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Saturday, June 2, 2018

TNT UPDATE, 2 JUNE

TNT:

Buckeyefan:  There is so much craziness right now, maybe a release of wealth just may not be a good time. Many of us need it, but we may be protected and don't even realize it. Just hope the world can get some relief cuz crazy has been unleashed. But good is trying to prevail and it will

Briona: It really looks like we just have to wait until they get the official election results, before serious action takes place. Hopefully with in days, not weeks.

RVAlready:   As D.C. Said - the RV will fix a lot of things.

CharlieOK:  Don't forget that A and the CBI could push Their button right now. That being said, I personally believe the Iraqi button is subject to a higher button or two being pushed. Life seems to be going on in Iraq. No suicide bombers supporting Maliki. I am always suspicious of the head fake. I like now between Monday.
....
JimBake:  Tony 6/1/18... "Looks like Abadi (will be the PM) Do we have to wait for the formation of the government? No, we do not! CBI does not have to wait on anybody, anywhere! We wait. It's as simple as that. They are waiting on their Supreme Court first, then will ratify and roll out the government – they don’t have to wait for ten days."….. Key point imo...we wait. Its as simple as that! :)

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Tishwash:  Deutsche Bank downgraded by S&P over restructuring plans

Published: June 1, 2018 3:13 a.m. ET

Deutsche Bank AG de:db DBK, +1.95% was downgraded Friday by S&P Global Ratings, which cited concerns over the German lender's restructuring plans. The ratings agency cut the long-term issuer credit rating to 'BBB+' from 'A-'on the bank and its core operating subsidiaries.

The troubled bank last week announced plans to cut thousands of jobs in a bid to overhaul its operations and cut costs, but S&P said they see "significant execution risks in the delivery of the updated strategy amid a continued unhelpful market backdrop, and we think that, relative to peers, Deutsche Bank will remain a negative outlier for some time," in a statement. Investors also demanded the resignation of the bank's chairman, Paul Achleitner, at the Annual General Meeting last week. Shares have tumbled 42% so far this year.

The agency kept a stable rating on the bank's outlook, saying that management will execute the plan over time and achieve longer-term objectives.

Meanwhile, Australia's consumer watchdog on Friday announced that it would be bringing criminal cartel charges against Deutsche Bank, Citigroup Inc. and Australia & New Zealand Banking Group Ltd. Shares of Deutsche Bank opened up 1.5%, bouncing off a 7% drop Thursday, which came after the Federal Reserve designated the German lender's U.S. business in "troubled condition," people familiar with the matter told The Wall Street Journal.  link

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BeemerBiker:   Dodd Frank Act; good or bad for the average consumer?

As the saying goes, there's two sides to every subject and the Dodd Frank Act is loved by some and hated by others... the truth lies somewhere in the middle; some of it is good, some of it is bad. With that in mind, here are a few links to articles which will let you decide for yourself if you think it's a good thing or a bad thing that our Prez has pulled the plug on Dodd Frank...

5 Years Later: Dodd-Frank Continues to Cripple Small Business, Kill American Jobs - Posted by Dorothy Jetter on Tuesday, July 21st, 2015   https://www.atr.org/5-years-later-dodd-frank-continues-cripple-small-business-kill-american-jobs

Dodd-Frank costs $112 per person, study finds   http://thehill.com/regulation/288493-dodd-frank-costs-112-per-person-study-finds

Dodd-Frank Is a Big Problem for Small Business   https://www.thenewamerican.com/economy/economics/item/25508-dodd-frank-is-a-big-problem-for-small-business

Reasons why Dodd-Frank was a horrible law   http://www.futuresmag.com/2016/06/07/reasons-why-dodd-frank-was-horrible-law

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