[BigDog-OH] (Copied From Twitter)
@JCR3758: Parliament is still working. HCL was finalized (before it was temporary & just an agreement).
Laws were passed.
Rollout is still active.
Iraq is working with IMF guidelines.
China wants this done.
CBI ready. Once RV is released in Iraq it will go viral and Intl.
This is being pushed now. More details as confirmed. I am still hearing that there is a plan to start the public exchange before Xmas. I will post good or bad, no bs. Just keeping it real.
[FLPatriot59] Derivatives are transactions that allow you to bet on the future price of a commodity or the direction of interest rates or the value of other financial instruments.
For instance, airlines use derivatives to protect themselves against fluctuations in the price of jet fuel. Banks use the transactions to protect themselves from fluctuations in interest rates.
Of course, derivatives also include things like the mortgage-backed securities and credit default swaps that brought Wall Street to its knees and fueled the financial crisis. So after the financial crisis, the Dodd-Frank reform bill included provisions that prohibited banks with government backing like FDIC insurance from engaging in transactions involving the riskiest of these derivatives, like credit default swaps, because if things went bad, taxpayers would once again be on the hook to bail them out.
Under Dodd-Frank, those risky transactions were to be pushed out into affiliates of the banks that didn't have any government safety net. The banks hate this provision. They say it's too complex and unworkable, and they've been lobbying to repeal it. And they managed to get language that does that into this bill.
Sen. Warren said on the floor of the Senate yesterday that repealing the so-called push-out rule would allow Wall Street to gamble with taxpayers' money once again and, if something went wrong, get bailed out by the government again. But there are some Democrats and prominent reformers, like Federal Reserve Chairman - former Federal Reserve chairman Paul Volcker, who have actually supported the rollback.
That group agrees with the banks that the push-out rule does complicate the regulatory framework. And they say another provision of Dodd-Frank, called the Volcker Rule, largely takes care of the problem. It prohibits banks from using federally insured deposits to make investments for the banks own proprietary accounts. And that would include derivatives like credit default swaps. They also say pushing these transactions out of the banks means they would be less regulated.
What you've got here is a split between centrist Democrats and populists like Sen. Warren. Until very recently, Democratic leaders said that they were comfortable with this deal and that, in fact, they got some additional funding for financial regulators in it. But now it looks like there may not be enough votes to pass it.
[xyz] Lagarde says IMF to discuss moving on voting reforms without Washington .. The head of the International Monetary Fund said on Friday the global lender was ready to discuss ways to move forward without the United States
Whatwhat: had a mtng w WF wealth mgr yesterday... he was very accomodating... but did mention that there were a number of folks coming in to see him... and they were not pleased that the RV was not yet available to the general public... but made no bones about it eventually happening
[.SEDNET1] Warning! TGIF Snicker Alert!
A couple of terrorists were making letter bombs.
After they had finished, one said: Do you think I put enough explosive in this envelope?
I dont know, said the other. Open it and see.
But it will explode.
Dont be stupid! Its not addressed to you! rofl lol rofl
backdoc » December 12th, 2014, 5:06 pm IMO
I AM PERSONALLY CAUTIOUS ON INTEL AND NEWS OUT OF IRAQ!!
I EXPECT LIES OR MISLEADING INFO.
WE ARE GOING INTO THE YEAR END WITH A CASH STRAPPED COUNTRY WITH A FREE FALL IN THEIR MAIN SOURCE OF REVENUE!!
WHAT BETTER TIME TO GIVE VALUE TO A COUNTRY'S CURRENCY WHEN EVERYONE IS NOW EXPECTING WEEKS IF NOT MONTHS?
THIS IS A COUNTRY DYING TO DIVERSIFY THEIR ECONOMY TO GAIN ADDITIONAL REVENUE QUICKLY!!!
THE MOST OPTIMAL TIMING IS THE BEGINNING OF A YEAR!!!
IF THE STOCK MARKET BEGINS TO MELT DOWN WE JUST MIGHT HAVE A NEWS WORTHY EVENT AS A MEANS OF DISTRACTION!
I ALSO AM INTERESTED IN THE CHANGE IN SECURITY IN BAGDAD!!! DOC IMO
drdonar: Hey backdoc....do you find it strange that the treasury is spending $ 200,000 on survival kits for its bank examiners?
Backdoc: ONE CERTAINLY HAS TO TAKE NOTICE ON THAT!!! GOOD CALL !!
THERE HAVE BEEN NEAR 30 BANKERS THAT HAVE JUMPED OR THROWN OUT WINDOWS OR HAD THEIR THROATS SLASHED IN THE PAST FEW MONTHS!!! SOMETHING IS A COOKIN BROTHER!!!! DOC
backdoc » December 12th, 2014, 6:37 pm IMO
IF THE DODD-FRANK DERIVATIVE PROVISIONS ARE REMOVED FROM THE U.S. BUDGET LAW THE DOLLAR WILL BE IN JEOPARDY, IN FACT EVERY TAX PAYER WILL BE !!
THE WINNER WILL BE THE FED BANKING SYSTEM AND AN ACCELERATED MOVE TO THE MULTILATERAL SDR FORMAT SYSTEM !!
WELCOME TO THE NEW REALITY FOLKS ! OUCH !! DOC
jdtolle » December 12th, 2014, Good Afternoon! Think about it differently
There are many more ways than just one way to think of any situation. If you’re stuck, or perplexed, angry, frustrated, conflicted or confused about anything, give yourself the option of thinking about it differently.
Instead of going over the same puzzle again and again, scramble up all the pieces and come at it from a completely different angle. Throw out your assumptions, take several steps back, and give yourself the benefit of a new perspective.
You are wonderfully creative, so put that creativity to good use. You can think whatever you choose to think, so choose to think in new and original ways.
Perhaps what you think you need to get rid of, is actually something you could use more of. It could be that what you once considered impossible is not only possible, but is also the most effective way forward.
Challenge what you’ve assumed, and what you think you know. Just beyond your supposed certainties, are many great possibilities.
There’s something good, valuable and workable in any situation. Think about it differently, and find an amazingly wonderful way forward.
— Ralph Marston Wishing All a safe, warm and blessed day/weekend
JDT PS: If you want to succeed you should strike out on new paths rather than travel the worn paths of accepted success. -- John D. Rockefeller