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* Historian (more links to “safe” bank rating sites): The G.E.T. Team 2/1/12

February 2, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/yThIbXWmuHY/

Hello Everyone –

Further to my posts on Saturday, January 28th, here is some additional info on bank rating agencies.

First, the various rating agencies all have their own ratings scale, so an A rating in one could be a C rating in another. To understand how the rating scales line up, you need to compare the companies. There is some info on this in the Weiss ratings site. The info is old or not strictly about banking (may be about insurers, for example), but it does give some indication of how the different companies line up.

Here is the ratings info page from the Weiss ratings site. If you scroll down, you will see a chart comparing Weiss to Standard & Poors, Fitch and Moody’s. This is an old chart from a government source, but the ratings systems likely have not changed much since then. Weiss positions itself as scoring the banks from the consumer’s perspective, rather than the banks. It is very hard to get an A score with them (an A score from others may be a C score from them).

Weiss have a database of banks that have earned B+ or higher, and this is a very good place to start looking for “safe” banks in which to hold your money post RV.  They consider banks to be strong when they have a B+ or higher. Based on their own chart, 6.7% of banks they score earn an A rating, and 32% earn an A or B.

Here is the link to the page with the charts and info summarized above: http://www.weissratings.com/help/ratings-info.aspx#4

To really use the Weiss site, you need to register (for FREE) and login first. Then find their database for “strong” banks and thrifts. This is the link: http://www.weissratings.com/sw/?m=s&t=bank

If you still can’t find the database (it is buried), follow these tabs after login: Ratings & Research > Banking Industry Research > Best & Worst for Bank Safety > Strongest & Weakest Banks > Strongest Banks & Thrifts. You should now be at the database. Use the search field to pull up info on the banks you want. There are 861 banks listed across the USA. You should be able to find a few that are close to you.

Here are links to other financial and bank rating agencies. Some of these may have free or inexpensive info you can access as well. They may have more up to date info on how the ratings scales match up, and they may have info on international banks. I’ll leave it to you to search for that info.

Veribanc  -  http://veribanc.com/ Bauer Financial  -  http://bauerfinancial.com/home.html IDC Financial  -  http://www.idcfp.com/ Bankrate.com  -  http://www.bankrate.com/ Lace Financial  -  http://srs.krollbondratings.com/Out/Default.aspx  (Lace was bought up by Kroll)

Have a good day! GO RV!  :)

Historian

P.S. If you missed them, here are the other 2 posts I made on Saturday that were about “safe” banks and the reliability of ratings.
http://www.thegetteam.com/forum/index.php/topic,28628.msg49986.html#msg49986
http://www.thegetteam.com/forum/index.php/topic,28629.msg49987.html#msg49987

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Filed Under Dinar Daddy Tidbits Tagged With 2/1/12, Bank, G.E.T, Historian, Links, More, RATING, Safe, sites, Team

* The Machine (Something up with my bank & dinar): DV 1/31/12

January 31, 2012 9 Comments

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/Z8G4QH4hcFE/

Right so I had some spare cash there 2 weeks ago and said ” ah what the hell , havent bought any dinar in ages why not get some more” so went online with my bank and placed an order straight from my account, and choose the option to pick it up at my local bank the following day as i’ve done countless times before, bank guarentees all foregin curencies ordered before 3pm can be delivered to your local bank the following day before 1pm ….. so that was fine.

I let 2 days pass just incase there was a delay and would save me two trips ….. anyway turned up and no dinar …. talked with the manager she couldnt explain it … called customer services they just keep saying it’s in transit …. where from….. Iraq ???

So that was 2 weeks ago still not arrived yet, anyway its been paid for and the bank has to deliver at the rate they sold it for even if there is a change before it get’s here.

just thought I’d share …. seems the banks are all dried up here in the UK, anybody else experience anything similar.

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Filed Under Dinar Daddy Tidbits Tagged With 1/31/12, Bank, dinar, Machine, something

* JimmySmack (Bank Story): 3S’s Intel 1/30/12

January 31, 2012 6 Comments

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/7ElEOWyBaEQ/

Monday

[Dove] 4:47 PM [JimmySmack] My own personal bank story from today. I went to my bank in FL that I have my other business accounts in. The bank manager is a good person who has in the past bought ‘the company line’! I took him a closed envelope telling him to read at end of day.

