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DINARESGURUS.BLOGSPOT.COM_________________

Thursday, May 24, 2018

TNT UPDATE, 24 MAY

TNT:

Isabelle:  The good news for us is that supposedly the CBI, not the government, is in control of the RV timing. The BIG question is, who controls CBI????

Fullsail:  Isabelle... they need that turning point, international + corporate investments interests may very well apply pressure for rv as a springboard for prosperity, following through on commitments made, and as a catalyst for the world to continue Iraq's acceptance & growth, and of course, the confidence of its people. God Speed!   Positive Waves We Ride

JCP:  I have a quick bank story from this morn from a friend that works at td bank...she knows nothing about the dinar but heard this in a meeting this morning…Heard from one of the investment guys that work with me at TD that the dinar will hit by June 10th

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Tishawash: The Iraqi parliament fails again to hold its emergency

 one hour ago

The failure of the outgoing Iraqi parliament to hold an emergency session Thursday afternoon, to discuss accusations of rigging the parliamentary elections held on May 12, in an effort to vote to cancel the results.

The session is a continuation of last Saturday's session, which the parliament failed to hold due to the presence of 105 members only, while the meeting requires the presence of a simple majority (half plus one), or 165 deputies out of 328.

The Speaker of the Parliament Salim Jubouri to turn the meeting into a consultation. And issued a statement later, calling on the Independent High Electoral Commission to verify electoral complaints.

The attempts to hold the meeting after 85 deputies submitted a week ago a request to hold the meeting to discuss what they said was fraud accompanied the vote, in preparation for a vote to cancel the election results.

The alliance, backed by the leader of the Sadrist movement Muqtada al-Sadr, was ranked first with 54 out of 329 seats, followed by the Al-Fateh alliance, which is composed of political factions of the popular mobilization led by Hadi al-Amiri with 47 seats.

And then the coalition of "victory", led by Prime Minister Haider Abadi, with 42 seats, while the coalition, "national", led by Allawi, 21 seats.

The announcement came amid widespread debate in the country over alleged "fraud" operations.   link

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Samson:  United States: We will work with Iraqis

2018/5/24 16:29

US State Department spokeswoman Heather Neuert said on Thursday that her country would work with those chosen and elected by the Iraqi people.

"Washington will work with anyone who decides the Iraqi government and the Iraqi people to be elected to join the government," Nuert said during the daily press conference. "Long and good relations are connecting the United States and Iraq and we will continue to have a good relationship with the Iraqi government."

"We will work with the government and whichever party the people elect and decide to choose," she said.   LINK
Emailed to Recaps:

Trump signs the biggest rollback of bank rules since​ the financial crisis

President Donald Trump signs a bill rolling back certain bank regulations into law.

The law, which Congress passed with bipartisan support, eases rules on all but the largest institutions.

Proponents argue the measures will help community lenders, while opponents contend it went too far to help mid-sized and regional firms.

Jacob Pramuk | @jacobpramuk

President Donald Trump signed the biggest rollback of bank regulations since the global financial crisis into law Thursday
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The measure designed to ease rules on all but the largest banks passed both chambers of Congress with bipartisan support. Backers say the legislation will lift burdens unnecessarily put on small and medium-sized lenders by the Dodd-Frank financial reform act and boost economic growth.

Opponents, however, have argued the changes could open taxpayers to more liability if the financial system collapses or increase the chances of discrimination in mortgage lending.

"Dodd-Frank was something they said could not be touched. And honestly, a lot of great Democrats knew that it had to be done and they joined us in the effort," Trump said before he signed the bill, surrounded by lawmakers from both major parties. "And there is something so nice about bipartisan, and we're going to have to try more of it. Let's do more of it."

The measure eases restrictions on all but the largest banks. It raises the threshold to $250 billion from $50 billion under which banks are deemed too important to the financial system to fail. Those institutions also would not have to undergo stress tests or submit so-called living wills, both safety valves designed to plan for financial disaster

It eases mortgage loan data reporting requirements for the overwhelming majority of banks. It would add some safeguards for student loan borrowers and also require credit reporting companies to provide free credit monitoring services.

Republicans have made slashing regulations one of their top priorities since Trump took office in January 2017. But Democrats, who largely support the Dodd-Frank reforms, helped to get the bank regulation bill through Congress. Seventeen Democratic senators voted for the bill, while 33 House Democrats supported it.

"When the president signs this, we put community banks back in the mortgage lending business, which is really exciting for me," Sen. Heidi Heitkamp, D-N.D., told CNBC on Wednesday.

The senator said her colleagues who opposed it did so not because of community banking policies but because of the restrictions lifted on mid-sized and regional institutions.

Some Republicans, such as House Financial Services Committee Chairman Jeb Hensarling, argue the legislation did not go far enough to roll back regulations on banks. Certain lawmakers have pushed for a repeal of most or all of Dodd-Frank.

https://www.cnbc.com/2018/05/24/trump-signs-bank-bill-rolling-back-som​e-dodd-frank-regulations.html

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