Highlights of Tony's conference call. Updated as the call progresses.
Tony: Gooooooooooooood Morning TNT! I am without a doubt SUPER FANTASTIC. Feeling excited and happy to be here. Debated whether to do this call. It is Veterans Day. Decided to do it because not sure about doing Friday call. . . . Have to do it either early or late. I will be traveling and hope no need for it at all.
Most banks screens blank at the moment. Okay, part of the plan. Most people here in the banking system and government are confused and frustrated this morning. Plan was for this to be over today. Over and over. No one can give a definitive reason for why we are, where we are.
Nothing has been stopped, argued or changed. Just confusion why it didn't happen. Later this afternoon maybe totally different story. Still on our way. . . . Everything is done. Tony heard on Monday the money was moved and expected it to happen. Then heard it was delayed as not everybody was ready. He heard the three letter agencies cleared this again last night and the IMF meeting with Iraq went great.
DC: Tony: Will be here when he can come back here. . . will be here when he feels he can. He's doing what he needs to do. He's very private.
CURRENT WINDOW: Tony: Could happen at any moment. Rest of this week and Monday, this should be completed. People in Iraq feel this will be done on Sunday. People here feel no way this can last till Monday.
IRAQ: Yes, 50K notes went out today, but lower denom's waiting to be distributed. Were not expected to be out until 2016. Tony: Very positive (they are out now). Good thing. You guys should be really happy today.
- TV Mosques
- Rates: ZIM still in the basket.
UNITED STATES: Veterans Day holiday and most banks are shut down.