It was from me stating for him to contact me asap when the IQD rvs. He asked me to step into his office. He said for me to sit so he could show me his screen.

He had never seen this before. I had been bringing him up to speed on the IQD. It was a change significant enough for him to show me without prodding. He will call their foreign currency desk

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Filed Under Dinar Daddy Tidbits Tagged With 1/30/12, 3S”s, Bank, Intel, JimmySmack, Story

* Alabtan calls the central bank for a study to raise the price of the dinar against the dollar

January 30, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/7YzLwc1HUGc/

A member of the parliamentary Committee of Energy and Investment MP / National Alliance / Hussain Alabtan called to raise the price of the Iraqi dinar against the dollar to improve the living conditions of the individual.

Alabtan said in a statement on Thursday the central bank has to do a study to raise the proportion of the Iraqi dinar against the dollar and foreign currency in excess of (60) billion dollars.

Alabtan added that the Iraqi dinar at a standstill for four years since a cash reserve was (20) billion dollars so far.

Alabtan said that the price raise of the dinar up to (1000) dinars to the dollar at the present time is suitable for economic recovery and increase the reality of living of the individual and restore its distinguished position among nations.

This is noteworthy that the central bank stressed that raising the value of Iraqi dinar by 3.4%, which may seem at first glance a low rate, although it is in fact a large monetary value part of the financial settlement large inter-bank “that this lifting” sends a strong message confirms the strength and stability of the national currency and the promising future of the Iraqi economy “and dispel all fears of the possibility of a deterioration of the latter, as he said it.

LINK

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Filed Under Dinar Daddy Tidbits Tagged With against, Alabtan, Bank, calls, Central, dinar, dollar, Price, Raise, study

* President of the Bank of the economy: intellectual backwardness of the leaders of the cause of the economic process of the deterioration of the banking sector in Iraq

January 30, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/WvlY7lC1jSc/

Baghdad (news) .. Revealed the chairman of Bank of the economy Husam Obeid for the existence of intellectual backwardness of the characters, which leads the economic process in the country, which led to the deterioration of the banking sector in Iraq.

Obaid said in a statement to the Agency (news) on Monday: that Iraq today is suffering from underdevelopment mindset of the characters that Taatbu positions economically sensitive in the country, stressing that they applying the principle of “the person inappropriate in the right place”, through the decisions of others supportive of the Iraqi economy in general and the banking sector in particular.

Obaid said: should the Federal Government that the diagnosis of these cases and about illiterate for professions in order to promote the economic process and its development, noting that there are conflicting decisions made ​​by officials lead to confuse the economic process in the country.

and that the most important obstacles that stand in front of the work of Iraqi banks is the inconsistency of decisions and instructions issued by the Central Bank and Ministry of Finance , through the issuance of a decision by the Ministry of Finance not to deal with private banks because they are not disciplined, and the Central Bank underlines the need to deal with it, which led to a decline in banking business in Iraq.

He called the chairman of Bank of the economy to support the Iraqi banking sector and private encouragement to deal with him by government departments, the fact that he has an active role in the construction, development and construction to start the.

LINK

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Filed Under Dinar Daddy Tidbits Tagged With backwardness, Bank, banking, cause, deterioration, Economic, economy, Intellectual, Iraq, leaders, President, process, sector

* Central Bank confirms its ability to meet the high demand for the currency

January 30, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/OOmKkGWBKxo/

Central Bank confirms its ability to meet the high demand for the currency Central Bank of Iraq announced its ability to meet any high risk caused by the growing demand for foreign currency as it has large reserves of hard currency. And the bank said in a statement Sunday that he “has in foreign reserves large, the estimated high in the face of any potential caused by the growing phenomenon of demand for foreign currency on the basis of the means of monetary policy available to control the levels of liquidity and cash flows in order to achieve economic stability desired.” He continued that “the situation and the complexities in some regional countries surrounding Iraq and exposed to the problems in international economic relations has cast Bdilalha are other currents in the formation of additional non-directly in the demand for foreign currency through the overlapping regional trade and the various ways of funding.” The Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh, on the ninth of January 2012, that the high exchange rate of the dollar against the Iraqi dinar in the Iraqi market as well as higher sales of the Iraqi Central Bank foreign currency, due to the financing of trade in neighboring countries by the Iraqi traders.

