By Mike Zaman

Las Vegas, Nevada, the sight of the worst real estate market crash in US history holds onto its lead as number one, with Foreclosures remaining on average at 900 a day. Nevada has held onto this record for 44 straight months, currently one property in every 84, is somewhere in the foreclosure process. Florida was number two and Arizona is number 3.

But the distinction doesn’t only belong to Nevada, all across the country on average the foreclosures are increasing and are currently running at 25 percent higher than a year ago. So far this year more than 1.65 million homeowners received foreclosure notices during the period of January 2010 and June 2010

Lenders working at a fever pitch have taken back more homes last month than in any month since the US financial crisis began. In August alone, banks repossessed 95,364 properties up 3 percent from July and an increase of 25 percent from August 2009.

At this rate we could see more than 3 million homes foreclosed before January 1, 2011

US Banks have been unwilling to work with borrowers to keep them in their homes

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

By: Chloe Hepner

Recently, Congress passed the Dodd- Frank Wall Street Reform and Consumer Protection Act, aimed at “fixing” the financial services industry so that collapses of companies such as Lehman Brothers can’t occur again. Sounds like a familiar approach to an old problem - remember WorldCom and Enron? Congress’ approach then was to pass the Sarbanes-Oxley Act. Sarbanes-Oxley was signed into law in 2002. As of today, there are still portions of the law that have not been fully implemented. The constitutionality of SOX was reviewed by the Supreme Court this year and, with the exception of one small provision unlikely to matter very much, it was found to be constitutional. Has SOX really changed anything or can the pros on Wall Street figure out a way to circumvent any laws that are implemented in a knee jerk reaction to the latest scandal or scam? My money is on the Wall Street guys every time to figure out a way to “legally” get around the law as it currently exists and new ones as they get passed.

This new law, the Dodd Frank Act, is contained in over 2,300 pages of text. Seriously - War and Peace isn’t that long. How many people can even fathom reading that much legal mumbo jumbo - and seriously, how many of the US Congress actually read the entire thing and even know what is contained in it. The head of the Securities and Exchange Commission (the “SEC”) estimates that the SEC will have to hire 800 employees just to deal with the burdens imposed upon the SEC by Dodd Frank. At a minimum, the SEC will have to implement 243 rulemaking actions, 95 one-time studies and 17 periodic studies. So while the SEC gears up to hire the staff to accomplish all of the requirements of the Dodd Frank Act, who is going to be regulating the Wall Street guys? It seems fair to assume that hiring 800 employees will cost the US taxpayers a lot of money.

Is it worth it or is this just another case of the government passing the cost of everything that goes wrong on Wall Street on to the US taxpayer. Why don’t we tax the Wall Street guys or set them up with some type of self-regulatory agency - oh wait, they have that don’t they. The New York Stock Exchange is supposed to be regulating its members. The members of the exchange and the companies listed on it should be paying for all costs of implementing these new laws. Face it, they made the money off the old scams and the failure of the government to regulate them. But, in fact, no law can regulate people who are criminals or those who lack a moral compass. When we were growing up, we did the right thing because we were raised to and we were raised to take responsibility for our actions. Businesses no longer have to take responsibility for their actions. They simply mess everything up and wait for the government to bail them out. And guess who pays for it - right, the taxpayer.

But who is helping the taxpayers? No one. I recently attended an event in Los Angeles sponsored by JP Morgan Chase that was designed to help people seeking loan modifications. Well, that is what it was billed as. In actuality, Chase just wanted to get people to sign their loan modification agreements, which from what I heard from people that were there, amounted to tucking arrearages to the backend of mortgages for properties that were upside down without any principal reduction or a reduced interest rate for some initial period of time. But all of these bankers, including Fannie Mae and Freddie Mac, were bailed out by the taxpayers. So while we are paying for their bailouts, the ones who were bailed out aren’t helping the people who have to pay for the bailouts. Something is really wrong with this picture. Why is this so and why can’t the American taxpayer get any help. Is it because we don’t have any lobbyists speaking for us or are we considered too stupid and naïve for Congress to concern itself about us?

