Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

16 responses to “Interactive Map of Washington’s Banks and Credit Unions”

  1. softwarengineer

    Even Roubini Still Predicts Bank Troubles Ahead too

    Article in part:

    “…“The headline number will look large and big, but actually when you dissect it, it’s very dismal and poor,” Roubini said in a Jan. 30 Bloomberg Television interview following a U.S. Commerce Department report that showed economic expansion of 5.7 percent in the fourth quarter. “I think we are in trouble.”

    Roubini said more than half of the growth was related to a replenishing of depleted inventories and that consumption was reliant on monetary and fiscal stimulus. As these forces ebb, the rate will slow to 1.5 percent in the second half of 2010….”

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aqLMEUObhysc

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  2. pfft

    By softwarengineer @ 1:

    Even Roubini Still Predicts Bank Troubles Ahead too

    Article in part:

    “…The headline number will look large and big, but actually when you dissect it, it’s very dismal and poor, Roubini said in a Jan. 30 Bloomberg Television interview following a U.S. Commerce Department report that showed economic expansion of 5.7 percent in the fourth quarter. ‘I think we are in trouble.’

    Roubini said more than half of the growth was related to a replenishing of depleted inventories and that consumption was reliant on monetary and fiscal stimulus. As these forces ebb, the rate will slow to 1.5 percent in the second half of 2010…”

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aqLMEUObhysc

    I just posted this in the open thread.

    Nouriel Roubini’s 2009 Stock Market Calls Track Record
    http://www.marketoracle.co.uk/Article14751.html

    calculated risk is fast becoming my favorite website. all the bears I used to read are not doing it for me anymore. they need a new act.

    EDIT: how could roubini fall into the restocking trap? isn’t he supposed to be the good economist? consumer spending plunged, it will and is coming back.

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  3. DefineTheBox

    It doesn’t look like any credit unions are in trouble. I stopped using commercial banks over a decade ago and will never go back to them. Credit unions, while once having sort of a stigma, are seeing a surge in membership. Imagine that.

    Keep your money in your community folks. Don’t pay high fees and and interest rates. Get better returns on your savings accounts. Every dollar you deposit into a credit union is a dollar of OWNERSHIP of the institution.

    Before one can think outside the box, one must first Define the Box.

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  4. Ray Pepper

    Say good bye to STSA!

    http://seattle.bizjournals.com/seattle/stories/2010/02/01/daily9.html?ana=yfcpc

    Just plain UGLY!

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  5. Ray Pepper

    Heres the other one…Pure and Simple UGLY!

    http://seattle.bizjournals.com/seattle/stories/2010/02/01/daily2.html?ana=yfcpc

    You gotta love this line:

    “Bank officials weren’t optimistic about the future”

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  6. softwarengineer

    RE: pfft @ 2

    Ask Dr Doom

    When you were predicting RE would go up with no end in 2004/2005, Dr. Roubini was ridiculed for predicting an imminent bubble. Roubini was right and you were likely wrong in your overly optimistic predictions, your track record proves it.

    I bet you were predicting a bottom to the RE market in 2009 too….LOL.

    The only 2009 bottom we hit is “No Jobs”.

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  7. softwarengineer

    RE: softwarengineer @ 6

    Good News PFFFT:

    Stocks are surging up today because of the rosy report.

    Article in part on “Pending Sales”:

    “…The National Association of Realtors, a trade group, says Tuesday its index of sale contracts rose 1 percent in December….”

    http://finance.yahoo.com/news/Stock-futures-rise-ahead-of-apf-298260406.html;_ylt=Am4HdpvTvAHn.XhTOHo.1b67YWsA;_ylu=X3oDMTE1b21ob2x1BHBvcwMyBHNlYwN0b3BTdG9yaWVzBHNsawNzdG9ja3N1cGFzcGU-?x=0&sec=topStories&pos=main&asset=&ccode=

    I’ll leave it to Tim to explain to you why “Pending Sales” and “Closing Sales” don’t even compare…LOL

    Speaking of the mainstream media grasping at straws to put lipstick on an economy with no jobs, imagine like Roubini pointed out where things would be in free market, without limited corporate and upper class welfare debt artificially propping it up….LOL

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  8. softwarengineer

    Get Out of Debt

    Looks like the write offs and tax credits for 2009 are being phased out by Obama:

    Article in part:

    “…Middle-class families also will find fewer tax breaks available to them in 2010 if other popular tax provisions are allowed to expire. Among them:

    * Taxpayers who itemize will lose the option to deduct state sales-tax payments instead of state and local income taxes;

    * The $250 teacher tax credit for classroom supplies;

    * The tax deduction for up to $4,000 of college tuition and expenses;

    * Individuals who don’t itemize will no longer be able to increase their standard deduction by up to $1,000 for property taxes paid;

    * The first $2,400 of unemployment benefits are taxable, in 2009 that amount was tax-free….”

    http://news.yahoo.com/s/nm/20100201/bs_nm/us_budget_backdoortaxes

    Cash is King.

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  9. matsayswhat

    RE: softwarengineer @ 8
    If I recall Obama’s new plan is that there will be $10,000 of tax deduction over four years for college (going by memory off of last weeks speech), so it’s not like it’s being eliminated.

    http://news.yahoo.com/s/bloomberg/20100128/pl_bloomberg/acvn66v9bl8

    I suppose we’ll see how it’s actually implemented…

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  10. AMS

    RE: matsayswhat @ 9 – That’s credit, not deduction.

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  11. matsayswhat

    RE: AMS @ 10

    Gah, Good eye. Those two are pretty different!

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  12. softwarengineer

    RE: matsayswhat @ 9

    Deflation Avoidance With Debt Destroys Our National Security

    The WSJ made it clear that the American spending party should end, time to throw the empty beer cases and bottles away and clean up the party house. Article in part:

    “…The U.S. government this year will borrow one of every three dollars it spends, with many of those funds coming from foreign countries. That weakens America’s standing and its freedom to act; strengthens China and other world powers; puts long-term defense spending at risk; undermines the power of the American system as a model for developing countries; and reduces the aura of power that has been a great intangible asset for presidents for more than a century….”

    http://finance.yahoo.com/banking-budgeting/article/108736/deficit-balloons-into-national-security-threat?sec=topStories&pos=5&asset=&ccode=

    Or, we can stay on this “Fall of Rome” tax credit to the upper classes debt cycle and sell off America piece by piece….i.e., how about selling Mt Ranier to the Chinese to bail us out for more real estate uncontrolled population debt?

    Imagine Chinese soldiers at the Mt Ranier park entrance collecting the $50 entree fee in America….LOL

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  13. julie

    I’m tempted to open a checking account at the Cascade Bank even though they are on the troubled bank list. The checking rate is very attractive (up to 1.9% APY).

    http://www.cascadebank.com/personalbanking/depositrates.cfm

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  14. PhinneyDawg

    What does it an “unknown” status mean? Is it exactly that? Or does that mean the institution may be in trouble?

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  15. WA Troubled Banks Update (Plus National Bank Bonus) • Seattle Bubble

    [...] latest Unofficial Problem Bank List (updated 03/19).There have been a few changes since our last update in February. Rainier Pacific Bank of Tacoma failed in late February, North Cascades National Bank in Chelan and [...]

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