Magicman1264] Can this be our day?
[sunny] Magicman1264 YES! YES! I heard it on the Grapevine?
[Midnight Blue] They were talking about changings in bank reserves requirements to make US banks Bazil 3 this morning on Fox news this morning.
Midnight Blue] Did you read mountaingoat on recaps this morning?
[Midnight Blue] He claims the RV was active in Iraq, but Bazil 3 problems including in US was keeping it from going global yet. IDK if that is true, but is interesting
Midnight Blue] Then I heard Foxnews talking about what needs to be done in USA to make our banks Bazil 3 compliant.
[highhopes] Midnight Blue Sure sounds like that could have been a glitch in releasing the RV here in the states
Papa Bear] 2 Fed governors speak today and we are in the 2nd day of Fed emergency meetings on Basil 3 compliance want more asset backing is a good thing for our safety
[Papa Bear] Lots going on in Iraq and Reno as usual
Read More Link on Right
deb2blessed] Papa Bear Midnight Blue do you think today when they vote on the Basil3 this will all go?
[Midnight Blue] deb2blessed IDK, possible
[jerseyjoe] MRS.) Midnight Blue can you tell us what Fox news felt way our banks are not Bazil 3 ready?
[Papa Bear] My intel says Ramadan doesnt stop this world wide event in fact they are pushing to get it done before.MY intel and to keep me out of trouble with puppylove IMHO
[Midnight Blue] jerseyjoe they didn't say. They want big banks to increase reserves from just 4% to 6% and small banks to 4%
[Papa Bear] Midnight Blue What meetings last 2 days on at Fed
bamaredbull] MB do you have a fox news link?
[Midnight Blue] bamaredbull I was watching TV,The old fashion way. LOL
[Papa Bear] Midnight Blue Good post will make us safer
[Midnight Blue] Papa Bear agree, but the reserve rate use to be 10%, That would be more reasonable IMO
[Midnight Blue] Some countries require up to 15% reserves
katydid] Bloomberg has scrolling that the vote has happened!!!! Lot's scrolling on Bloomberg bout the global banking!!! May have already voted. Waiting until more scrolls across!!!
[deb2blessed] "July 2, 2013-- Fed to vote on Big bank capital rules.... Fed moves forward with Basel rules." Article today from going global east meets west -- this is HUGE IMO
burk50] MidNight Blue so how long does this requirement take ?
[Midnight Blue] burk50 They were talking about months to accomplish, but they may vote on it to day and that may survice, but that is just conjecture on my part.
[Papa Bear] Midnight I’m interested in our safety… the banks are making plenty of money on us and at reset even more
katydid] It is scrolling now on Bloomberg: "Fed votes to apply Basal III for larger banks to ease funds for small lenders!" I am sure they will get it together and release today!!! IMO
[Papa Bear] katydid GREAT POST
[heartfelt] Both C-Span is talking about NSA Data Center and the Feds and C-Span2 is about Basel lll New Banking Supervision and Tier 1 Capital
[sandytob] Papa Bear Do you believe that our banks are not B III compliant? Sounds like smoke to me if they are talking about it on the news and none of our intel ppl have heard this before. What do you think?
[Papa Bear] sandytob All banks …NOT larger banks yes .
[Papa Bear] sandytob Small local family owned banks have their own agendas.
[deb2blessed] Papa Bear are you speaking of personal security at the banks-- or our money security?
[Papa Bear] deb2blessed MONEY SECURITY
[bamaredbull] Robertprofessor predictions?
[sandytob] Papa Bear It just seems strange that no one was aware of this during all these months of getting ready.
[DocB] Papa Bear Do you feel this is going to slow down our CE if only large banks are done.
[Papa Bear] DocB NO!
[burk50] Papa Bear what agenda for family owned banks ,r they okay to deal with ?
[Papa Bear] burk50 Small family owned banks loan to who they want too. Pay cd rates of .25% and lend out at 6-12 %. Why should they change
Papa Bear] Small banks owned locally and run locally werent the majority of problem we had before.
[constantlyabiding] Papa Bear I thought all the bank stress testing we heard about months ago was about Basel 3 compliance.. and the talk about all the banks that failed etc.
[DocB] Papa Bear TY I like the sounds of that
[nolaspice.] Kind words, kind actions, kind thoughts bring on a kind life... LETS ALL BE KIND and LOVING today!
[Papa Bear] nolaspice. Great POST
[misskitty05] it's the same old problem .. we don't know what we don't know. imo
[nolaspice.] We all need to remember we are all in the same boat!!! Why paddle against each other....
[DocB] Papa Bear IYO would these smaller banks be an issue if we move some of our monies from WF into their vaults
[Papa Bear] DocB I have one of the strongest small family banks here in the country and know all family who owns and board would not be afaid to diversify there at all.. Vey conservative
[bigworm] Vatican Bank Officals Resign amid broadening finaancial scandal. what a day guys.
[misskitty05] bigworm looks like there's some house cleaning underway
[cookiesdad] not much on the bloomberg thing, but Beneke is suppose to speak on the B3 @ 1030est .... they made reference a 7% something (sorry, they were flying through it) that B is to address and that will have some bearing on the big banks
1helton] cookiesdad you're correct - said banks need 7% backing for BIII compliance
[burk50] Papa Bear will these small banks be basil3 then ,be safe?
Papa Bear] burk50 NOPE no need to be most of capital family .very conservative . KNOW YOUR BANKS and people in charge.
[DocB] Papa Bear Great news! I find it reassuring to know that there is still integrety at some levels.
[misskitty05] Papa Bear can we rely on the lists that rate commercial banks iyo? (trying again with that Q lol)
[Papa Bear] misskitty05 On small banks all you have.Such as Weiss Advisory service
[Papa Bear] misskitty05 I trust Weiss more than Moodys or SP IMHO
[misskitty05] Papa Bear yes, I was thinking of Weiss ty
[deb2blessed] Papa Bear are you still hearing that we have only ONE shot at the high bank rate c/e with WF?
[burk50] Papa Bear is WF ready for us Basil 3 compliant ?
[Readynow] burk50 yes
[Papa Bear] burk50 YES DEFINITELY
[DocB] Papa Bear IYO will the fact that small banks are not yet Basil III compliant in anyway hold or retard the time of our CE release.
[Papa Bear] DocB NO