Saturday, Jul 26, 2008
Another two American banks fail
Guardian: U.S. regulators seize two more banks
First National Bank of Nevada and First Heritage Bank of California.
No details as to why they failed yet.
Posted by jonb @ 05:20 AM (856 views) Add Comment
9 Comments
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1. Sold My Soul To The Never Never Never said...
Heard on News 24 last night that 1 in 47 mortgages (I'm sure that was the figure) had gone into foreclosure in Nevada - so I guess that might be an explanation.
2. handle_it said...
""No details as to why they failed yet." My guess would be they lent mucho dollar to people with no jobs or assets ? :o)
3. Mytimeisnigh said...
A house of cards.
4. planning4acrash said...
Stakeholder get their assets back during Bankruptcy. They get stolen during 'bail out' by the regulator, with funny fiat money printed by the regulator. Scam of the century. Btw, am at Womad 2day. They are spraying the cr.p out of it with chemtrails :(
5. Stevie Dee said...
In truth, all the banks should have failed.
6. renting2 said...
More Here:
http://www.latimes.com/business/la-fi-heritage26-2008jul26,0,1126726.story
7. Edwardnh said...
I chronicle this event here with a lot of external links:
http://www.creditwritedowns.com/2008/07/fdic-steps-in-at-two-more-failed-banks.html
I don't know if this would happen in the UK,but there will be many failures in the US.
8. Malct said...
U.S. foreclosures up 121 percent in second quarter
The states posting the highest foreclosure filing rates were Nevada, California and Arizona. Nevada had the highest per-household foreclosure rate, with 24,657, or one in every 43 households — nearly four times the national average.
http://www.bizjournals.com/houston/stories/2008/07/21/daily57.html
Bill Uffelman of the Nevada Bankers Association said Friday the FDIC action "is a reflection of the times for the banks. It's a poor economy."
http://www.chicagotribune.com/business/sns-ap-bank-takeover,0,5151067.story?track=rss
9. nopensionnohouse said...
>They are spraying the cr.p out of it with chemtrails :(
OMG, you can’t even go out in the sun and enjoy a music festival without worrying about a conspiracy!! For those who can’t be bothered to do a quick Google on it this as another NWO conspiracy that aims to reduce population by spraying chemicals from planes as they fly over populated areas!!!
Lol. WTF???
You poor thing. I hope you get better soon! Stay out of the sun eh?