Of course, the great unknown for the American taxpayer is how much the Obama healthcare plan is going to cost the American taxpayer. I have yet to talk to anyone - Democrat, Republican or independent - who is for this plan. But yet, it was passed amidst a great deal of fanfare without anyone ever really getting to see what the law contains until after it was passed. This law is going to also cost the taxpayers significantly. How much is unclear. Why - because companies such as WalMart don’t want to have to reduce their profitability by providing healthcare coverage for their employees. So it is now the American taxpayers problem to provide them with healthcare coverage. Again, the taxpayers are bailing out big business. Again, why?

There is nothing wrong with being profitable and giving shareholders a return on their investment. But it has to stop being done on the backs of the American taxpayer. How many future generations of our children and grandchildren are going to have to pay for the wrongdoings and corporate greed of companies through bailouts and the costs of an ever-growing federal bureaucracies which will generate more and more laws and regulations that will overwhelm and force small businesses out of the market, while making the big companies insulated from their greed and corruption by eternally approving bailouts and passing laws that make the taxpayer pay for employee benefits such as healthcare?

For my part, I have had enough of Congress taking money from lobbyists and others and then paying these folks back by burdening the American taxpayer with all this bureaucracy, bailouts and unnecessary laws and regulations. It is time for real corporate accountability and a moral compass for these people so they stop spending their time figuring out ways to make money by circumventing the law. It is time for the American taxpayer to get a bailout or some help or just a thank you for paying for all these bailouts and costs associated with all this regulation. So, Wall Street, straighten up and fly right and stop taking advantage of the American taxpayer - give us a break for once!

