Nomadandboop: Everyone needs to heed somehing I’ve been saying many years now, if you’re waiting on your ship to come in, make sure you’re not at the airport!!!!
Iko Ward : Just think, a few weeks ago 1080.7 would have had us dancing in the aisles, now it’s like really? Pass the salt.
Blueblaze1962: I am surprised to see forex saying IQD back to 1165.00….that’s almost exactly where it was months ago….what the heck does that mean….for the last few weeks we have seen positive movement and now back to where it was?? I’m confused?
Olesailor: blueblaze the forex is a trailing indicator and it is a trading platform. The players are just bouncing it to make money, and lots of it,
Mtnman: blueblaze IKo said that is a good thing…..forex aligning with CBI
Iko Ward: Well that was quick. Back to 1165. Somebody made a quick buck. Let’s see what else happens.
Rrrr: As our lives are about to be changed…. Let’s stop and take a look at the Grand scheme of things. We are here for a reason. The world is emerging from a metamorphosis. We are an important part of this process. We are the butterfly of Love, Compassion and Generosity for the Earth. We will PIF a change to the world…It’s time to change the path of mankind Dinarians. Let us be the Light Workers for all of mankind. This is Truly OUR Moment… Our Place in Time.
Bita: Can someone answer this question? Why are banks getting ready for the currency exchange, I thought we were going to exchange centers?
Cloudwalker: Bita, because it’s the banks that run the exchange centers. And when the exchange centers are done serving their purpose, it’s the bank locations themselves that will do the exchanging.
TBirdd: Bita—the Banks handle the funds for their exchg centers — jmo..
Daz: EXCHANGE CENTERS ARE STILL BANK AFFILIATED
Four2tous: China Pres. visits Zim today=
Four2atous: Old news needs restating( Asian currencies get hammered)=http://www.nationmultimedia.com/business/Asian-currencies-get-hammered-30268141.html
Four2atous: Might help our Dong play=
BuddyDog: fOREX LOOKS LIKE 6 FLAGS ROLLER COASTER…http://www.forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.html
Yecooche: New Fed rule limits its crisis bailout powers
WASHINGTON (Reuters) – The Federal Reserve Board on Monday adopted a rule that stops it from bailing out individual companies, a change that Congress demanded after the central bank’s controversial decision to help rescue American International Group (AIG.N) and others during the financial crisis.
The rule is designed to help end the notion of individual financial companies being “too big to fail,” by allowing the Fed to rescue only the broader financial system instead of individual companies. Under the rule, the Fed can make emergency loans that can potentially be used by at least five companies, but it cannot make more ad hoc rescues like its efforts to save AIG during the crisis.
The Fed adopted the rules after the 2010 Dodd-Frank financial reform law required the central bank to curtail emergency loans to individual companies and to insolvent companies. The final regulations define insolvent companies as those that had failed to pay “undisputed debts” in the previous 90 days.
Fed Governor Daniel Tarullo said during the meeting that the regulations would better balance the Fed’s need to respond in a crisis with the concern that managers expecting a bailout in the worst-case scenario would be more likely to take big risks to try to turn their companies around in times of stress.
There has been “a longstanding tension of confronting moral hazard with wanting to retain flexibility,” said Tarullo, the Fed’s point person on regulatory issues.
As the financial crisis intensified in 2008, the Fed invoked its little-used emergency lending power to help stave off the failure of AIG. It also lent money to JPMorgan Chase & Co to help reduce the bank’s potential losses from buying Bear Stearns, which was on the brink of collapse.
The Fed also enacted a series of more general emergency programs, in all providing $710 billion in loans and guarantees to a wide range of financial companies. Those programs were separate from the much larger Fed asset and bond purchases known as quantitative easing.
In September 2008, the Fed refused to bail out Lehman Brothers, which according to senior officials at the central bank was not solvent and therefore could not be rescued. The investment bank filed for bankruptcy in September 2008, even as other troubled financial companies, such as Citigroup Inc, (C.N) received multiple rescues from the government.
The Fed’s crisis-era loans have been repaid and the guarantees ended, ultimately earning the central bank a net profit of $30 billion, according to a September Congressional Research Service review.
But critics have argued that the Fed overreached during the crisis, using its emergency authority in ways not clearly foreseen by lawmakers.
The Fed routinely lends money to banks on a short-term basis to smooth the operations of the financial system, which is part of its mandate. But since the 1930s, it has had the power to lend more broadly in a crisis.