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To: AdmSmith
After a recent decision by Finance and Economic Affairs Ministry to ban the withdrawal of more than 150 million rials (roughly $15,000) per day, a rumor spread that two major Iranian banks (Melli and Mellat) were on the verge of declaring bankruptcy.
http://www.tehrantimes.com/index_View.asp?code=213122

Melli and Mellat bank are mentioned here http://www.fincen.gov/statutes_regs/guidance/html/fin-2008-a002.html

3 posted on 02/21/2010 9:32:08 AM PST by AdmSmith
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To: AdmSmith

.....Iranian governments have in the past often instructed state banks to provide low-interest loans to various sectors in order to boost the economy,......

So, now we know.

Barney Frank, the Queeeah from Massachusetts, learned how to make loans to the destitute from the Mullahs in Iran


5 posted on 02/21/2010 11:23:39 AM PST by bert (K.E. N.P. +12 . Tax the poor. Taxes will give them a stake in society)
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