ePassporte Official Statment - Page 87 - GoFuckYourself.com

Mr. Cool Ice · 09-26-2010, 05:50 PM

Did I win $25?

Bump for the win.

suesheboy · 09-26-2010, 05:50 PM

Quote:

Originally Posted by bloggerz

this thread is dying

Never shall it die...

Naughty-Pages · 09-26-2010, 05:53 PM

Quote:

Originally Posted by suesheboy

Didn't you feel ripped off when you could not access your money and you knew at the same time a retailer didn't get paid either?

I'm gonna butt into this convo about epass using the VV or even the physical card...

Using the VV and the physical card were like a roll of the dice for us... I still don't get it.. but some merchants we talked to said the issue was they were not authorized to accept International credit cards.

For the VV at least 30% of the merchants we used would pre-authorize them, but then decline them later. The first time this happened it was over several thousands of dollars we had spent online with numerous online retailers for X-mas shopping.. We did not know 30% of them later declined it until several days later.. the wife was pissed (trying to figure out what presents needed to be repurchased in time for x-mas). And the money that was declined was held up for several weeks... after that we rarely used the VV# for anything.. I used to use it for things that required manual payment rather than automatic, but then one day our electric company stopped taking the VV.. after that i pretty much gave up, primarily to hundreds or thousands being tied up for several weeks.

On the rare occasion any other credit card we have had a similar situation, they would release the funds within a few days.

The same went for using the physical card, if there we bought $6 in gas to fill a 2 gallon gas jug, $85 would be tied up for 3 weeks. And some places it would not work at all, but I have since noticed that a few of the gas stations in our area (a tourist area) have signs on the pumps saying that international cards need to be brought inside).

Now the really messed up part.. I had like 25k in my account from a couple big sales, and I wanted to pay off my Jeep Commander, so I called epass and talked to some Indian chick.. I asked her if there was a way I could use epass to pay the remaining 15k on our Jeep, she said no.. I would have to withdraw $1,000 a day via ACH for friggin 25 days to get the money or spend 40+ days at the ATM withdrawing $600 a day. And I explained to her that I would be getting even more sales in the upcoming weeks so it would take far longer to get all of my money out..

Skip to a couple weeks later, we were moving to a bigger place and we needed about $9k for some new furniture we were buying.. Just as a test I asked the furniture place to try the Epass card but run 9 separate charges of $1k through.. I did not expect it to work, based on what the Indian chick from epass said.. I figured the first 1k would go through, and then the next transaction would be decline.. but guess what? It fucking worked! all 9 charges went through.. I was kinda pissed because I could have done the same thing to pay off the Jeep instead of making constant daily withdrawals...

optillion · 09-26-2010, 05:53 PM

Too bad that epassporte failed.

Naughty-Pages · 09-26-2010, 05:58 PM

Quote:

Originally Posted by bloggerz

this thread is dying

because most of us have given up... reality is starting to close in and the optimists are becoming more aware....

I was optimistic off and on a few times, but I think I have run out of any optimism that might have been left.

suesheboy · 09-26-2010, 05:59 PM

Quote:

Originally Posted by Naughty-Pages

I'm gonna butt into this convo about epass using the VV or even the physical card...

Using the VV and the physical card were like a roll of the dice for us... I still don't get it.. but some merchants we talked to said the issue was they were not authorized to accept International credit cards.

For the VV at least 30% of the merchants we used would pre-authorize them, but then decline them later. The first time this happened it was over several thousands of dollars we had spent online with numerous online retailers for X-mas shopping.. We did not know 30% of them later declined it until several days later.. the wife was pissed (trying to figure out what presents needed to be repurchased in time for x-mas). And the money that was declined was held up for several weeks... after that we rarely used the VV# for anything.. I used to use it for things that required manual payment rather than automatic, but then one day our electric company stopped taking the VV.. after that i pretty much gave up, primarily to hundreds or thousands being tied up for several weeks.

On the rare occasion any other credit card we have had a similar situation, they would release the funds within a few days.

The same went for using the physical card, if there we bought $6 in gas to fill a 2 gallon gas jug, $85 would be tied up for 3 weeks. And some places it would not work at all, but I have since noticed that a few of the gas stations in our area (a tourist area) have signs on the pumps saying that international cards need to be brought inside).

