Nevada is Broke and Going Bellyup

[new$]

Quote from PocketChange:

I'm sure the Chinese will accept California and Nevada as partial payment on the interest we owe.

Coming soon to your new world map:

Chinafornia and Nevadaxi as the new 24th and 25th provinces of the Republic of China.

Featuring the newly refinanced and renamed:

ROC Vegas
ROC Angeles
San Diegodong
San Franciscowan

with new communist control of:
píng guǒ /fka Apple
tài yáng /fka Sun
and yes even:
gǔ gē /fka google.


Come visit and enjoy:
yìng yáo gǔn /fka Hard Rock

or our other tourist destinations:
dí shì ní lè yuán /fka Disney soon to be properly renamed to:
Mao Toy Land

All easterners must report for implant of owned by china tracking device. Resistance is futile you will be assimilated or destroyed.

FUNNY !!

er-

it's not really possible .. is it??

 

[1flyfisher]

Wrong. I have heard of him. In fact I read an article on him in the RGJ. But what does that have to do with NV going bankrupt? Also there are rich people living in every state.

Quote from Dr. Zhivodka:

And home to some of the richest people in American that you've never heard of:

http://www.psr-inc.net/index.php?click=bob_lamonte

 

[1flyfisher]

In an hour at 6PM PAcific Gov Jim Gibbons will be addressing the State of NV on it's fiscal crisis.
Should be fun and entertaining.

 

[lasner]

Quote from ralph00:

So the CFO of Mastercard is now an expert on RE?

RE has already fallen by 40% or more in many cases. Cap rates on comm'l stuff have gone from 5 to 8 and still rising. That's more than a 40% fall.

On average dickhead....The CFO of mastercard is an expert on lending. I'm sure she knows more about real estate than you do

 

[spinn]

Quote from lasner:

On average dickhead....The CFO of mastercard is an expert on lending. I'm sure she knows more about real estate than you do

didnt experts in lending cause the crash?

 

[lasner]

Quote from spinn:

didnt experts in lending cause the crash?

No of course not....people who couldn't afford what they were buying caused the crash. Experts in lending opened the door for them.

 

[William Rennick]

Bring back the 3.99 Prime Rib with a Heineken, and let the Mob take control back. Vegas has been screwed up since Wall Street took over.

Rennick out

 

[TraderTactics]

Quote from 1flyfisher:

Worst foreclosures in the Country.
One of the highest unemployment rates.
No industry besides Gaming which is dead.
http://www.rgj.com/article/20100207/NEWS07/100207003

I would want to hear his speech. I want to hear what he's going to say about the present and future condition of the state.

Second highest unemployment rate. :eek: That's bad. It's an awful condition for Nevada.

 

[Mike Morrison]

No state is going belly up. For starters there is no mechanism for a state to declare bankruptcy. For another the federal gov't will loan them whatever they need, they've already loaned Nevada 1 billion, and then forgive the debt.

So, that means you folks will all be stuck with the tab eventually.

 

[dijonyummy]

maybe nevada will start to have a state income tax