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Credit - NO LEVIES - PAYMENTS OF BNI for account holders
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giovedì 7 giugno 2012 Thursday, June 7, 2012

Correntisti di BNI impossibilitati ad effettuare prelievi/versamenti, pagamenti di bollette, rate mutui, tasse BNI depositors unable to make withdrawals / payments, payments of utility bills, mortgage payments, taxes

Pietro Giordano, Adiconsum: “Grave l'atteggiamento di Banca d'Italia che assume provvedimenti senza valutare le ricadute sui correntisti, ed in special modo, sulle famiglie monoreddito e sui pensionati” Peter Giordano, Adiconsum: "Grave of the Bank of Italy's attitude that takes action without considering the impact on depositors, and especially on single-income families and pensioners"

Adiconsum chiede a Bankitalia un incontro urgente e la revoca del provvedimento Adiconsum Bank of Italy asks for an urgent meeting and the lifting of the

La Banca d'Italia ha autorizzato la sospensione dei pagamenti della Banca Network Investimenti SpA (BNI) senza comunicare alcunché ai correntisti. The Bank of Italy authorized the suspension of payments by Bank Network Investments SpA (BNI) without communicating anything to the depositors.

Molto grave e inaccettabile – dichiara Pietro Giordano, Segretario Generale Adiconsum – l'atteggiamento di Banca d'Italia nella vicenda BNI SpA, perché altamente lesivo degli interessi della clientela. Very serious and unacceptable - says Peter Jordan, Secretary General Adiconsum - the attitude of the Bank of Italy SpA in each BNI, because highly prejudicial to the interests of customers.

Bankitalia, infatti, dopo aver prorogato il commissariamento dell'istituto di credito, dando quindi l'impressione di un imminente salvataggio, ha poi dato il via libera alla liquidazione coatta, senza fornire alcuna preventiva comunicazione ai correntisti, lasciandoli in condizione di non poter effettuare alcun tipo di operazione, neanche quelle di base per la sopravvivenza quotidiana, quali prelievi/ versamenti, pagamenti di utenze, rate, tasse. Bank of Italy, in fact, after extending the receivership of the bank, thus giving the impression of an imminent rescue, then gave the green light for compulsory winding up, without giving any prior notice to the depositors, leaving them in no condition to perform any type of operation, even basic ones for daily survival, such as withdrawals / payments, utilities payments, rates, taxes.

Dobbiamo purtroppo segnalare che provvedimenti lesivi come quelli adottati nei confronti della clientela BNI – denuncia Giordano – non rappresentano un caso isolato. We must unfortunately note that offensive measures as those adopted to customers BNI - Giordano complaint - not an isolated case. Decisioni prese senza tener conto delle pesanti ricadute, in particolare sui risparmiatori in possesso di un unico conto corrente su cui accreditano stipendio o pensione, non sono nuove a Bankitalia, ed hanno interessato anche i correntisti di Banca MB. Decisions without taking into account the heavy impact, particularly on savers in possession of a single bank account on which accrediting salary or pension, are not new to Bank of Italy, and also affected depositors of Banca MB.

L'atteggiamento di Banca d'Italia – prosegue Giordano – è burocratico e notarile e come Adiconsum abbiamo chiesto in una lettera inviata a Banca d'Italia ea BNI la revoca del provvedimento e un incontro urgente per definire le modalità con cui i clienti, specie famiglie a reddito fisso e pensionati, possano svolgere le normali operazioni quotidiane. The attitude of the Bank of Italy - Jordan continues - is bureaucratic and deed and as Adiconsum we asked in a letter sent to the Bank of Italy and the lifting of the BNI and an urgent meeting to define the way in which customers, especially Fixed-income families and pensioners, can perform normal daily operations.

Holiday is good right? That's what they call a vacation over there so things must be going pretty good if they are taking vacations.

Luckily for most retired people, their state pensions are, unbelievably, paid to them through the Post Office. Not that this won't create any hardship however. People don't have money over there like they do here. Widespread consumer credit is a relatively new thing in Italy. I can remember being over there in the 90s and a majority of retail / restaurants did not even accept credit cards. Its likely that this period will be looked back upon as an "experiment" with consumer credit that failed.

