Holding money being transferred via checks or international wire transfer to Indian Banks, and even from one bank to another in India, for long, extended periods of time has been/is SOP in India. So with U.S. banking deregulation, Indian practices may have been adopted. Indians say the Indian banks hold the funds to collect interest on the transfers. The other possibility is arbitrage trading. However, even small checks of $150 written on a U.S. bank and deposited in Indian Banks are held for months. Presumably the aggregation of all such deposits and transfers produces sufficient interest to make it profitable for the banks.
Just wanted to provide a heads up regarding a recent Debate on “9/11, False Flags, and Black Ops” with Jonathan Kay and Webster Tarpley.1hr 40min.
ReplyDeletehttp://www.c-spanvideo.org/program/305586-1
http://tarpley.net/
Tarpley seems to do quite well.
Holding money being transferred via checks or international wire transfer to Indian Banks, and even from one bank to another in India, for long, extended periods of time has been/is SOP in India. So with U.S. banking deregulation, Indian practices may have been adopted. Indians say the Indian banks hold the funds to collect interest on the transfers. The other possibility is arbitrage trading. However, even small checks of $150 written on a U.S. bank and deposited in Indian Banks are held for months. Presumably the aggregation of all such deposits and transfers produces sufficient interest to make it profitable for the banks.
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