Now the really messed up part.. I had like 25k in my account from a couple big sales, and I wanted to pay off my Jeep Commander, so I called epass and talked to some Indian chick.. I asked her if there was a way I could use epass to pay the remaining 15k on our Jeep, she said no.. I would have to withdraw $1,000 a day via ACH for friggin 25 days to get the money or spend 40+ days at the ATM withdrawing $600 a day. And I explained to her that I would be getting even more sales in the upcoming weeks so it would take far longer to get all of my money out..

Skip to a couple weeks later, we were moving to a bigger place and we needed about $9k for some new furniture we were buying.. Just as a test I asked the furniture place to try the Epass card but run 9 separate charges of $1k through.. I did not expect it to work, based on what the Indian chick from epass said.. I figured the first 1k would go through, and then the next transaction would be decline.. but guess what? It fucking worked! all 9 charges went through.. I was kinda pissed because I could have done the same thing to pay off the Jeep instead of making constant daily withdrawals...

Talk about having your money held as hostage before the "funds in motion" crisis. What a clusterfuck!

charlie g · 09-26-2010, 06:37 PM

Hey you fat fucker, where's our money? statement tomorrow please

jonnydoe · 09-26-2010, 07:05 PM

he spent it on just for men and new dentures...

Agent 488 · 09-26-2010, 07:58 PM

that's why people hate literal middle men. scum that steal and shave off the work of people's hard work. garbage.

trannysphere · 09-26-2010, 08:11 PM

wow 87 pages!

tehHinjew · 09-26-2010, 09:15 PM

I have almost 800 in there was supposed to pay for my vegas trip for my fucking birthday. Guess that isnt happening
Thank you epass for ruing this young mans dream:'(

Legman69 · 09-27-2010, 12:31 AM

Quote:

Originally Posted by halfpint

Michael so this means even if its not in ewallet you still cannot withdraw any funds from an atm machine even in the UK

No we have a lot on the Virtual Visa and are in the Uk no we its all gone and unless its in the wallet you have NO ACCESS

Legman69 · 09-27-2010, 12:41 AM

Have sent this email lets see if they reply""" will update you

"""We would like to know what is going to happen with our money we had over $1900 on a virtual card with you guys how can we get our money, you have now take the card and balance off our account and you are making statements that your money is safe don?t worry?????????

How far from the truth could you be, a copy of this email ios being placed on GFY so a reply will be good
"""

RBC · 09-27-2010, 01:23 AM

Quote:

Originally Posted by Naughty-Pages

because most of us have given up... reality is starting to close in and the optimists are becoming more aware....

I was optimistic off and on a few times, but I think I have run out of any optimism that might have been left.

Because I got wire and only reading now

RBC · 09-27-2010, 01:29 AM

Quote:

Originally Posted by Legman69

Have sent this email lets see if they reply""" will update you

"""We would like to know what is going to happen with our money we had over $1900 on a virtual card with you guys how can we get our money, you have now take the card and balance off our account and you are making statements that your money is safe don?t worry?????????

How far from the truth could you be, a copy of this email ios being placed on GFY so a reply will be good
"""

Now I understand why I got replies and help from epassporte support - because I can talk business language
and my English is not perfect even

So keep us updated )

Chosen · 09-27-2010, 01:32 AM

RBC, congrats on getting your wire

Can you please give us more details?
Your country, personal or business account, date of approval, date when the wire have been sent to you?

papill0n · 09-27-2010, 01:36 AM

Quote:

Originally Posted by Legman69

Have sent this email lets see if they reply""" will update you

"""We would like to know what is going to happen with our money we had over $1900 on a virtual card with you guys how can we get our money, you have now take the card and balance off our account and you are making statements that your money is safe don?t worry?????????

How far from the truth could you be, a copy of this email ios being placed on GFY so a reply will be good
"""

Matyko · 09-27-2010, 02:14 AM

bumperoooo, too bad still no news.

sgreen · 09-27-2010, 02:59 AM

Quote:

Now the really messed up part.. I had like 25k in my account from a couple big sales, and I wanted to pay off my Jeep Commander, so I called epass and talked to some Indian chick.. I asked her if there was a way I could use epass to pay the remaining 15k on our Jeep, she said no.. I would have to withdraw $1,000 a day via ACH for friggin 25 days to get the money or spend 40+ days at the ATM withdrawing $600 a day. And I explained to her that I would be getting even more sales in the upcoming weeks so it would take far longer to get all of my money out..

