Mobius: Who does it make sense to???? Market drops 1100pts for the week, and a Fed Chair steps down, political bombshell released in the news on a Friday afternoon and THE FED is going to tie the hands of one largest financial institutions in the US!!!
TheEyeGuy: And one last tid bit. If you all remember, DAZ, always said that the market would go down right before this would happen. I miss him.
TheEyeGuy: Hey all, riddle me this, how is Wells Fargo going to be the lead bank with the decision of the Fed, saying they cant get any bigger, than they were last year?
Ger: don’t think we are close with this happening to lead bank….https://www.cbsnews.com/news/federal-reserve-imposes-new-penalties-on-wells-fargo/
Levi2: on the post on Wells Fargo… that’s why we are close…. full responsibility…Wells Fargo are coming out and will be able to live up to the standard Just a Thought…you see, those that are bringing them up know… they are apart of the exchange…. just want make sure that the tactics they used to keep a float are now taken care of
Harambe: Bloomberg: Financial Transaction Costs in the Spotlight https://www.bloomberg.com/news/articles/2018-02-03/financial-transaction-costs-in-the-spotlight
Kue911: Kuwait Conference Feb 12 -14
Sunny: WOWY WOW Ya’ll. Tish found an article that Abadi’s financial advisor. He says, “can Iraq go to the conference and understand with donor countries and he was unable to approve his budget? This is a very negative signal, and therefore the budget must be approved before the Kuwait Conference” ».
Tishwash: Al-Abbadi financial advisor: Agreement with the IMF forces the government to “adhere to the exchange”
The Financial Advisor to the Prime Minister said that the vision of the International Monetary Fund is forcing the government to “adhere to the disbursement”, after Iraq was exposed to a financial crisis since 2014, which resulted in internal and external debt, which must be paid on a long-term basis.
“Iraq has an agreement with the International Monetary Fund (IMF), which has been in effect since July 2016, under which Iraq will receive international support from the IMF, the World Bank, or from the IMF member states, .
“The international financial community estimated the financial gap in Iraq between 2016-2019 at about $ 18 billion, funded from external sources, and the International Monetary Fund is responsible for bridging the deficit gap,” he said.
The International Monetary Fund decided to grant Iraq a loan (STAND BY), which grants it in case of actual need, but within several requirements and conditions, most agree with the reform program of the government, according to the source who confirmed that «the Fund conducts reviews (3 to date) Months, and until the last review before the Executive Board of the Fund, must approve the budget for 2018 ».
“The IMF has a vision on the budget, including setting the spending ceiling, by preparing a long-term (financial sustainability) plan for Iraq, including two directions; to address any drop in revenues, whether oil or non-oil, Accumulation of debt ».
Saleh pointed out that «there is an international financial incubator to protect Iraq, as the international coalition (military), which provided assistance to Iraq», stressing the importance of «Iraq does not lose the respect of the international community us, through demands do not lead to a result, , Is the Kuwait conference, how can Iraq go to the conference and understand with donor countries and he was unable to approve his budget? This is a very negative signal, and therefore the budget must be approved before the Kuwait Conference ». link