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nilesobek

(1,423 posts)

12. The banks will pay the deposit

Reply to dipsydoodle (Original post)

Wed May 7, 2014, 03:05 AM

May 2014

I predict. Its amusing watching the Ruskies clamp down on western choke points like this.

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Highlight:

Russia demands $3.8bn security deposit from Visa and Mastercard [View all] dipsydoodle May 2014 OP

The "invisible hand" gets nailed. n/t jtuck004 May 2014 #1

Not exactly, but whatever makes you happy, I guess. nt EmilyAnne May 2014 #3

How do you say boo hoo? Jesus Malverde May 2014 #2

Cute davidpdx May 2014 #29

Really? I think it's Cha May 2014 #36

Well then again I'm in Korea so I'm used to the kind of over exaggerated gestures davidpdx May 2014 #49

do you happen to be Russian? you have this great love for mother Russia- snooper2 May 2014 #32

Just looking for my peace dividend... Jesus Malverde May 2014 #54

Yeah totally he must be a commie, you better shove some freedom Vodka down his throat... Obnoxious_One May 2014 #55

Financial chess....gotta love it. dixiegrrrrl May 2014 #4

Russian economy is going to tank The Second Stone May 2014 #5

The amount of time it will take to simply design the system will have a huge effect on EmilyAnne May 2014 #6

Nobody gives a hoot about the Ukraine, nobody knows where it is The Second Stone May 2014 #8

Pretty much. Which is sad for a whole different set of reasons. nt EmilyAnne May 2014 #9

And think of the hacking opportunities.... Erich Bloodaxe BSN May 2014 #51

Goodbye! DeSwiss May 2014 #40

"I'm king of the world!" Major Hogwash May 2014 #7

This new system will be used by the oligarchs to launder money. joshcryer May 2014 #10

my guess is the vast majority of the people are scared steve2470 May 2014 #13

I'd love to visit sometime - TBF May 2014 #23

Like they have a choice, josh.. but, here we have the net putinistias cheering on the Cha May 2014 #37

Umm... yeahhh... not happening. Fearless May 2014 #11

The banks will pay the deposit nilesobek May 2014 #12

They can hand over control to Russia and not pay the deposit. joshcryer May 2014 #14

Its a deposit covering 2 days of transactions dipsydoodle May 2014 #16

From the point of view of the accountants, it's a fee. joshcryer May 2014 #18

That is likely what the Russians are up to anyway davidpdx May 2014 #31

Indeed. DeSwiss May 2014 #41

I await the Snowden/Greenwald outrage on this...it makes money-laundering msanthrope May 2014 #15

$3.5billion? melm00se May 2014 #17

Visa and MC should Putin to get fucked. Adrahil May 2014 #19

Fuck the EU, Fuck Russia ... soon there will be nobody left to fuck /nt jakeXT May 2014 #20

So you advise paying this ridiculous deposit? Why? NT Adrahil May 2014 #21

Credit card companies referred to have no choice. dipsydoodle May 2014 #22

Are You Suggesting Credit Card Companies Make 700% Interest Yearly, Sir? The Magistrate May 2014 #24

No dipsydoodle May 2014 #25

Fair Enough, Sir The Magistrate May 2014 #26

Interest is monthly on liability, not daily on transaction. joshcryer May 2014 #34

If He Is Refering To the Charge On Transactions, Sir, The Figure Makes Sense The Magistrate May 2014 #35

No way they collect $14 billion in fees but only clear $750 million. joshcryer May 2014 #44

I Have No Idea, Sir, What the Actual Net From Russian Operations Is The Magistrate May 2014 #45

The assessment fee is 0.11%. joshcryer May 2014 #46

Thank You, Sir The Magistrate May 2014 #47

Sample link which provides details of charges here. dipsydoodle May 2014 #48

Interesting, Sir The Magistrate May 2014 #52

You're focusing on merchant fees. joshcryer May 2014 #53

Ya know, some things are more important than profit. NT Adrahil May 2014 #30

You ignore the other conditions: karynnj May 2014 #33

I Agree It Would Be Hard For the Companies To Go Along With This, Ma'am The Magistrate May 2014 #38

^^^thread win^^^ Jesus Malverde May 2014 #50

Wake up. n/t DeSwiss May 2014 #42

My mom's already on it. Jesus Malverde May 2014 #59

Snowjob reccomends Putin use Bitcoin. tridim May 2014 #27

Snowjob! Bwhahahaha!!! OMG that's so funny! OMG! I hate him more already! Obnoxious_One May 2014 #57

"the Russian magazine Snob reported" jberryhill May 2014 #28

''...Putin signed a law on Monday to create a rival national payment system.'' DeSwiss May 2014 #39

That new system is going to make the Healthcare.gov launch look immaculate. /nt Ash_F May 2014 #43

Sounds pretty fair to me, I hope Russia is succesful with their cashless transaction system. Obnoxious_One May 2014 #56

The language of Russia mystifies me polynomial May 2014 #58