DoD

I wonder if this is part of the same park they were talking about building 5 years ago. They even planned on the Baghdad Eye created to look like the one in London. There are a few of them over there with a little bit of foresight that wants a better Iraq. Things just seems to never get done, it's a shame. They could be bigger than Dubai....

I'll tell you the document I want to see, the one where unemployment is 7%. You know all the hope and change BS you were fed a few years ago, how is that working out for ya anyway. He went to the well to many times blaming Bush, that doesn't work anymore. Now trying to get the poor and uneducated to believe Romney is bad because he's rich. Common sense would tell you that you would rather have a man in charge with a proven track record of running a company than a man who has no experience in anything.

That's exactly what they will do easy...

That's why I diversify, I'm in the ISX, I hold cash and also a Warka account. I have made more money in this investment than I have in the DOW. The saying about never invest more than you are willing to loose goes double for this investment no matter where you invest (spend) it. That said, I also like the saying about the risk to reward factor.

Boring day, huh???

doctor robbins, I sold a couple of stocks in the ISX and moved money from my Warka account to my Chase account. That was December 4, 2011. I don't know if that little bit of info helps or not, haven't tried to do anything else with the account. They did credit the interest on it the other day....

Med has taken himself wayyyyyyy to serious for to long, of course with people feeding his ego like they do it's not surprising...

Slow news day it appears...umbertino you must be bored

Come on DetroittoAZ, we know your really Joe Biden using this phoney user name. Joe you remind me of a lot of my drinking buddies I use to hang out in the bars with, a good drinking an BS pal but a lousey VP. Your boss, which by the way really surprised me when he actually said he would seek another 4 year term as president is even a bigger fool than you. The 10 reasons you stated makes me laugh, what's really sad is all the reasons in just 3 1/2 years under his watch that makes the US the laughing stock of the world. I was just so proud the other day when Leon Panetta was on TV celebrating our military's new *** month I could have puked.

Didn't get to be the number one corrupt goverment in the world by just playing around with some silly thing called Democrazy. Blackmail, fraud, stealing etc. so much easier...

If George Clooney can raise 15 million in one night, the rest of the Hollywood liberals should have the deficit caught up in a couple of months. What's the issue???? Think Californians, think..think. You voted for another round of Jerry Brown, you deserve what you voted for. If the majority of Americans vote Barrack in for another 4 years, I can kick back knowing I'm stuck in Afghanistan for another 4 years, sucks to be me.

A Reverse Split, just like we've been saying for years.

That's me standing in front of the Warka Bank in the Green Zone holding up a deposit slip. I was a contractor there and now in Afghanistan working for the, you got it... DoD

I hope I don't get banned again for making a comment not popular to the gurus on this site BUT...I will attach a SELL I made from Warka on the ISX WITH the date on it. It's just hard to sit here an read all this Warka Bank fear mongering and a few lies thrown in to boot. I can't help but laugh at the newbies for their concerns over me loosing all my money in my Warka accounts...This is the free shares I sold last week, so NO, I didn't loose all my money, I made money. xxxxxxxxx Sell Stocks acc.xxxxxxx 16/2/2012 No. Shares price /share No. * Price Commission (No.*Price)-commission Dar Es Salam Bank 9999 3.38 33797 338 33459 Middle East Bank 39286 1.89 74251 743 73508 Total Price + Comission: 106967

FLYGAL, I can tell you that Lexington Law did a great job for me and it was well worth the money. I also agree with some of the posters that you can do this yourself. The only problem with this method is, you have to do it yourself. I work overseas and do not have time, patience or the resources to send letters every week to the big 3 credit agencis. They cleaned off stuff off my report that had my score bogged down from 15 years ago. It took nearly a year but they got my score back over 750. There are a lot of companies out there that does this (don't want anyone to think I work for or am promoting this company) but can only tell you my experince. I tried doing it myself a long time ago but for one reason or the next got side tracked and never followed through till the end.

That made my night, I'm turning off the computer. This is some big news.....

Did they ever decide on the actual day this conference was supposed to start?

There's your next suicide bomber, he's been dismissed from the Playboy membership. Can't blame him though....

Cutting into VIP & Book sales with all this free info....

The explanation is simple, it's cheaper to blow it up than to ship it. I work for a contractor in Kandahar that took over from KBR and we have recieved over 200 containers of equipment that was shipped from Iraq to here from KBR. 80% of what's in these containers are DRMO (junk). Now, add the cost to ship it from Iraq to Afghanistan, then add all the resources for handling this stuff and NOW the expense of shipping it back out of here. The problem with giving all this stuff away is you don't know where it will end up.

