Jeff

  In Jeff

We will not see a rate change until Kurdistan and Baghdad resolve their difference and reach that comprehensive agreement. It’s that simple. That’s really the #1 thing that you guys have seen since the beginning of this year…all the articles coming out have been talking about Kurdistan and Baghdad reaching a comprehensive agreement. IMO they will not reach an agreement until September. You guys know September is red hot…Iraq only has money to cover them through August…they just told you they are not going to be borrowing anymore money.