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	<title>Midas Oracle .ORG &#187; Downey Financial</title>
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		<title>Washington Mutual is seized by the US government.</title>
		<link>http://www.midasoracle.org/2008/09/26/housing-bubble/</link>
		<comments>http://www.midasoracle.org/2008/09/26/housing-bubble/#comments</comments>
		<pubDate>Fri, 26 Sep 2008 09:49:18 +0000</pubDate>
		<dc:creator>Chris F. Masse</dc:creator>
				<category><![CDATA[Analysis (Accuracy & Precision)]]></category>
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		<guid isPermaLink="false">http://www.midasoracle.org/?p=9894</guid>
		<description><![CDATA[- New York Times - Another one bites the dust: (Sorry for those who have a narrow screen and don&#8217;t see the right part of this big chart.) - According to InTrade, here are the banks that could fail next: &#8230; <a href="http://www.midasoracle.org/2008/09/26/housing-bubble/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>- <a title="Government Seizes WaMu and Sells Some Assets" href="http://www.nytimes.com/2008/09/26/business/26wamu.html?em">New York Times</a></p>
<p>- Another one bites the dust:</p>
<p><a href="http://www.intrade.com/"><img class="alignnone size-full wp-image-9895" title="washington-mutual-to-fail" src="http://www.midasoracle.org/wp-content/uploads/2008/09/washington-mutual-to-fail.png" alt="" width="780" height="311" /></a></p>
<p>(<a title="How to set up your PC and browser correctly" href="http://www.midasoracle.org/information-technology/">Sorry for those who have a narrow screen and don&#8217;t see the right part of this big chart</a>.)</p>
<p>-</p>
<p>According to <a href="http://intade.com/">InTrade</a>, here are <strong>the banks that could fail next:</strong></p>
<p>- Bank United Financial</p>
<p>- Downey Financial</p>
<p>-</p>
<p><strong><em>External Links About The Big Bailout:</em></strong></p>
<p>- Reason magazine have collected <a title="Free market economists weigh in on Paulson's plan" href="http://www.reason.com/news/show/129041.html">opinions from <strong>the leading free-market economists on the Bailout issue</strong></a><strong>.</strong></p>
<p style="padding-left: 180px;">There is no reason to expect the correct solution from <strong>the same people who created the crisis in the first place</strong> and who until very recently thought the economy was strong and that there was little or no chance of recession. [Mark Thornton]</p>
<p style="padding-left: 180px;">This is <strong>a financial coup d&#8217;etat</strong>, with the only limitation the $700 billion balance sheet figure. [Yves Smith]</p>
<p>- <a title="Another trillion dollar fraud" href="http://gondwanaland.com/mlog/2008/09/25/another-trillion-dollar-fraud/">Mike Linksvayer has some additional good links</a>&#8230; and some strong words, too. <img src='http://www.midasoracle.org/wp-includes/images/smilies/icon_biggrin.gif' alt=':-D' class='wp-smiley' /> </p>
<p>- Arnold Kling:</p>
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<p>- NYT:</p>
<p><a href="http://www.nytimes.com/2007/09/23/weekinreview/23bajaj.html"><img class="alignnone size-full wp-image-9896" title="real-estate-bubble" src="http://www.midasoracle.org/wp-content/uploads/2008/09/real-estate-bubble.jpg" alt="" width="782" height="1000" /></a></p>
<p>-</p>
<p>UPDATE: <a href="http://www.nytimes.com/2008/09/26/opinion/26krugman.html">Paul Krugman</a></p>
<p>-</p>
<p>UPDATE: <a href="http://www.manhattan-institute.org/html/mi_financial_issues.htm">The Manhattan Institute on financial crisis and the Bailout</a></p>
<p>-</p>
<p>UPDATE:</p>
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