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#171
10-03-2007, 02:53 AM
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Re: Regulations are out
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#172
10-03-2007, 05:10 AM
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Re: Regulations are out
[ QUOTE ]
Could this be used to our advantage??? http://forumserver.twoplustwo.com/showfl...=0#Post12337323 [/ QUOTE ] Community banks were some of the most vocal opponents of the UIGEA before it was passed; they had the balls to take some stances that the big guns didn't. And some of those banks are in trouble now because of the subprime mortgage crisis. Still, I think it's a little bit of a stretch; from the average bank's point of view, these regulations are more a nuisance than some kind of financial sinkhole.
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#173
10-03-2007, 06:35 AM
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Re: Regulations are out
[ QUOTE ]
I think that most banks will add a condition to their commercial customer, bank relationship and foreign bank relationship agreements that the other party not knowingly originate or receive a restricted transaction and that the other party not contract or affiliate with a business known by the other party to originate or receive restricted transactions. Could we comment that this example be sufficient to comply with the regs? [/ QUOTE ] No, it wouldn't. As far as I can tell, it is not illegal for the individual to receive these payments, only for the bank to process them. So if I sign this contract you mention, and then break it, what is the bank going to do to me? Steal my money?
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#174
10-03-2007, 08:15 AM
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Re: Regulations are out - TREASURY PRESS RELEASE
[ QUOTE ]
[ QUOTE ] I will not submit any comments until TE or D$D approve them. [/ QUOTE ] I DO NOT HAVE THAT RIGHT! D$D<--"If nominatiated I will not run, if elected I will not serve" as some sort of poker semi-god. TY but no thanks! Extra credit for anyone who can ID who said that quote.. Sorry to those of you who remember hearing it live! [/ QUOTE ] I remember this. I feel very old.
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#176
10-03-2007, 04:29 PM
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Re: Regulations are out - TREASURY PRESS RELEASE
[ QUOTE ]
[ QUOTE ] ...IMPO... [/ QUOTE ] Sorry I see you write this all the time, what does the damn "P" stand for? Thanks [/ QUOTE ] No I should be sorry. I was once accused at one time of speaking for the PPA and 2+2. So I ofen include a "P" in the common usagage of IMO to indicate that it is my PERSONAL opinion. I do not ever speak for the PPA nor 2+2, but do consider myself a member of both groups. D$D
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#177
10-03-2007, 07:28 PM
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Re: Regulations are out - TREASURY PRESS RELEASE
[ QUOTE ]
[ QUOTE ] [ QUOTE ] ...IMPO... [/ QUOTE ] Sorry I see you write this all the time, what does the damn "P" stand for? Thanks [/ QUOTE ] No I should be sorry. I was once accused at one time of speaking for the PPA and 2+2. So I ofen include a "P" in the common usagage of IMO to indicate that it is my PERSONAL opinion. I do not ever speak for the PPA nor 2+2, but do consider myself a member of both groups. D$D [/ QUOTE ] I never saw IMPO before. Actually, I thought you were saying "in my professional opinion. Personal, OTOH, is cool. Maybe just use IMO or IMHO....acronyms are tricky if no one knows what they mean. [img]/images/graemlins/grin.gif[/img]
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#178
10-03-2007, 08:46 PM
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Re: Regulations are out - TREASURY PRESS RELEASE
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I will not submit any comments until TE or D$D approve them. [/ QUOTE ] I DO NOT HAVE THAT RIGHT! D$D<--"If nominatiated I will not run, if elected I will not serve" as some sort of poker semi-god. TY but no thanks! Extra credit for anyone who can ID who said that quote.. Sorry to those of you who remember hearing it live! [/ QUOTE ] I remember this. I feel very old. [/ QUOTE ] I just hope UIGEA doesn't take as long to resolve as the issue that prompted that statement.
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#179
10-03-2007, 09:03 PM
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Re: Regulations are out - TREASURY PRESS RELEASE
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] I will not submit any comments until TE or D$D approve them. [/ QUOTE ] I DO NOT HAVE THAT RIGHT! D$D<--"If nominatiated I will not run, if elected I will not serve" as some sort of poker semi-god. TY but no thanks! Extra credit for anyone who can ID who said that quote.. Sorry to those of you who remember hearing it live! [/ QUOTE ] I remember this. I feel very old. [/ QUOTE ] I just hope UIGEA doesn't take as long to resolve as the issue that prompted that statement. [/ QUOTE ] I'd be willing to bet it takes at least 12 times longer. D$D<--loves a sure thing!
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#180
10-03-2007, 09:17 PM
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Re: Regulations are out - TREASURY PRESS RELEASE
We will all be dead by then.
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