creditor63

Click Here >>> FEDERAL RESERVE POLICY Takes effect May 13 so I doubt we will see the RV before that. Release Date: April 4, 2013 For immediate releaseThe Federal Reserve Board on Thursday announced the finalization of standards for banking organizations regulated by the Federal Reserve that engage in certain types of foreign exchange transactions with retail customers. The rule, issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, establishes requirements for risk disclosures to customers, recordkeeping, business conduct, and documentation for retail foreign exchange transactions. Regulated institutions engaging in such transactions will be required to notify the Federal Reserve and to be well capitalized. They will also be required to collect margin for retail foreign exchange transactions. The types of transactions covered by the rule include foreign exchange transactions that are futures or options on futures, over-the-counter options on foreign currency, and so-called rolling spot transactions. The rule covers entities regulated by the Federal Reserve including state-chartered banks that are members of the Federal Reserve System, bank and savings and loan holding companies, Edge Act and agreement corporations, and uninsured, state-licensed branches and agencies of foreign banks. The Federal Reserve consulted with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation in developing the rule. The agencies have engaged in separate rulemakings as specified by Dodd-Frank. The rule will be effective on May 13, 2013. For media inquiries, call 202-452-2955. Federal Register notice: HTML | PDF

Sounds to me that you should get to the BOTTOM of who is giving the Top their information. Probably someone else at the bottom of their bottle.

One more group waiting for Iraq to implement what seems should have been already done.

Good post. It would be safe to say that once one large bank does something, the others will do close to the same shortly thereafter. Definitely check rates, but I would spread it among several banks right from the beginning. Even if you cash in at only one bank, I would spread it to several others until you find a more productive home for it. Assuming the dollar will increase in value when this happens, you may want to be watching the metals prices and gather some of that.

Over all this was a good post. Bottom line is no one knows. Over the last year that I've been invested and reading posts on several sites, it seems as most intel is nothing but a wish on someones part or a few minutes of them believing they have the answer. I have my view as all do as to the RV amount and even at times what I think the date will be, but what keeps me in the game and searching for all the info I can is I believe it will happen.