Strange thing is, this was announced YESTERDAY.

Quote:

First Bank to Block All Accounts; Italy’s BNI

Could this be the first bank domino to fall in the crumbling of the European and then the world financial markets … allowing NESARA to be ushered in?

The article appears in an Italian Language newspaper. I have used Google translator here to re post the article. Below the article you will see the translated version of the letter from the bank to its customers. The last article was published on the Adiconsum website. Adiconsum, an Italian consumer organization with over 122,000 associates formed in 1987 at the initiative of the ICFTU, to protect consumers rights.

Network Bank stopped payments, customers furious
Lettera 43, June 4, 2012

http://www.lettera43.it/economia/macro/b....

Stop the transaction until July for the crisis of the institution.

Network Investment Bank has suspended payments, causing great inconvenience to customers.

STOP FOR A MONTH.

The institute, in receivership since last November, announced that on May 31, the commissioners, “with the approval of the Monitoring Committee and with the approval of the Bank of Italy, have decided to suspend the payment of liabilities of any kind ‘for a month.

The stop, communicated through the website of the bank, does not include client financial instruments. It was emphasized that “the measure was needed to tackle the difficult situation of the bank.

Angry depositors.

To the rescue – in the few lines we read online – have stepped forward and the group Sim Consultinvest Savings Bank of Ravenna, but in the meantime, depositors are furious . For all spoke Massimo, police in Milan with his wife and two daughters in Messina: “Nobody told me anything and today (June 4), when I went to pay the mechanic, the ATM was not working. Even the credit can do. ‘ MI HAVE REMOVED THE MONEY.” ”Actually,” he added, “I have taken my money. In the book I have only 20 euros in cash and the escrow account where the salary is credited to me, how do I make ends meet? “. And to think that Bank Investment Network has as shareholders the names of the first floor of the financial world: Aviva Banco Popular De Agostini and Sopaf.

“GUESTS OF PERSONS FINANCIALLY ADVANCED.” The customers of Bank Network, financial sources have noted, is composed largely of the “financially sophisticated individuals” able to understand the situation and wait for the definition plan of action by the group and Sim Consultinvest Savings Bank announced the release of Ravenna as special commissioners.

Suspension of Payments:Letter from BNI to its Customers
http://www.bancanetwork.it/content/sospe....

Suspension of Payments

THE PRESS May 31, 2012

On 31 May 2012, the Special Commissioners of Bank Network Investments SpA in Extraordinary Administration (MI), with the approval of the Supervisory Committee and with the approval of the Bank of Italy, have decided to suspend the payment of liabilities of any kind, pursuant to art. 74 of Leg. September 1, 1993. 385 (TUB), for the period of one month. The suspension does not include client financial instruments.

The measure was necessary to face the difficult situation of the bank.

Organs extraordinary Bank Network Investments SpA, an intermediary member of the Interbank Deposit Protection Fund, are developing a plan for solving the crisis in order to safeguard clients’ rights, provides for the intervention of Consultinvest SIM Group and Bank savings of Ravenna. The second article is published on the Adiconsum website. Adiconsum is an Italian consumer organization with over 122,000 associates formed in 1987 at the initiative of the ICFTU, to protect consumers rights.

Credit – NO LEVIES – PAYMENTS OF BNI for account holders
BNI depositors unable to make withdrawals / payments, payments of utility bills, mortgage payments, taxes

Thursday, June 7, 2012

http://www.adiconsum.it/(X(1)A(LlSQwS99z....

Peter Giordano, Adiconsum: “Grave of the Bank of Italy’s attitude that takes action without considering the impact on depositors, and especially on single-income families and pensioners”

Adiconsum Bank of Italy asks for an urgent meeting and the lifting of the Block.

The Bank of Italy authorized the suspension of payments by Bank Network Investments SpA (BNI) without communicating anything to the depositors.

Very serious and unacceptable – says Peter Jordan, Secretary General Adiconsum – the attitude of the Bank of Italy SpA in each BNI, because highly prejudicial to the interests of customers.

Bank of Italy, in fact, after extending the receivership of the bank, thus giving the impression of an imminent rescue, then gave the green light for compulsory winding up, without giving any prior notice to the depositors, leaving them in no condition to perform any type of operation, even basic ones for daily survival, such as withdrawals / payments, utilities payments, rates, taxes.