LINK

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Filed Under Dinar Daddy Tidbits Tagged With ability, Bank, Central, confirms, currency, Demand, High, meet

* Caveman (Bank Story): OOM 1/29/12

January 29, 2012 7 Comments

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/1evjYvmnmt0/

I went in to my bank yesterday (one of big 4) and my banker, not a teller, but my banker who opened up my account approached me at the teller’s desk and asked me how I was doing.

He easily remembered my name as I had only seen him once (when i opened the account) He knows I have Iraqi Dinar. After I made my deposit he said “See ya next week man!” Hmm…. I don’t have any plans to go to the bank next week unless i’m cashing in my dinar. Maybe this is it?? Hopefully he will give me a call tomorrow to set up an appointment if this thing goes through.

Go RI/RV!

-Caveman

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Filed Under Dinar Daddy Tidbits Tagged With 12912, Bank, Caveman, Story

* Trade Bank of Iraq warns of linking the Ministry of Finance

January 26, 2012 Leave a Comment

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/8l2jUtSnQHw/

 Baghdad / term warned the director of the Commercial Bank of linking the independence of its bank, which has since its inception in 2003, the Ministry of Finance, saying it could put his money to the risk of international sanctions. It is said that the government presented a draft law to parliament, where it was read the first, includes a link the bank’s Ministry of Finance.

The Director of the Bank (responsible for most of the transfers of big government) Hamdiya dry, told AFP: There are obligations incurred on Iraq as a result of the political situation which has passed through the country and the government banks in Iraq.

“If you got bogged down in images directly to the Ministry of Finance and we have lost our independence we will be exposed to the risk measures seizure and confiscation by the international lenders imposed on the Ministry of Finance and state banks such as Rafidain and Rasheed, and fear most of that. “as shown dry, which took over its functions in the management of the bank’s important after the detection of a major corruption accused the former director, who fled out of the country, concern the new law because it might complicate the work of the bank.

She explained that the dry spent thirty years in banking, “do not like to be a link to the ministry because the bank would lose its independence enjoyed by, away from the complexities and administrative routine in the banks of the Ministry of Finance.” And showed that “the Board of Directors of the bank, the highest administrative authority makes a decision without the intervention of any party, but when our association finances we would be passing a series of references long, which complicates things” at work.

has established the Coalition Provisional Authority headed by the U.S. ruling civil administrator of Iraq Paul Bremer Bank and began his law.

and upheld the Director Bank of new legislation for the Bank to suit the phase experienced by Iraq. and said in this regard that “the bank was established in the special circumstance must therefore reconsider its law as a result of changing circumstances and in line with the political and security stability, and today there is a state and it is not wrong to review the law for the better” .

On the other hand, revealed dry that the volume of money that the former Director lend without collateral amounted billion dollars, saying restore half.

The Secretary General of the Council of Ministers on the Keywords announced last October the issuance of the order of the Iraqi judiciary to re-director of Trade Bank of Iraq Hussein Uzri which fled to Beirut after being accused of wasting millions of dollars, confirming delivery of the International Police (Interpol) and the incriminating documents.

and said dry that “the volume of non-performing loans were up to billion dollars, up to last year we were able to restore $ 500 million, an average of fifty percent.” She added “We turned to justice for the remaining loans amounting to about half of the remaining funds, as we have the process of settling with the other creditors. ” It confirmed that “investigations with the officials confirmed that the powers were limited, however, the former director (Hussein Uzri) did not allow anyone to take any decision.”

She pointed out that “the total employees who were expelled after the departure of former manager of 53 employees, some of them leave before the investigation, “adding that” the bank made ​​a large number of files to the Integrity Commission, which in turn convert them to justice. “

Prime Minister Nuri al-Maliki, made ​​a surprise visit to the bank after receiving reports to his office the existence of “irregularities in certain transactions,” according to a statement issued by the Prime Minister’s Office.

