos1.blogger.com/img/43/1633/320/13539955_925e6683c8.jpg" onclick="this.form.langpair.value=this.value" height="20" type="image" width="30">

<input name="langpair" value="en|ko" title="Korean" src= "http://photos1.blogger.com/img/43/1633/320/13539958_3c3b482c95.jpg" onclick="this.form.langpair.value=this.value" height="20" type="image" width="30">

<input name="langpair" value="en|zh-CN" title="Chinese Simplified" src= "http://photos1.blogger.com/img/43/1633/320/14324441_5ca5ce3423.jpg" onclick="this.form.langpair.value=this.value" height="20" type="image" width="30">

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