[artmeister2] Poppy 3 made a post this morning and he agrees with Randy K in that the GOI wants the Rv done NOW!@!! However the IMF and CBI want to make sure Maliki does not have a chance to get re-elected and if he Rv's now, he will look good and just maybe pull something they don't want. At least that is the reasoning for maybe Now to the 15th or even end of April. So, just reporting.
[wycoffjul] Could this be what we are waiting for? BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - A member of the National Bloc Cdhir Qais, said deputies bloc led by Iyad Allawi, to attend a meeting on Sunday to complete the quorum and proceed with the second reading of the draft budget.
[mort] anyone know much about cdars
[mort] .How CDARS work: http://www.cdars.com/howcdarsworks/default.aspx
[Sallypuff] mort - Cdar accounts are where the depositing bank, transfers funds, in excess of the FDIC Ins limits to other banks offering Cdar service. This enables your deposit to be insured for the total amount on deposit. I don't recall if Cdar accounts are non interest bearing accounts. Many small banks do not offer Cdar service. Maybe DAZ or someone else can answer whether Cdar accounts are NIB.
[Sallypuff] mort - you need to check prior to making a deposit with the bank to find out if it offers Cdar service.
[Sallypuff] mort - Request CDARS coverage if available. Certificate of Deposit Account Registry Service, operated by the Promontory Inter-financial Network, FDIC insured up to 50 million dollars. Paid for by the bank, so they won't tell you about it.
[Sallypuff] mort - if you will have more than $50 million then to have Cdar protection for all your funds you would need to make deposits in more than one bank offering Cdar service.
[imperium] Sallypuff CDARS are interest bearing.
[Sallypuff] imperium - Thanks for the clarification.
Bunnsarelli] imperium so would you do NIB or CDARS?
[imperium] Bunnsarelli Depending on your needs either one serves its purpose.
[imperium] Bunnsarelli CDARS is a product that allows deposits above $250k to be spread into many $250k max accounts and thereby still be within the FDIC ceiling... which is rediculous anyway because if a bank goes belly up the FDIC will cover your loss, but they have up to 99 years to do so. Guess you'll never get paid. oy vey
[Bunnsarelli] imperium I agree with you on that and I'm fairly certain Lloyds of London will insure anything for a price so that needs discovery and applicability
[imperium] Bunnsarelli yes
[Bunnsarelli] imperium sallypuff mentioned having over 50 mill that CDARS would be a good fit. That alone is 200 bank accounts....
[imperium] Bunnsarelli it's a good fit if it fits your needs and intentions. There's no 'pat hand' here... it depends on your personal needs & preferences. I'd never put that kind of money into CDARS accts.
[Bunnsarelli] yes that was pretty much my point….. agreed
[imperium] Until something changes, the interest would never cover the losss in purchasing power due to inflation. Interest is a scam.