Fingers, I found my copy of the form TD F 90-22.1 and will try to attach it on here but if I can't I want you to read page 6 and page 7 under General Instructions. Heck I will just copy and paste on here. Form TD F 90-22.1 (Rev. 3-2011) Page 6 General Instructions Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (the “FBAR”), is used to report a financial interest in or signature authority over a foreign financial account. The FBAR must be received by the Department of the Treasury on or before June 30th of the year immediately following the calendar year being reported. The June 30th filing date may not be extended. Who Must File an FBAR. A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. See General Definitions, to determine who is a United States person. General Definitions Financial Account. A financial account includes, but is not limited to, a securities, brokerage, savings, demand, checking, deposit, time deposit, or other account maintained with a financial institution (or other person performing the services of a financial institution). A financial account also includes a commodity futures or options account, an insurance policy with a cash value (such as a whole life insurance policy), an annuity policy with a cash value, and shares in a mutual fund or similar pooled fund (i.e., a fund that is available to the general public with a regular net asset value determination and regular redemptions). Foreign Financial Account. A foreign financial account is a financial account located outside of the United States. For example, an account maintained with a branch of a United States bank that is physically located outside of the United States is a foreign financial account. An account maintained with a branch of a foreign bank that is physically located in the United States is not a foreign financial account. Financial Interest. A United States person has a financial interest in a foreign financial account for which: (1) the United States person is the owner of record or holder of legal title, regardless of whether the account is maintained for the benefit of the United States person or for the benefit of another person; or (2) the owner of record or holder of legal title is one of the following: (a) An agent, nominee, attorney, or a person acting in some other capacity on behalf of the United States person with respect to the account; ( A corporation in which the United States person owns directly or indirectly: (i) more than 50 percent of the total value of shares of stock or (ii) more than 50 percent of the voting power of all shares of stock; © A partnership in which the United States person owns directly or indirectly: (i) an interest in more than 50 percent of the partnership's profits (e.g., distributive share of partnership income taking into account any special allocation agreement) or (ii) an interest in more than 50 percent of the partnership capital; (d) A trust of which the United States person: (i) is the trust grantor and (ii) has an ownership interest in the trust for United States federal tax purposes. See 26 U.S.C. sections 671-679 to determine if a grantor has an ownership interest in a trust; (e) A trust in which the United States person has a greater than 50 percent present beneficial interest in the assets or income of the trust for the calendar year; or (f) Any other entity in which the United States person owns directly or indirectly more than 50 percent of the voting power, total value of equity interest or assets, or interest in profits. Person. A person means an individual and legal entities including, but not limited to, a limited liability company, corporation, partnership, trust, and estate. Signature Authority. Signature authority is the authority of an individual (alone or in conjunction with another individual) to control the disposition of assets held in a foreign financial account by direct communication (whether in writing or otherwise) to the bank or other financial institution that maintains the financial account. See Exceptions, Signature Authority. United States. For FBAR purposes, the United States includes the States, the District of Columbia, all United States territories and possessions (e.g., American Samoa, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, Guam, and the United States Virgin Islands), and the Indian lands as defined in the Indian Gaming Regulatory Act. References to the laws of the United States include the laws of the United States federal government and the laws of all places listed in this definition. United States Person. United States person means United States citizens; United States residents; entities, including but not limited to, corporations, partnerships, or limited liability companies created or organized in the United States or under the laws of the United States; and trusts or estates formed under the laws of the United States. Note. The federal tax treatment of an entity does not determine whether the entity has an FBAR filing requirement. For example, an entity that is disregarded for purposes of Title 26 of the United States Code must file an FBAR, if otherwise required to do so. Similarly, a trust for which the trust income, deductions, or credits are taken into account by another person for purposes of Title 26 of the United States Code must file an FBAR, if otherwise required to do so. United States Resident. A United States resident is an alien residing in the United States. To determine if the filer is a resident of the United States apply the residency tests in 26 U.S.C. section 7701(. When applying the residency tests, use the definition of United States in these instructions. Exceptions Certain Accounts Jointly Owned by Spouses. The spouse of an individual who files an FBAR is not required to file a separate FBAR if the following conditions are met: (1) all the financial accounts that the non-filing spouse is required to report are jointly owned with the filing spouse; (2) the filing spouse reports the jointly owned accounts on a timely filed FBAR; and (3) both spouses sign the FBAR in Item 44. See Explanations for Specific Items, Part III, Items 25-33. Otherwise, both spouses are required to file separate FBARs, and each spouse must report the entire value of the jointly owned accounts. Consolidated FBAR. If a United States person that is an entity is named in a consolidated FBAR filed by a greater than 50 percent owner, such entity is not required to file a separate FBAR. See Explanations for Specific Items, Part V. Correspondent/Nostro Account. Correspondent or nostro accounts (which are maintained by banks and used solely for bank-to-bank settlements) are not required to be reported. Governmental Entity. A foreign financial account of any governmental entity of the United States (as defined above) is not required to be reported by any person. For purposes of this form, governmental entity includes a college or university that is an agency of, an instrumentality of, owned by, or operated by a governmental entity. For purposes of this form, governmental entity also includes an employee retirement or welfare benefit plan of a governmental entity. International Financial Institution. A foreign financial account of any international financial institution (if the United States government is a member) is not required to be reported by any person. IRA Owners and Beneficiaries. An owner or beneficiary of an IRA is not required to report a foreign financial account held in the IRA. Participants in and Beneficiaries of Tax-Qualified Retirement Plans. A participant in or beneficiary of a retirement plan described in Internal Revenue Code section 401(a), 403(a), or 403( is not required to report a foreign financial account held by or on behalf of the retirement plan. Signature Authority. Individuals who have signature authority over, but no financial interest in, a foreign financial account are not required to report the account in the following situations: (1) An officer or employee of a bank that is examined by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, or the National Credit Union Administration is not required to report signature authority over a foreign financial account owned or maintained by the bank. (2) An officer or employee of a financial institution that is registered with and examined by the Securities and Exchange Commission or Commodity Futures