Over70irregs
Well-Known Member
That was just bad mortgages to u qualified people.
Nervous on banks?
- Thread starter Over70irregs
- Start date
Babagounj
Strength through joy
Maybe they are standing in line to get all the remittances from their relatives in the USA.
I was there. People are buying dollars to hang on to their wealth. But you can't get dollars at Western Union. If you send yourself say $1000 USD from your account in the States you'll get over $1900 worth of Pesos from Western Union. But you'll get Pesos, not Dollars. To get Dollars you'll have to go to a "cueva", an "illegal" exchange house or casa de cambio. You'll have to pay the "blue" rate to buy dollars. And when you're there you'll find Western Union shops handle a lot of different kinds of transactions, not just WU. So usually there's a line. There's no air of desperation. The Argentines are very use to having financial meltdowns. They've defaulted on their national debt at least 9 times. This is just another way we get manipulated by our media in the U.S.
Hey, where's this "Silicone" Valley? Now that's where I want to go!
Over70irregs
Well-Known Member
Wiring to ones self is a $ hack out there. Might be an exchange rate thing?
Correction the discount was 16B . Treasury and FDIC would have never allowed the purchase price to be 16B. And BTW You have to be very careful handling a silicone rack. I was at a brothel once. Lea looked spectacular in hers but she asked that I use proper care with them.
Over70irregs
Well-Known Member
- The "blue dollar" exchange rate set by the black market will extend U.S. tourists' money twice as far as the officially quoted rate. You can legally access that rate by wiring yourself money.
Western Union's rate is almost always a little less than the blue rate. But still what you get makes Argentina extremely affordable for Americans. Europeans too.
Over70irregs
Well-Known Member
(MUST BE NICE)
The Fed thus set up the Bank Term Funding Program (BTFP) to provide liquidity to U.S. depository institutions. Under the program, each Federal Reserve Bank would make cash advances to eligible borrowers, taking as collateral certain types of securities (those that can be purchased by Federal Reserve Banks in open market operations). Eligible borrowers include any U.S. federally insured bank, savings association, credit union, or U.S. branch or agency of a foreign bank.
The Fed thus set up the Bank Term Funding Program (BTFP) to provide liquidity to U.S. depository institutions. Under the program, each Federal Reserve Bank would make cash advances to eligible borrowers, taking as collateral certain types of securities (those that can be purchased by Federal Reserve Banks in open market operations). Eligible borrowers include any U.S. federally insured bank, savings association, credit union, or U.S. branch or agency of a foreign bank.
Good piece of information. So in the end it will likely mean another round of bank merger/consolidation/buyout etc, with a lot of people losing their jobs and an industry even more dependent on the Federal Reserve to help it survive.
Thebrownblob
Well-Known Member
The current banking system…..
Prosecutors Raid France’s Biggest Banks in Tax Fraud Sweep
The raids were part of a widening investigation spanning four continents and involving dozens of banks in an alleged scheme to avoid paying taxes.
bottomups
Bad Moon Risen'
Mine is in pork and beans. I'll make it longer than you.
Babagounj
Strength through joy
I also know how to fish.
Over70irregs
Well-Known Member
I have only fans……Got you all ….
List of Failed Banks in the United States 2023
Discover the list of failed banks in the United States. Learn about the reasons behind bank failures and their impacts on customers and the economy.
www.noradarealestate.com
But who could handle living with you?
Thebrownblob
Well-Known Member
If all I ever ate was pork and beans, my wife would divorce me
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