Poppy3: WE ARE WAITING ON THE 16 MAJOR BANKING LAWS THAT WILL PROTECT THE INVESTORS OF MAJOR CORPORATION SO THE 86 OF THEM CAN BE SAFE ON INVESTING.
LIKE FORD MOTOR CO WANTS TO BUILD A MANUFACTORY THERE. HCL IS ONLY A PART OF THE ITEMS THAT NEED VOTING INTO LAW.
THEY ARE SAID TO HAVE AGREEMENT ON ALL BUT TWO NEW AMENDMENTS AND COMPLETION OF THE HCL AGREEMENTS.
All are to be back IN PARLIAMENT THIS WEEK AND PRESENTED EARLY NEXT WEEK FOR READING AND VOTING.
ACCORDING TO WASHINGTON THE GOI AND CBI ARE IN THE FINAL PHASES OF FINANCIAL REFORM AND CURRENCY REFORM.
tman23 Fact...Monday the 16th the 3 Presidents are scheduled to meet...Abadi, Jabouri, and Masoum...It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st...
IMO...I believe from news and what is happening on the streets regarding the economy...that after Saturdays Conference and Mondays Presidential meeting...then Tuesday's CoM meeting...
I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy..
Topic: Try to be a rainbow in someone's cloud. Maya Angelou
[arizona49] 2 banks fail US Fed stress tests, Bank of America put on ‘warning’ Published time: March 12, 2015 10:23
The US Federal Reserve has rejected the capital plans of US branches of Germany’s Deutsche Bank and Spain’s Banco Santander in a test designed to gauge whether America’s biggest banks are prepared to withstand a hypothetical financial crisis.
The 31 institutions that were tested this year hold $14 trillion in assets as of the fourth quarter of 2014, or about 80 percent of domestic bank holdings in the US, the US Federal Reserve said Wednesday. Both the banks which failed have passed Europe’s financial institution stress tests.
The two banks were the only foreign banks out of the 31 major banks audited to fail the second part of the stress tests. America’s largest bank, Bank of America, only got a conditional pass, and will need to submit a new capital plan by September. The Fed said that BofA had “deficiencies” in how it would react to a severe economic downturn. "Our capital plan review helps ensure that the capital distribution plans of large banks will not compromise their ability to continue lending to businesses and households even during a period of serious financial stress," Federal Reserve Governor Daniel Tarullo said in the press release.
All 31 banks passed part one last week, which measured whether the institutions had an adequate capital buffer. http://rt.com/business/239981-us-bank-stress-test-fail/
BadScott54: Expect Your Miracle. Expectation...is acting as if your miracle has already happened. Organize your life around your Expected Miracle. Plan it. Talk it. Believe it. Expectation qualifies you for receivership. It transfers you from the masses who need miracles...to the chosen who receive them. Expectation Is A Seed. Dr, Mike Murdock
Dinan: My Personal Bank Story March 12th!
Hello TNT. I want to share my personal bank story. But before I do, please understand that I will not respond to countless amounts of PM's, nor will I give the exact bank location and or names. The following is my personal bank experience, not yours, mine, and in person...period.
I do not care to see any lame feedback and or negative nelly comments. This April will be my 11th year in this investment. I am not a newbie by no means.
I care about everyone in this forum and believe that we are all in this together. With that said...here goes.
On March 11th, Wednesday, I met with a Personal Banker at one of the major banks where I reside. The Personal Banker was very polite, polished and well versed. He made me feel very comfortable. My visit was to establish several personal accounts that I needed. He was extremely informative on the products and services that the bank would be happy to render along with my accounts. I was again, very impressed and he made me feel at ease.
Forty-five minutes into the meeting he learned that I worked for an airline and traveled extensively internationally. I took advantage of this window of opportunity, and then asked what all foreign currencies did his bank currently exchange. He looked on his desk top and advised what all currencies they currently sold and or exchanged. He mentioned the KWD as one of them.
The conversation continued: PB (Personal Banker) WM (Wealth Manager) and ME
PB - "Is there a particular currency you are needing to acquire and or exchange"?
ME - "Why yes...the Iraqi Dinar (IQD) and or the Vietnamese Dong (VND)...I added.."they may also be listed as IQN and or VNN respectively".
PB - "The VND, (he said VND), I am able to possibly acquire for you".