Trading Commission is not required to report signature authority over a foreign financial account owned or maintained by the financial institution. Form TD F 90-22.1 (Rev. 3-2011) Page 7 (3) An officer or employee of an Authorized Service Provider is not required to report signature authority over a foreign financial account that is owned or maintained by an investment company that is registered with the Securities and Exchange Commission. Authorized Service Provider means an entity that is registered with and examined by the Securities and Exchange Commission and provides services to an investment company registered under the Investment Company Act of 1940. (4) An officer or employee of an entity that has a class of equity securities listed (or American depository receipts listed) on any United States national securities exchange is not required to report signature authority over a foreign financial account of such entity. (5) An officer or employee of a United States subsidiary is not required to report signature authority over a foreign financial account of the subsidiary if its United States parent has a class of equity securities listed on any United States national securities exchange and the subsidiary is included in a consolidated FBAR report of the United States parent. (6) An officer or employee of an entity that has a class of equity securities registered (or American depository receipts in respect of equity securities registered) under section 12(g) of the Securities Exchange Act is not required to report signature authority over a foreign financial account of such entity. Trust Beneficiaries. A trust beneficiary with a financial interest described in section (2)(e) of the financial interest definition is not required to report the trust's foreign financial accounts on an FBAR if the trust, trustee of the trust, or agent of the trust: (1) is a United States person and (2) files an FBAR disclosing the trust's foreign financial accounts. United States Military Banking Facility. A financial account maintained with a financial institution located on a United States military installation is not required to be reported, even if that military installation is outside of the United States. Filing Information When and Where to File. The FBAR is an annual report and must be received by the Department of the Treasury on or before June 30th of the year following the calendar year being reported. Do Not file with federal income tax return. File by mailing to: Department of the Treasury Post Office Box 32621 Detroit, MI 48232-062 If an express delivery service is used, file by mailing to: IRS Enterprise Computing Center ATTN: CTR Operations Mailroom, 4th Floor 985 Michigan Avenue Detroit, MI 48226 The FBAR may be hand delivered to any local office of the Internal Revenue Service for forwarding to the Department of the Treasury, Detroit, MI. The FBAR may also be delivered to the Internal Revenue Service's tax attaches located in United States embassies and consulates for forwarding to the Department of the Treasury, Detroit, MI. The FBAR is not considered filed until it is received by the Department of the Treasury in Detroit, MI. No Extension of Time to File. There is no extension of time available for filing an FBAR. Extensions of time to file federal tax returns do NOT extend the time for filing an FBAR. If a delinquent FBAR is filed, attach a statement explaining the reason for the late filing. Amending a Previously Filed FBAR. To amend a filed FBAR, check the “Amended” box in the upper right hand corner of the first page of the FBAR, make the needed additions or corrections, attach a statement explaining the additions or corrections, and staple a copy of the original FBAR to the amendment. An amendment should not be made until at least 90 calendar days after the original FBAR is filed. Follow the instructions in “When and Where to File” to file an amendment. Record Keeping Requirements. Persons required to file an FBAR must retain records that contain the name in which each account is maintained, the number or other designation of the account, the name and address of the foreign financial institution that maintains the account, the type of account, and the maximum account value of each account during the reporting period. The records must be retained for a period of 5 years from June 30th of the year following the calendar year reported and must be available for inspection as provided by law. Retaining a copy of the filed FBAR can help to satisfy the record keeping requirements. An officer or employee who files an FBAR to report signature authority over an employer's foreign financial account is not required to personally retain records regarding these accounts. Questions. For questions regarding the FBAR, contact the Detroit Computing Center Hotline at 1-800-800-2877, option 2. Explanations for Specific Items Part I — Filer Information Item 1. The FBAR is an annual report. Enter the calendar year being reported. If amending a previously filed FBAR, check the “Amended” box. Item 2. Check the box that describes the filer. Check only one box. Individuals reporting only signature authority, check box “a”. If filing a consolidated FBAR, check box “d”. To determine if a consolidated FBAR can be filed, see Part V. If the type of filer is not listed in boxes “a” through “c”, check box “e”, and enter the type of filer. Persons that should check box “e” include, but are not limited to, trusts, estates, limited liability companies, and tax-exempt entities (even if the entity is organized as a corporation). A disregarded entity must check box “e”, and enter the type of entity followed by “(D.E.)”. For example, a limited liability company that is disregarded for United States federal tax purposes would enter “limited liability company (D.E.)”. Item 3. Provide the filer's United States taxpayer identification number. Generally, this is the filer's United States social security number (SSN), United States individual taxpayer identification number (ITIN), or employer identification number (EIN). Throughout the FBAR, numbers should be entered with no spaces, dashes, or other punctuation. If the filer does NOT have a United States taxpayer identification number, complete Item 4. Item 4. Complete Item 4 only if the filer does NOT have a United States taxpayer identification number. Item 4 requires the filer to provide information from an official foreign government document to verify the filer's nationality or residence. Enter the document number followed by the country of issuance, check the appropriate type of document, and if “other” is checked, provide the type of document. Item 5. If the filer is an individual, enter the filer's date of birth, using the month, day, and year convention. Items 9, 10, 11, 12, and 13. Enter the filer's address. An individual residing in the United States must enter the street address of the individual's United States residence, not a post office box. An individual residing outside the United States must enter the individual's United States mailing address. If the individual does not have a United States mailing address, the individual must enter a foreign residence address. An entity must enter its United States mailing address. If the entity does not have a United States mailing address, the entity must enter its foreign mailing address. Item 14. If the filer has a financial interest in 25 or more foreign financial accounts, check “Yes” and enter the number of accounts. Do not complete Part II or Part III of the FBAR. If filing a consolidated FBAR, only complete Part V, Items 34-42, for each United States entity included in the consolidated FBAR. Note. If the filer has signature authority over 25 or more foreign financial accounts, only complete Part IV, Items 34-43, for each person for which the filer has signature authority, and check “No” in Part I, Item 14. Filers must comply with applicable recording keeping requirements. See Record Keeping Requirements. Part II — Information on Financial Account(s) Owned Separately Enter information in the applicable parts of the form only. Number the pages used, and mail only those pages. If there is not enough space to provide all account information, copy and complete additional pages of the required Part as necessary. Do not use any attachments unless otherwise specified in the instructions. Form