Skip to a couple weeks later, we were moving to a bigger place and we needed about $9k for some new furniture we were buying.. Just as a test I asked the furniture place to try the Epass card but run 9 separate charges of $1k through.. I did not expect it to work, based on what the Indian chick from epass said.. I figured the first 1k would go through, and then the next transaction would be decline.. but guess what? It fucking worked! all 9 charges went through.. I was kinda pissed because I could have done the same thing to pay off the Jeep instead of making constant daily withdrawals...

15K to pay off the jeep and you said you would have to spend 25 days withdrawing $1000 a day to do it or 40+ days.. That would withdraw all of your money..

In other words.. bullshit.. Were moving to a bigger place.. need about 9K.. Then it just happens to come to 9K exactly and you run 9 separate charges of 1K.. Fucking pull the other one.. For a start, there is nothing in your account to do these 9 charges with because you have withdrawn it all with the 25 daily withdrawls.

Tjeezers · 09-27-2010, 03:11 AM

i am broke

please send me food

Davy · 09-27-2010, 03:17 AM

Quote:

Originally Posted by Tjeezers

i am broke

please send me food

Did you know? You can order food on amazon.com now.
So maybe create wishlist.

Tjeezers · 09-27-2010, 03:20 AM

Quote:

Originally Posted by Davy

Did you know? You can order food on amazon.com now.
So maybe create wishlist.

I`ll just slaughter a few chickens today, and take veggies out of my basement from this summer`s harvest
I was just being sarcastic, and have a SIMA ( shit it`s Monday again ) mood

mn · 09-27-2010, 03:26 AM

Sextember · 09-27-2010, 04:48 AM

And ofcourse... it is silent at ePassporte. Doesn't surprise me at all anymore that we don't get decent updates.

cemtex · 09-27-2010, 05:33 AM

to the toP!

MMaster · 09-27-2010, 05:35 AM

Today I have received a reply from Michael ...

mn · 09-27-2010, 05:38 AM

What time is it in st kitts now?

seeandsee · 09-27-2010, 05:38 AM

what will be with epass?

Dating Port · 09-27-2010, 06:02 AM

Michael said there will be an update this week

Inter-Sex · 09-27-2010, 06:09 AM

Quote:

Originally Posted by Dating Port

Michael said there will be an update this week

Between "saying" and "doing" is a slight difference imo.

money biz · 09-27-2010, 06:17 AM

this is why paypal wants nothing to do biz with adult.

Agent 488 · 09-27-2010, 06:20 AM

aside from those who have funds on their vv i hope no one else is waiting around. epass is done.

Emma · 09-27-2010, 08:12 AM

Michael,stop talking and give us our money.

allzorotime · 09-27-2010, 09:43 AM

where is news???????????

MMaster · 09-27-2010, 09:45 AM

This week will decide whether the funds VVisa return in epass or not ...

Firestarter30 · 09-27-2010, 09:45 AM

we supposed to have news today?From epass or St Kitts bank?

Steiger · 09-27-2010, 10:00 AM

got a reply from Michael, Pearl, Larry, Jeffrey and others... all within 1 hour so :-))

Sextember · 09-27-2010, 10:03 AM

bump....

MMaster · 09-27-2010, 10:07 AM

Brantley: Gov?t Borrowing Puts National Bank at Risk
By Sheena Brooks

National Bank, downtown Basseterre
Opposition Leader Hon. Mark Brantley says the government?s reliance on the St. Kitts-Nevis-Anguilla National Bank (SKNANB), and others, to finance their borrowing is exposing the banks to great risk.

Brantley was at the time addressing a large gathering of businesspersons at the St. Kitts-Nevis Chamber of Industry and Commerce?s 28th Annual Private Sector Banquet, held on Saturday (July 10).

According to Brantley, the mounting national debt was hindering the federal government?s ability to borrow from sources outside of the country, resulting in it turning to local banks.

?The IMF Report also highlighted that the surging debt burdens made it more difficult for our government to access foreign loans and as a result, government has turned to the domestic banks and other financial institutions, or the issuance of government debt instruments to finance their borrowing. As a result the IMF tells us that ?gross public sector exposure is high and concentrated in local banks?. Of these local banks, the St. Kitts-Nevis-Anguilla National Bank is the bank of choice for both the federal government and the NIA for much of its domestic debt,? he said.