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

By Mike Zaman

Bank Name: City State: Closing Date

Sonoma Valley Bank Sonoma CA August 20, 2010
Los Padres Bank Solvang CA August 20, 2010
Butte Community Bank Chico CA August 20, 2010
Pacific State Bank Stockton CA August 20, 2010
ShoreBank Chicago IL August 20, 2010
Imperial Savings and Loan Association
Martinsville VA August 20, 2010
Independent National Bank Ocala FL August 20, 2010
Community National Bank at Bartow Bartow FL August 20, 2010
Palos Bank and Trust Company Palos Heights IL August 13, 2010
Ravenswood Bank Chicago IL August 6, 2010
LibertyBank Eugene OR July 30, 2010
The Cowlitz Bank Longview WA July 30, 2010
Coastal Community Bank Panama City Beach FL July 30, 2010
Bayside Savings Bank Port Saint Joe FL July 30, 2010
Northwest Bank & Trust Acworth GA July 30, 2010
Home Valley Bank Cave Junction OR July 23, 2010
SouthwestUSA Bank Las Vegas NV July 23, 2010
Community Security Bank New Prague MN July 23, 2010
Thunder Bank Sylvan Grove KS July 23, 2010
Williamsburg First National Bank Kingstree SC July 23, 2010
Crescent Bank and Trust Company Jasper GA July 23, 2010
Sterling Bank Lantana FL July 23, 2010
Mainstreet Savings Bank, FSB Hastings MI July 16, 2010
Olde Cypress Community Bank Clewiston FL July 16, 2010
Turnberry Bank Aventura FL July 16, 2010
Metro Bank of Dade County Miami FL July 16, 2010
First National Bank of the South Spartanburg SC July 16, 2010
Woodlands Bank Bluffton SC July 16, 2010
Home National Bank Blackwell OK July 9, 2010
USA Bank Port Chester NY July 9, 2010
Ideal Federal Savings Bank Baltimore MD July 9, 2010
Bay National Bank Baltimore MD July 9, 2010
High Desert State Bank Albuquerque NM June 25, 2010
First National Bank Savannah GA June 25, 2010
Peninsula Bank Englewood FL June 25, 2010
Nevada Security Bank Reno NV June 18, 2010
Washington First International Bank Seattle WA June 11, 2010
TierOne Bank Lincoln NE June 4, 2010
Arcola Homestead Savings Bank Arcola IL June 4, 2010
First National Bank Rosedale MS June 4, 2010
Sun West Bank Las Vegas NV May 28, 2010
Granite Community Bank, NA Granite Bay CA May 28, 2010
Bank of Florida - TampaTampa FL May 28, 2010
Bank of Florida - Southwest Naples FL May 28, 2010
Bank of Florida - Southeast Fort Lauderdale FL May 28, 2010
Pinehurst Bank Saint Paul MN May 21, 2010
Midwest Bank and Trust Company Elmwood Park IL May 14, 2010
Southwest Community BankSpringfield MO May 14, 2010
New Liberty BankPlymouth MI May 14, 2010
Satilla Community BankSaint Marys GA May 14, 2010
1st Pacific Bank of CaliforniaSan Diego CA May 7, 2010
Towne Bank of ArizonaMesa AZ May 7, 2010
Access BankChamplin MN May 7, 2010
The Bank of BonifayBonifay FL May 7, 2010
Frontier BankEverett WA April 30, 2010
BC National BanksButler MO April 30, 2010
Champion BankCreve Coeur MO April 30, 2010
CF BancorpPort Huron MI April 30, 2010
Westernbank Puerto Rico En Español Mayaguez PR April 30, 2010
R-G Premier Bank of Puerto Rico En Español Hato Rey PR April 30, 2010
Eurobank En Español San Juan PR April 30, 2010
Wheatland BankNaperville IL April 23, 2010
Peotone Bank and Trust Company Peotone IL April 23, 2010
Lincoln Park Savings Bank Chicago IL April 23, 2010
New Century Bank Chicago IL April 23, 2010
Citizens Bank and Trust Company of Chicago Chicago IL April 23, 2010
Broadway Bank Chicago IL April 23, 2010
Amcore Bank, National Association Rockford IL April 23, 2010
City Bank Lynnwood WA April 16, 2010
Tamalpais Bank San Rafael CA April 16, 2010
Innovative Bank Oakland CA April 16, 2010
Butler Bank Lowell MA April 16, 2010
Riverside National Bank of Florida Fort Pierce FL April 16, 2010
AmericanFirst Bank Clermont FL April 16, 2010
First Federal Bank of North Florida Palatka FL April 16, 2010
Lakeside Community Bank Sterling Heights MI April 16, 2010
Beach First National Bank Myrtle Beach SC April 9, 2010
Desert Hills Bank Phoenix AZ March 26, 2010
Unity National Bank Cartersville GA March 26, 2010
Key West Bank Key West FL March 26, 2010
McIntosh Commercial Bank Carrollton GA March 26, 2010
State Bank of Aurora Aurora MN March 19, 2010
First Lowndes Bank Fort Deposit AL March 19, 2010
Bank of Hiawassee Hiawassee GA March 19, 2010
Appalachian Community Bank Ellijay GA March 19, 2010
Advanta Bank Corp. Draper UT March 19, 2010
Century Security Bank Duluth GA March 19, 2010
American National Bank Parma OH March 19, 2010
Statewide Bank Covington LA March 12, 2010
Old Southern Bank Orlando FL March 12, 2010
The Park Avenue Bank New York NY March 12, 2010
LibertyPointe Bank New York NY March 11, 2010
Centennial Bank Ogden UT March 5, 2010
Waterfield Bank Germantown MD March 5, 2010
Bank of Illinois Normal IL March 5, 2010
Sun American Bank Boca Raton FL March 5, 2010
Rainier Pacific Bank Tacoma WA February 26, 2010
Carson River Community Bank Carson City NV February 26, 2010
La Jolla Bank, FSB La Jolla CA February 19, 2010
George Washington Savings Bank Orland Park IL February 19, 2010
The La Coste National Bank La Coste TX February 19, 2010
Marco Community Bank Marco Island FL February 19, 2010
1st American State Bank of Minnesota Hancock MN February 5, 2010
American Marine Bank Bainbridge Island WA January 29, 2010
First Regional Bank Los Angeles CA January 29, 2010
Community Bank and Trust Cornelia GA January 29, 2010
Marshall Bank, N.A. Hallock MN January 29, 2010
Florida Community Bank Immokalee FL January 29, 2010
First National Bank of Georgia Carrollton GA January 29, 2010
Columbia River Bank The Dalles OR January 22, 2010
Evergreen Bank Seattle WA January 22, 2010
Charter Bank Santa Fe NM January 22, 2010
Bank of Leeton Leeton MO January 22, 2010
Premier American Bank Miami FL January 22, 2010
Barnes Banking Company Kaysville UT January 15, 2010
St. Stephen State Bank St. Stephen MN January 15, 2010
Town Community Bank & Trust Antioch IL January 15, 2010
Horizon Bank Bellingham WA January 8, 2010