We must unfortunately note that offensive measures as those adopted to customers BNI – Giordano complaint – not an isolated case. Decisions without taking into account the heavy impact, particularly on savers in possession of a single bank account on which accrediting salary or pension, are not new to Bank of Italy, and also affected depositors of Banca MB.

The attitude of the Bank of Italy – Jordan continues – is bureaucratic and deed and as Adiconsum we asked in a letter sent to the Bank of Italy and the lifting of the BNI and an urgent meeting to define the way in which customers, especially Fixed-income families and pensioners, can perform normal daily operations.

http://the2012scenario.com/2012/06/first....

Not like we at TF were not prepared but I must point out that you, you lowly peasant with savings, do not rate any warning at all.

They will confiscate your money, prevent you from getting it, and they won't provide a second's notice.

It's not Your Money.

Remember that.

Long time no post hello all. I have a dumb question why are the /ES up 15 handles as I type this? Let me guess it's not been reported on the Dow Jones news feed. One would think we would be down 15 handles not up. The same thing is going to happen here.

S7, did you miss the memo. Spain is saved. Do not question or analyze it, just buy buy buy.

Wow, S7rep surfaces.

I think this is one of the 'signs' from the sign thread.

Here it comes, I think. A lot sooner than anyone thought.

Funny nothing on cnbs home page or bloom. As far as coming to us did you ever hear
Of mf global run by John corzine a huge Obama fund raiser. Rally on as the currency falls

Guys, there just getting an early start on the 4th of July celebrations

Nothing to see here

Seems to me we were talking about Lehman and Bear imploding a few days before the MSM picked up.

WOOOOOOOOOOOOOOOOOOOOOOOOOOOO HOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO.....The futures are UPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

As long as the stock market stays up or at least flat, the commoners do not care nor understand.

Hey Mo, long time my friend from Pennsylvania. I've got your sign :) Spanish banks cannot be SAVED. Just to let everyone know I'm now in the top 35 for Kia sales people (I will get toasted again when we implode in the next 6 months) in the nation. One of Spains larger banks is Santander. If you have 3 repossesions (auto) and you don't pay anyone else either and you have about 2000 down they will give you a loan for a new car. This has got to be the worst run bank in history. Almost makes Bank of America look smart and that in and of itself is pretty scary. If they won't do the loan you can count on their subsidiary Drive Financial will. The VIG to the dealer will be 3000 dollars but they will do the loan. The bubble is alive and well in SW Florida except this time it's not houses but automobiles. I told myself when the mortgage market blew up that I would stay away from banks for my income. LOL what have I done? Gen, I think I will pony up when I get my next check (I'm going to be down to 2 remaining replies and I like to talk). Hope all is well want to know about SW Florida real estate shoot me an email. DO NOT BUY anything in this area the Realtors actually have people believing that the housing market has bottomed. Apparently no one is paying attention to the 25,000 homes and growing with lock boxes on the door (empty) and no for sale sign in the front yard. NOTE: Very, very short via SDS and some longer dated puts. I wish I never would have bought that friggin SRS. A wise man once said avoid that like the plague. Who was that? :)

I love this site when intel like this pops up. ^^^^^^

Quote:

Seems to me we were talking about Lehman and Bear imploding a few days before the MSM picked up.

We had real-time intel of nationwide failing payrolls on Tuesday and Wednesday that week, before Harry and Benny went to Congress and threatened them on Thursday evening.

No other group is as keyed in as we are.

The only way to be more in tune is if one of us had real-time access to the FedWire feed of national in/out flows, or was a high ranking member of The FOMC.

Quote:

Hope all is well want to know about SW Florida real estate shoot me an email. DO NOT BUY anything in this area the Realtors actually have people believing that the housing market has bottomed. Apparently no one is paying attention to the 25,000 homes and growing with lock boxes on the door (empty) and no for sale sign in the front yard.

Good to see you alive and kicking S7rep. You came out the other side of the storm in top shape. Good for you.

I sold my house in Tampa in March the day before it listed at full asking price. heh heh.

Lehman Spain is contained.