Brantley indicated that this could spell disaster for the SKNANB and other financial institutions should the government not be able to meet its financial obligations to the lending institutions and other creditors.

?This creates a further dimension to the debt crisis in that any risk of default by the government directly impacts the largest financial institution in the country. When we consider that the National Bank is also the primary depository for the Social Security Funds, the potential for difficulty is exacerbated. The domino effect of any such crisis throughout the financial sector in St. Kitts-Nevis is perhaps too frightening to contemplate,? he asserted.

Brantley said a government policy of ?borrow and spend? on a wanton basis was the root cause of the approximately $3 billion dollar public debt, and has led to an abysmal 15-year financial record under the Labour administration.

?I regret to say that the fiscal record of St. Kitts and Nevis over the past 15 years has been tragic. Unrestrained borrowing by the government over the last decade and a half has led us to the brink of fiscal ruin. The lack of restraint in borrowing has been exceeded only by the complete absence of restraint in spending. There has been no saving for a rainy day and now that the rains have come, we have been left drowning in an ever surging flood of debt,? the Opposition Leader posited.

Main Opposition Party on St. Kitts, People?s Action Movement (PAM), has questioned the financial status of the National Bank, saying failure to produce the audited accounts for 2009 could be an indication that something is amiss.

?Is our National Bank in trouble? The national economy is experiencing significant difficulty and the last thing anyone would like to contemplate is trouble in our largest indigenous bank. It is reported by sources close to the bank that the Annual General Meeting has been postponed without a date set because the auditors have refused to sign off on the accounts that should be made available to shareholders at the AGM. Information is scarce about the precise objections being raised by the auditors, and this lack of information is fueling ever wilder rumors,? a PAM press statement claims.

PAM alleges mismanagement of the National Bank?s funds on the part of the government as well as the top echelon of the institution.

?With speculation rife about the status of the National Bank, its own payment policy in December 2009 is coming under intense scrutiny. For Christmas the employees of National Bank, from Sir Edmund Lawrence himself right down to the lowest paid, carried home the equivalent of three (3) months? salary in bonuses and holiday payments. This amounted to a significant expenditure on the part of the bank, while many shareholders are still waiting for their long overdue dividends,? said the statement.

Hon. Prime Minister Dr. Denzil Douglas maintains that his administration is committed to reducing public debt, curtailing expenditure, increasing revenue and preserving fiscal stability.

He recently highlighted several measures being undertaken to achieve these lofty aspirations, saying: ?The new belt tightening and revenue-generating policies include the introduction of VAT; streamlining of the discretionary tax exemptions, which is expected to yield EC$15.2 million; closing the loopholes in the Duty Free Shopping System to the tune of $7.2 million in revenue; implementing a wage and hiring freeze to save $11.1 million; adjusting the Base Tariff for electricity to yield $14 million; containing expenditure on goods and services which will yield $17 million; prioritizing of the Capital Expenditure program to yield $34.9 million; revising the structure of the Social Services Levy which would yield $8 million; increasing license fees for casinos and implementation of race track fees to yield $500,000; and expanding the Environmental Levy on vehicles to earn $500,000?.

Dr. Douglas said the measures have been prepared by the Ministry of Finance and reviewed and supported by the International Monetary Fund (IMF). He also called on citizens and residents to be ?supportive of the efforts of my government?.

http://www.thestkittsnevisobserver.c...tley-debt.html

tehHinjew · 09-27-2010, 10:14 AM

how hard is it to take all the money from that bank, then switch it over to a new bank, and then open up the accounts again? Im sure while this is all going on, epass is making a ton in interest from our monies

gooddomains · 09-27-2010, 10:50 AM

will this be ever resolved ?

J. Falcon · 09-27-2010, 10:56 AM

Is the bank supposed to make a statement on the 30th?

Agent 488 · 09-27-2010, 10:57 AM

statement in motion.

TheDA · 09-27-2010, 11:04 AM

Quote:

Originally Posted by J. Falcon

Is the bank supposed to make a statement on the 30th?

By the 30th I think they said.