And this is just through August!

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

By Mike Zaman

Foreclosures are a new way to stabilize families facing hard times, because the mortgage payment savings allows them to help a staggering and faltering economy at least on a temporary basis, while getting their own finances back in shape.

The banks may not approve but then no one is asking their permission.

The true number of homes in foreclosure may never be known, but enough is known to make an educated guess. Some are referring to 8 million homes facing foreclosure, but that number could be several times larger. Simply put we are not being given accurate information.

But what we do know for sure is that America is in a backlash mode, and that is not good for the administration or their financial backers, the banks. 775 banks are on the FDIC watch list and 78 have already failed due to the volume of defaulting loans and bank owned real estate.

Millions of borrowers incensed over the administrations lack of real concern for their plight have recently made a decision to simply stop making their mortgage payments and to use the money for other purposes as for example, purchases that have been put off, dinner out, or even a vacation.

Are they taking advantage of the system or struggling against a bank created crisis and merely surviving? You decide!

What most are finding Interesting is the Obama administration was more intent to save the banks, and did so against the very interest of the American family. Why do I say this? The government came to the rescue of the very culprit that caused the problem, (the Banks) with an astonishing $787 billion, and the insurance carrier that was allowing the foreclosures to continue, AIG with an additional $180 billion.

AIG was the guarantor of the Derivatives that paid the banks when a borrower defaulted. By providing AIG some 180 Billion dollars, the government not only allowed the banks to continue foreclosing on American borrowers, but promoted it, because when a default was reported to AIG, they paid the full amount of the loss, thanks to Timothy Geithner.

If AIG would have been allowed to collapse, or paid to Wall Street insiders 25 cents on the dollar there would have been NO incentive to foreclose in the volume the banks pursued.

Now another scenario presents itself in retrospect, the main problem facing borrowers today is the high interest rates, and over valuations of their property. In short most borrowers are under water, in some areas, like Nevada, this state of mortgage reality is as much as 80%.

If the administration and indeed congress gave a rats hair about America rather that their beneficiaries, they would have made the money available to borrowers to pay to the banks for a loan modification and principal reduction. If they had, Washington Mutual would still be around, as would Indymac. What congress in their ignorance have done, is to guarantee that the too big to fail got even larger.

But they did not have the American public’s interest on their mind did they? And bank failures and consolidation is ongoing. If they had both the Banks and the public interest on their compass they would have been bailed out simultaneously, and then there would have been no depression. A much lower level of foreclosures, and sanity would have prevailed.

As it now stands, millions of homes have already been foreclosed and millions more are waiting in the wings, the unemployment level is a real 63 million representing 40% of the work force. The economy is trudging along on one foot as those who have stopped making mortgage payments are actually, bless them, spending their money buying things they had put off to make instead their overpriced mortgage, and 30,000 good people are filing bankruptcy each and every week.

Now something to think about: what value did America have invested in Wall Street? And what advantage did America receive from Wall Street being bailed out for a second time?

And everyone knows it will happen again!

The views expressed in any article, reports, or news writings are not necessarily the views of Crown Equity Holdings, Inc. nor its officers, directors, staff, or contractors or the opinions of this site. Views expressed in articles and news are those of the author alone. Please note that Crown Equity Holdings, Inc. is not liable for the contents above. Please read our disclaimer