ME - "Well no..actually...I am interested in exchanging either currency".
PB - "Well, I do see the Kuwaiti Dinar here but I do not see the Iraqi Dinar".
ME - "Interesting..there are Forex Sites that list the IQD (IQN) and the VND (VNN)."
PB - "Sir, one moment, let me get a WM that will be able to further assist with these currencies ".
5 MINUTES LATER!
WM - "Hello my name is XXX XXXXX, I understand that you have inquiries about a currency'?
ME - "Hello..yes...two...the Iraqi Dinar and the Vietnamese Dong".
WM - "And what are your concerns"?
ME - " I have no concerns...just simply inquired if your bank exchanged these two currencies". "I understand that amongst the five major banks, this will be one of the major banks elected to exchange both these currencies".
WM - "Yes..I have had recent memos on that..and recently assisted a client with the Iraqi currency" (I was not shocked but presently surprised to hear these words.)
WM - "And how much of these currencies do you have'? (I responded with the amounts.)
SHE WROTE DOWN THE AMOUNTS...ADVISED SHE NEEDED TO MAKE A PHONE CALL AND
EXCUSED HERSELF. ABOUT 12 MINUTES LATER!
WM - "Thank you for waiting"..."I placed a call to our Central Hub for Currencies and spoke to XXXXX-XXXXX". "She is wanting to meet with you along with two other WM's and a Private Banker on Friday the 13th at 2:00PM". "What exchange rate are you anticipating"?
ME - "I have been advised that the market exchange rate currently showing on bank screens is $3.90 for the Iraqi Dinar". "I am also aware of the fact that this particular bank has exchanged high net worth clients for the past year at market and or contract rates".
WM - (she reached for a calculator then said).." $3.90..I believe we can do a little better than that". (Again I was pleasantly surprised.)
PB - He chimed in onto the conversation and asked the WM,.."so are we going to exchange these currencies"?
WM - "From what I have been told by XXXX-XXXXX from the Central Hub..yes". "So is Friday the 13th at 2:00 PM good." "Again..you will be meeting with myself (WM), the person from the Central Hub along with 2 other WM'S and a Private Banker".
ME - "Fine". (We said our goodbyes and exchanged further pleasantries...etc.)
I left the branch and from the parking lot I called everyone I knew and relayed the whole experience to them. Some cheered extensively, others were in shock, and my business partner was in disbelief! LOL
TODAY...THURSDAY THE 12TH
This morning at around 10:00 am PST, I received a call from the Personal Banker confirming our appointment for tomorrow, Friday the 13th at 2:00 PM. He advised that the WM I met yesterday will also follow thru today with a call with additional information on the Iraqi Dinar.
4:25 PM The Call from the WM today the 12th.
I just received a phone call from the WM from yesterdays first meet. She (WM) advised that she received a call from the Central Hub for Currencies contact that she had spoken too yesterday, and relayed that their Corporate advised to cancel the meeting for Friday the 13th...reason being...this major 5 bank will not participate in the Iraqi Dinar exchange.
I thanked her (WM) and the PB for their time, and recapped that I had spent an hour and half of my time with both her and the PB at the bank in reference to the exchange of the currency...I was courteous in relaying...you got your contact within the Central Hub for Currencies involved...she, the Central Hub contact, in turn advised for a meet with two other WM's and a Private Banker...you (WM) acknowledged that your bank was involved via your recent corporate memos along with your admission that you had recently assisted a client with the Iraqi Dinar....and you also added that you would be able to do better than $3.90 on the exchange rate. You personally wrote down all my personal information and point of contact to...NOW... you are relaying that Corporate advised to cancel the meet..and that they will not participate in the Iraqi Dinar exchange.
I said..."Well XXXXXX, you and I know for a fact that your bank will be involved with the exchange of the Iraqi Dinar...maybe not now at this moment..but soon...you have my information and point of contact...call me at anytime when you learn that your bank is publicly exchanging.
And there you have it folks. First a complete flat out admission followed by a Corporate retraction!
But...no worries...I am fortunate to have had this experience first hand. I am completely now more than ever convinced that this blessing is going to be bestowed upon us all!!
Have a great day!
DKC101: DINAN, I've had two of the exact same experiences with two of the five major banks back in December and earlier this month.
I was surprised that they reneged on my appointments, especially after being setup from their headquarters.