"SKNANB is actively working to restore, as soon as possible, SKNANB prepaid cardholders' ability to obtain information regarding their Visa card balances and to access Visa card funds. SKNANB prepaid cardholders can expect further communication from SKNANB on or before September 30th 2010. "

Sextember · 09-27-2010, 11:05 AM

sahirr · 09-27-2010, 11:07 AM

can't wait huh

BuddyLee · 09-27-2010, 12:02 PM

We are so fcuked!!! LMAO

mikoleg · 09-27-2010, 01:23 PM

a client could not make a simple epass to epass transfer, wtf can it be worse?

mn · 09-27-2010, 01:24 PM

^ epass to epass down?!

lucPL · 09-27-2010, 01:33 PM

NO, its working

09-26-2010, 05:50 PM	#4301
Mr. Cool Ice Confirmed User Industry Role: Join Date: Aug 2006 Posts: 1,289	Did I win $25? Bump for the win. __________________ One Love NUR COOL UND GEIL

09-26-2010, 06:37 PM	#4307
charlie g Confirmed User Industry Role: Join Date: Aug 2006 Location: Center of the Universe Posts: 2,758	Hey you fat fucker, where's our money? statement tomorrow please __________________ AlanAgus1 at gmail dot com -------------------------------

09-26-2010, 07:05 PM	#4308
jonnydoe Confirmed User Industry Role: Join Date: Aug 2006 Location: USA Posts: 543	he spent it on just for men and new dentures... __________________ Want a Sponsor that really PAYS?!?!?!?! I&C#Q 3-0/2 7+3.3 0=5\|2

09-26-2010, 08:11 PM	#4310
trannysphere Confirmed User Industry Role: Join Date: Jul 2010 Posts: 519	wow 87 pages! __________________ DESIGN IS FILTHY DESIGN DEALS + ICQ:624499299 + designs {at} designisfilthy.com $8 BANNER DESIGN \| $299 for 50 BANNERS \| $449 for 100 BANNERS $15 DOLLAR GALLERY DESIGN \| $129 for 10 GALLERIES \| $199 for 20 GALLERIES

09-26-2010, 09:15 PM	#4311
tehHinjew Confirmed User Join Date: Sep 2006 Location: MTL Posts: 5,755	I have almost 800 in there was supposed to pay for my vegas trip for my fucking birthday. Guess that isnt happening Thank you epass for ruing this young mans dream:'( __________________ Hot Porn Wanna trade? email me at wanker (@) wanknation dot com

09-26-2010, 05:53 PM	#4304
optillion Registered User Join Date: Apr 2010 Location: California USA Posts: 9	Too bad that epassporte failed.

09-26-2010, 07:58 PM	#4309
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	that's why people hate literal middle men. scum that steal and shave off the work of people's hard work. garbage.

09-27-2010, 12:41 AM	#4313
Legman69 Registered User Industry Role: Join Date: Sep 2010 Location: Midlands Posts: 11	Have sent this email lets see if they reply""" will update you """We would like to know what is going to happen with our money we had over $1900 on a virtual card with you guys how can we get our money, you have now take the card and balance off our account and you are making statements that your money is safe don?t worry????????? How far from the truth could you be, a copy of this email ios being placed on GFY so a reply will be good """

09-27-2010, 01:32 AM	#4316
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,152	RBC, congrats on getting your wire Can you please give us more details? Your country, personal or business account, date of approval, date when the wire have been sent to you?

09-27-2010, 02:14 AM	#4318
Matyko PsyHead Industry Role: Join Date: Aug 2005 Location: Hungary Posts: 8,579	bumperoooo, too bad still no news. __________________ -=- Register with our ref link and we help you with the setup! -=- AdSpyglass.com - Double your profit from brokers

09-27-2010, 03:11 AM	#4320
Tjeezers Webmaster Industry Role: Join Date: Mar 2007 Location: BP4L - NL/RO Posts: 16,419	i am broke please send me food __________________ Enroll in the SWAG Affiliate Asian Live Cam Program and receive a minimum of 2 bonus backlinks by placing your Affiliate Link on your website. The higher your link's position, the more bonus backlinks you'll receive. Request your bonus links here upon signing up.

09-27-2010, 03:26 AM	#4323
mn Confirmed User Join Date: Oct 2001 Posts: 1,505

09-27-2010, 04:48 AM	#4324
Sextember Registered User Join Date: Feb 2005 Posts: 85	And ofcourse... it is silent at ePassporte. Doesn't surprise me at all anymore that we don't get decent updates.

