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Everything posted by rapidrex

  1. What flavor was your Kool Aid? I have three international trade union retirement cards. I am not anti union, but they have NO place in public service and government jobs.
  2. Warka bringing a lawsuit against the Central Bank of Iraq Thursday, March 8th 2012 13:38 BAGHDAD / Baghdadiya News / An official source at the Board of Directors Warka Bank for Investment filed a lawsuit against the Iraqi Central Bank, which recently issued an order placing the bank in question Under full guardianship (administrative and financial) and the election of new board of directors of the central bank to manage it. The source, who preferred not to be named L / Baghdadiya News / that the bank has filed a lawsuit before the competent courts decision not to put legal guardianship issued by the Iraqi Central Bank on Thursday, 1/3/2012, call an extraordinary session held on 1481/29 2/2012. " "The objection was submitted for decision to develop a trusteeship over the legal limit of objection which is five days from the date of issuance of the decision." The central bank had announced last Thursday on the status of the Warka Bank under the trusteeship system, stressing that it will set a new administration soon. The deputy governor of Central Bank of Iraq Qasim appearance in a press statement that "the Bank put under guardianship Warka Bank to oversee the work through insolvency", in reference to cases of bankruptcy or disability. And Qassem pointed out that "the Warka Bank had entered last year in talks with the bank," Standard Chartered, the British "to sell one of his shares, but the talks reached a dead end," noting that "the central bank gave the bank an opportunity to participate, Standard Chartered, but that did not happen, So we had no financial authority but to intervene as a trustee, "according to (RTRS). Qassem added that "the central bank sought new Department for Warka Bank, will be given one month to appoint an auditor to determine how to restructure, and if it needs to sell shares to raise capital." Qassem added that "if the bank has capital, failed in its banking operations and faced an intractable problem, the central bank intervenes in accordance with its law in his capacity as a trustee and appoint a new interim administration." The Executive Director of the Association of Iraqi private banks Abdul Aziz al-Hassoun said, in August 2011, that the Warka Bank needs to be about 100 billion Iraqi dinars (90 million) to boost its liquidity, while confirming the Iraqi market for securities that the Board of Governors in the Iraqi Stock Exchange decided to write off the inclusion of company Warka Bank from the market, in accordance with paragraph IX of Article V of the instruction number three amended for the year 2011, which provides for the write-off company from the listing if the stoppage of circulation for six months without taking appropriate action to appeal, pointing out that the Warka Bank is dependent on trading Since the eighth of February 2010. " The Warka Bank for Investment and Finance, which was established in 1999.130 branches and 350 ATMs in all parts of Iraq. The central bank set a three-stage plan to raise banks' capital to 213 million by June 2013 to stimulate lending at a time when Iraq is recovering from the sanctions and the U.S. invasion in 2003. Includes Iraq, seven banks, state-owned and 23 private banks, eight Islamic banks in particular, according to the site's central bank, while dominated by the banking sector, banks, Rafidain and Rasheed Aovernmaan, and are under way to restructure in order to pay off the debts that have accumulated after years of war and sanctions. To the description of the Iraqi Finance Minister Rafie al-Issawi Iraqi Central Bank's decision to impose the latter and the financial and administrative tutelage on one of the Iraqi private banks to "illegal". He al-Issawi told / Baghdadiya News / "The decision to custody of the Warka Bank Ahli is illegal and is a grave mistake signed by the Central Bank. Close to the al-Issawi said of his part that the latter "will be held this afternoon at the Amman conference to shed light on the results of this decision." Ended / 27
  3. It is well known that al-Warka Bank is bankrupt and has been in receivership going on 3 years. The al-Warka Bank CEO Saad al-Bunia has an arrest warrant for his arrest and he has left Iraq back in 2004. If you try to email him his email address returns. I know people that can not get their money back from al-Warka bank. I have spoken to the bank employees and they work for free as the bank does not pay them their salaries. Anyone can wire money to an Iraq bank that participates in the SWIFT banking however its how do you get your money back. The CBI will do its best to keep the bank floating because it can not afford to have an Iraqi bank close as it would look really bad for the Iraq government. Especially when they are trying to get foreign companies to invest in the country. I am sorry I don't have any more information. One more thing the Al-Warka bank was involved in the theft of several hundred million dollars of the funds for the MoD back in 2007. I got the above from someone who is very close to the situation of Warka. I have a bit of money sitting there myself and I can see that the best I can do is hope that they get Warka up and running. The government, another owner or something might save things for us. I am not going to try and get my money out. I am going to ride this out and hope for the best. After spending over two months and several emails to update my online account, it is obvious something is awry.
  4. Obama's Face on US Currency???? What could this mean??? Some damn ugly money worth nothing?
  5. The best thing Ron Paul could do and he would prove his patriotism in the process, is to step down and support Rick Santorum. He can't win it so he best leave with class and support a true Constitutional Presidential candidate. We will lose in the long run if we go with Mitt, And America will turn to sxxx. (Newt needs to do the same thing. Step down and support Santorum. Santorum has the best chance of beating Obama of all of them, and he isn't more of the S.O.S.
  6. I wish she had kicked him in the pills...gave the whining liberals something to honestly snivel about!
  7. Big deal. For a while there I was thinking he was wearing it. Fat chance.
  8. Athiest Holy Day? Isn't this an oxymoron or some kind?
  9. HOLDUP...what a useless term when it applies to this investment! It implies that an RV should have happened TODAY. It implies that we are on the very edge and any moment we are going to be rich. Whenever I hear the word "holdup" I immediately know I am usually hearing the words of a "guru" or someone who has been lapping up guru stew. If one speaks of a "holdup" you know that he believes that any moment this will happen. It could I guess, anything is possible. Just not very likely. There is no holdup as far as the big picture goes! The whole thing is moving along just as it should. I honestly believe that for those who keep a mature and aloof attitude about this, will prevail and do pretty well by 2015 or sooner. The reason I believe as I do, is that when I got into this in 2005 I told myself that this would be a ten year investment or better. So, I am not disappointed or upset in the least. Everything is fine. Relax and check this out every month or so. It just makes more sense.
  11. HA...It all depends how much you have...I will take some of that ten cent toilet paper and be happy about it!
  12. Thanks for the service under fire. May God be with you and protect and heal you! Google: 35% food grade h2o2 and check out
  13. time. Should it go up a bit I may. (If it doesn't do what some people expect and go a buck for a dinar all of a sudden, which is doubtful) I have dinar in Warka and in hand. I only bought more dinar notes so I wouldn't have all my eggs in one basket. But...only YOU can make that decision.
  15. I haven't been there in months. I tried to log in and found a message stating: PASSWORD HAS EXPIRED, PLEASE CONTACT YOUR SYSTEM ADMINISTRATOR!!! Eventually I will get it straightened out and check my interest, too! Don't panic. No big deal. Just email the address and let them know that you found the message. The will eventually get back to you and get it opened up for you. I found the same thing today. Has happened to me before.
  16. Fifteen. Three family members and twelve friends and associates.
  17. I believe no matter how many are in your room, you will die alone and you need no help. There is not much anyone can do to help you unless they stand on your air line or smother you with a pillow.
  18. My thoughts and prayers are with you and your dad. May God bless you both. I hope and pray for a full recovery.
  19. WTF he can't do jack squat in the U.S....why would they think he could help them?
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