to:removing comments wrote on November 28, 2009 08:35 PM: i didnt get to read your message that seemed to disappear as you said it did.


seriously where is the good news in vegas? i spend my time 50/50 in LA and Vegas for the past 20 years. so I have a good oppertunity to see and feel 2 different cities. Vegas is DOA, opening up gaming darn near everywhere in America, over priced trade shows, etc have lead to the demise of Vegas. There is no good news here anymore.

Sadly I lost millions on realestate I bought over the past 10 years in Vegas, So i'm selling off my entire portfolio and leaving permantly. I lost my city. And I feel like a refugee.

I expected a correction in the market, not a colapse. Whats going to bring Vegas back? were over built, people are leaving-thus were really over built. and we have no competitve edge in gaming since the tribal gaming joints are nice as they are in Vegas and local to people.

we lost the Hong Kong hi-roller market share too. Where and why is vegas going to get better?

the banks are getting crushed on defaults on commercial buildings now, thats just getting started. And find a shopping center that dosent have a vacancy. you cant(almost) the banks are going to get hammered-this is the tip of the ice berg.


shame, it was a good run

Prima wrote on November 28, 2009 09:26 AM: I agree with Commander Cody. It's much better to know what's happening at our Las Vegas banks financially than to not have any information, knowing the economy is performing poorly and is in the tank. We do not want to be like ostriches with our heads in the sand pretending everything is rosy. I say the more information given to the public the better.

Commander, I only wish I had more than $250,000 in deposits to worry about.

Be Careful, Careful wrote on November 28, 2009 08:38 AM: Careful, you would be incorrect. I am not sure where you get your information but you should be careful about quoting wrong information like that. Any FDIC insured bank has $250k limit per individual through Dec 31st, 2013. There is no "extra insurance" that banks have to pay to receive that. It seems like you have listened to half of a story and not the whole story.

There is currently unlimited insurance in place for businesses that place their money in non-interest bearing checking accounts but that will end next year.

Please watch your facts and check on them before quoting them publicly.

Removing Comments now? wrote on November 28, 2009 08:32 AM: Seems that John Edwards nor the Rj like comments that point out their flaws but they are quick to point out everyone elses flaws such as the Nevada Economy and Nevada Banks. I had a nice 299 word comment posted on this topic yesterday and it has been removed just as the phrase "biggest bad numbers". Why is that John Edwards? Why did you remove free speech that pointed out your terrible journalism.

I said it yesterday and I will say it again, we don't need to keep hearing how bad the economy is or how bad our banks are. As long as your money is insured, you won't lose a penny. As for Commander Cody, what good does it do to continue to hear about the economy and banks? Your money is insured. That should be enough. Why cause additional problems for local banks by belittling their numbers and trying to scare the public? There is no purpose.

It really is time for John Edwards to go. Maybe it was the comment about receiving money from the banks he doesn't belittle that made the post be removed...

Careful... wrote on November 28, 2009 08:25 AM: Cody, I'd be careful with that limit...apparently that 250k limit only applies at banks where they pay extra to the FDIC for the extra insurance.

Commander Cody wrote on November 28, 2009 04:04 AM: Kudos to the LVRJ and reporter Edwards for shininga spotlight on the financial situation of the state chartered Nevada Banks. It's important for the depositors to know if their money is protected.

I have several large Certificates of Deposit maturing in early 2010 and I'll be sure to canvas my local bankss, as well as on-line banks to make sure all my funds fall under the $250,000 government insured limit.