09-27-2010, 05:33 AM	#4325
cemtex Confirmed User Join Date: Nov 2006 Posts: 289	to the toP! __________________

09-27-2010, 05:35 AM	#4326
MMaster Registered User Industry Role: Join Date: Jun 2004 Posts: 134	Today I have received a reply from Michael ... __________________ http://adult-traffic.xxxtokens.net/

09-27-2010, 05:38 AM	#4327
mn Confirmed User Join Date: Oct 2001 Posts: 1,505	What time is it in st kitts now?

09-27-2010, 05:38 AM	#4328
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	what will be with epass? __________________ BUY MY SIG - 50$/Year Contact here

09-27-2010, 06:02 AM	#4329
Dating Port Useless As Ever Industry Role: Join Date: Jan 2009 Location: Planet Earth Posts: 731	Michael said there will be an update this week __________________ Email: admin[at]datingport.co.uk - ICQ: 456416181 It's amazing what you (L)earn when you put some effort into it!

09-27-2010, 06:17 AM	#4331
money biz Confirmed User Join Date: Jan 2003 Posts: 905	this is why paypal wants nothing to do biz with adult.

09-27-2010, 06:20 AM	#4332
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	aside from those who have funds on their vv i hope no one else is waiting around. epass is done.

09-27-2010, 08:12 AM	#4333
Emma Confirmed User Join Date: Apr 2003 Location: England Posts: 2,288	Michael,stop talking and give us our money.

09-27-2010, 09:43 AM	#4334
allzorotime Confirmed User Join Date: Oct 2008 Location: US Posts: 170	where is news??????????? __________________

09-27-2010, 09:45 AM	#4335
MMaster Registered User Industry Role: Join Date: Jun 2004 Posts: 134	This week will decide whether the funds VVisa return in epass or not ... __________________ http://adult-traffic.xxxtokens.net/

09-27-2010, 09:45 AM	#4336
Firestarter30 Confirmed User Industry Role: Join Date: Sep 2010 Location: The Land Of Gods Posts: 167	we supposed to have news today?From epass or St Kitts bank?

09-27-2010, 10:00 AM	#4337
Steiger Confirmed User Industry Role: Join Date: Jan 2005 Location: Cemetery. Diggin' a grave for John Christopher Mallick (2/12/1959 - XXX) R.I.P Posts: 678	got a reply from Michael, Pearl, Larry, Jeffrey and others... all within 1 hour so :-))

09-27-2010, 10:03 AM	#4338
Sextember Registered User Join Date: Feb 2005 Posts: 85	bump....

