5-19-2015 *Kaperoni

[Vixen]

5-19-2015 *Kaperoni ~Article: "Iraqi Central Bank lends banks $ 5 billion at the request of Parliament" Quote: "Central Bank of Iraq has decided for the first time in its history, opening its vaults, and start lending sector and civil government banks the amount of $ 5 billion." The reality is that the banking sector came to Iraq in hopes of participating in the investment and reconstruction of Iraq. And the GOI, parliament and ISIL have stalled progress to the point that now the banking system is failing. We all knew this...we all saw it. You can only sell dollars at auction for commission for so long...and selling cars out back is not really banking business either. So the CBI is in a predicament...they are going to bail banks out using reserves to save the weak financial system. Certainly not a way to show the world you are ready for investors. Not a good solution any way you look at it.