Fingers, What 82 has posted is correct. The MAJOR thing that I didn't see in the post was, the account needed to be at least 10.000 USD. If your Warka account (including the ISX) is worth more than 10k you will have to report it. I didn't read the entire FATCA but the form you send in goes to the Treasury dept not the IRS. Hope that helps a little.

drummerboy, we love to cruise. Count us in with 3 suites. I never thought about it till now but how many suites does one of these big ship have? I can't see all these millionares staying anywhere else.

Well firefighter, the 5 years I was there I never opened up a Bank of Baghdad account but I do have a Warka account. I wish I got the same service from my BoA or Chase Bank accounts in the states that I get from my Warka Bank. I'm heavy into the ISX an can tell you a little about who owns an operates them. I copied this from another site that does the ISX an will just paste it here to save some typing. I would suggest that you follow the same reasoning as you would in any investment, not to put in any more than you can loose. If you trust the folks down in Kuwait you will be alright. Below is from a fellow investor in the ISX. **5. Bank of Baghdad = United Gulf Bank of Bahrain (UGB) sold to (new owner Burgan Bank (KIPCO)) (49% up to 50.6%-51% in 2010), Iraq Holding Company (Kuwait)(24%). (KIPCO, GUY CALLING SHOTS IS FIRST SON OF CURRENT KUWAIT RULER)

If Phoneix got all that from a 25,000 Dinar note, can you just imagine what he could get from the US 1.00 dollar bill...folks with wayyyyyyy to much time on their hands.