As a result, formed a commission of inquiry found that the bank grants loans and credit facilities without collateral in the bank allocated to the opening credits for the import and export. He Keywords that “there are open credit worth billions of dollars each by the observations being unknown determination and unknown value of the benefits associated with it.”

and found the commissions of inquiry, headed by Keywords on “The salary is based on the jurisprudence of personal amounts of thousands of dollars and disbursements are not justified, or for personal purposes such as buying buildings outside of Iraq and within the millions of dollars, “according to the source.

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Filed Under Dinar Daddy Tidbits Tagged With Bank, Finance, Iraq, Linking, Ministry, Trade, warns

* Subject: Real Livel Bank Story From A Big 4 Bank posted in OOM forum by Cessna210 Thur Morning: Dinar Recaps 01/26/2012

January 26, 2012 7 Comments

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/6tsxfWur9IQ/

I have to say that I have never been so convinced that this RV thing is real!

My wife and I traveled to Las Vegas Nevada recently to set up our LLC that will be home for our Dinar wealth when it arrives. We went into the corporate office to set up our LLC and then left.

It was going to take about a week to set up so we scheduled another appointment to go over the paperwork when the LLC was complete. To our surprise, the gentleman setting up our LLC asked if we would like a personal banker to be present to set up our corporate bank account when we returned for our appointment. We said yes. When we returned, a bank manager (Big 4 Bank) actually came to the office of the company who set up our LLC and we never had to go to the bank to set up our accounts. She recommended we set up two accounts. One called a “Dinar Account” where we would wire the revalued Dinar into and a second account to transfer the funds into once wired. She said this would protect us from anyone who might have the wire info hacking our account and trying to steal our new wealth. The name of the first account for the wire transfer is actually called “Dinar Account” right on the account set up paperwork. I asked the banker how many of these accounts she had set up for Dinar holders and to date she had set up over 300 accounts!

Why on earth would a bank go to this degree to set up accounts if they didn’t plan on or believe that the Iraqi Dinar was going to revalue? They wouldn’t!

By the way, this is one of the Big 4 banks that if you call on the phone to ask about the Dinar will still tell you that they have nothing to do with the Dinar and never will.

LINK

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* cameronwheeler (Bank Story): OOM 1/25/12

January 26, 2012 6 Comments

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/Kf03WgJA-t4/

I opened up a checking account at a Wells Fargo today… I worked with a banker, not a teller, he was actually a manager there. I opened an account and before I left he asked if I had any questions. I said yes. I said: A friend of mine gave me some iraqi money, i think its called dinar for Christmas and I was wondering about the value of it. (I’ve been in this investment for a year and a half and I played stupid with him) He said, “oh, well how much you got?” I replied “roughly 400,000″ his face lit up, he seemed amazed.

I wasn’t going to tell him how much I really had but I was just fishing for some answers. He said, that they do exchange and I would have to bring it in and they could verify it. He didn’t give me a rate. Obviously I know it hasn’t revalued yet and I’m positive I would not have received more than the 1166 rate. I also told him that I heard it might appreciate in value soon. He replied “Yes and No” I didn’t understand the no part. My next question was, “I tried looking up the rate online and I heard about 0.0000 on bank screens” he said “”That is true, that rates do fluctuate back and forth” I said back and forth to the rate of what I see online of 1166 he said”yes back and forth.” So the story about bank screens changing seems to be true. At this point he started to realize that I’m not stupid. He then ended our conversation and said “Welcome to Wells Fargo and HOLD ON TO THE MONEY. I WOULD KEEP IT IN YOUR POSSESSION.” Then I left.

Now him talking about exchanging…. how can you exchange currency thats not tradable…. Some people said that Wells Fargo won’t deal with the dinar…. He was offering to trade at the rate of 1166. I’m glad I had my own bank story, a lot of people have had some and its just great to have one for myself.

LINK

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Filed Under Dinar Daddy Tidbits Tagged With 1/25/12, Bank, cameronwheeler, Story
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