09-27-2010, 10:07 AM	#4339
MMaster Registered User Industry Role: Join Date: Jun 2004 Posts: 134	Brantley: Gov?t Borrowing Puts National Bank at Risk By Sheena Brooks National Bank, downtown Basseterre Opposition Leader Hon. Mark Brantley says the government?s reliance on the St. Kitts-Nevis-Anguilla National Bank (SKNANB), and others, to finance their borrowing is exposing the banks to great risk. Brantley was at the time addressing a large gathering of businesspersons at the St. Kitts-Nevis Chamber of Industry and Commerce?s 28th Annual Private Sector Banquet, held on Saturday (July 10). According to Brantley, the mounting national debt was hindering the federal government?s ability to borrow from sources outside of the country, resulting in it turning to local banks. ?The IMF Report also highlighted that the surging debt burdens made it more difficult for our government to access foreign loans and as a result, government has turned to the domestic banks and other financial institutions, or the issuance of government debt instruments to finance their borrowing. As a result the IMF tells us that ?gross public sector exposure is high and concentrated in local banks?. Of these local banks, the St. Kitts-Nevis-Anguilla National Bank is the bank of choice for both the federal government and the NIA for much of its domestic debt,? he said. Brantley indicated that this could spell disaster for the SKNANB and other financial institutions should the government not be able to meet its financial obligations to the lending institutions and other creditors. ?This creates a further dimension to the debt crisis in that any risk of default by the government directly impacts the largest financial institution in the country. When we consider that the National Bank is also the primary depository for the Social Security Funds, the potential for difficulty is exacerbated. The domino effect of any such crisis throughout the financial sector in St. Kitts-Nevis is perhaps too frightening to contemplate,? he asserted. Brantley said a government policy of ?borrow and spend? on a wanton basis was the root cause of the approximately $3 billion dollar public debt, and has led to an abysmal 15-year financial record under the Labour administration. ?I regret to say that the fiscal record of St. Kitts and Nevis over the past 15 years has been tragic. Unrestrained borrowing by the government over the last decade and a half has led us to the brink of fiscal ruin. The lack of restraint in borrowing has been exceeded only by the complete absence of restraint in spending. There has been no saving for a rainy day and now that the rains have come, we have been left drowning in an ever surging flood of debt,? the Opposition Leader posited. Main Opposition Party on St. Kitts, People?s Action Movement (PAM), has questioned the financial status of the National Bank, saying failure to produce the audited accounts for 2009 could be an indication that something is amiss. ?Is our National Bank in trouble? The national economy is experiencing significant difficulty and the last thing anyone would like to contemplate is trouble in our largest indigenous bank. It is reported by sources close to the bank that the Annual General Meeting has been postponed without a date set because the auditors have refused to sign off on the accounts that should be made available to shareholders at the AGM. Information is scarce about the precise objections being raised by the auditors, and this lack of information is fueling ever wilder rumors,? a PAM press statement claims. PAM alleges mismanagement of the National Bank?s funds on the part of the government as well as the top echelon of the institution. ?With speculation rife about the status of the National Bank, its own payment policy in December 2009 is coming under intense scrutiny. For Christmas the employees of National Bank, from Sir Edmund Lawrence himself right down to the lowest paid, carried home the equivalent of three (3) months? salary in bonuses and holiday payments. This amounted to a significant expenditure on the part of the bank, while many shareholders are still waiting for their long overdue dividends,? said the statement. Hon. Prime Minister Dr. Denzil Douglas maintains that his administration is committed to reducing public debt, curtailing expenditure, increasing revenue and preserving fiscal stability. He recently highlighted several measures being undertaken to achieve these lofty aspirations, saying: ?The new belt tightening and revenue-generating policies include the introduction of VAT; streamlining of the discretionary tax exemptions, which is expected to yield EC$15.2 million; closing the loopholes in the Duty Free Shopping System to the tune of $7.2 million in revenue; implementing a wage and hiring freeze to save $11.1 million; adjusting the Base Tariff for electricity to yield $14 million; containing expenditure on goods and services which will yield $17 million; prioritizing of the Capital Expenditure program to yield $34.9 million; revising the structure of the Social Services Levy which would yield $8 million; increasing license fees for casinos and implementation of race track fees to yield $500,000; and expanding the Environmental Levy on vehicles to earn $500,000?. Dr. Douglas said the measures have been prepared by the Ministry of Finance and reviewed and supported by the International Monetary Fund (IMF). He also called on citizens and residents to be ?supportive of the efforts of my government?. http://www.thestkittsnevisobserver.c...tley-debt.html __________________ http://adult-traffic.xxxtokens.net/

09-27-2010, 10:14 AM	#4340
tehHinjew Confirmed User Join Date: Sep 2006 Location: MTL Posts: 5,755	how hard is it to take all the money from that bank, then switch it over to a new bank, and then open up the accounts again? Im sure while this is all going on, epass is making a ton in interest from our monies __________________ Hot Porn Wanna trade? email me at wanker (@) wanknation dot com

09-27-2010, 10:50 AM	#4341
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09-27-2010, 10:56 AM	#4342
J. Falcon www.AdultCopywriters.com Industry Role: Join Date: May 2006 Posts: 29,495	Is the bank supposed to make a statement on the 30th? __________________ Adult Copywriters SEO Content for Porn Sites sales at adultcopywriters dot com

09-27-2010, 10:57 AM	#4343
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	statement in motion.

09-27-2010, 11:05 AM	#4345
Sextember Registered User Join Date: Feb 2005 Posts: 85

09-27-2010, 11:07 AM	#4346
sahirr Confirmed User Join Date: Oct 2005 Posts: 213	can't wait huh

09-27-2010, 12:02 PM	#4347
BuddyLee Registered User Join Date: Apr 2003 Location: Hermosa Posts: 8	We are so fcuked!!! LMAO

09-27-2010, 01:23 PM	#4348
mikoleg Confirmed User Industry Role: Join Date: Jun 2008 Posts: 477	a client could not make a simple epass to epass transfer, wtf can it be worse? __________________ BangThemes.com - Adult web design, adult branding, adult premium blog themes. ICQ: 490719967 or support [at] bangthemes.com