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Dan Azzi

31 Oct, 6 tweets, 2 min read

https://twitter.com/dan_azzi/status/1322496334801309697

Junior, middle, & even senior bank employee: This tweet is for you. Your salary has been decimated. Your retirement plan (Daman) destroyed. They’re firing a whole bunch of you. Think about it. Why are you still protecting those who destroyed your career?

https://twitter.com/dan_azzi/status/1322496334801309697

Revolution isn’t only about crowds in the streets shouting “Kellon yi3ni Killon” & sprayed with pepper gas. Revolution is also about exposing the corruption in the system, each according to his or her access. Much more powerful & effective. Start with petty acts of defiance.

One transaction you’ve witnessed might seem unimportant. But the collective information of all the transactions exposes the corruption in the system right down to its core.

“The only thing necessary for the triumph of evil is for good men to do nothing.” ― Edmund Burke

We asked for Capital Controls Law for a year. They gave themselves & friends & family a whole year to escape at the expense of average person. They will probably pass the law sometime around 18 months late. Least that can be done now is to expose those who benefited from delay.

Revolutions can also be virtual.

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More from @dan_azzi

Dan Azzi

@dan_azzi

2 Nov

@lebaneselollar

Banks now offering service matching clients with accounts selling #Lollar for real $, in return for a commission, of course. Some of the first clients taking advantage of this service were managers & affiliated companies (i.e: insiders)
@lebaneselollar @LebaneseLira #DanPonzi

This is like the good old days when you used to convert $ to Lira or Lira to $ at a bank, in return for a commission (or bid-offer spread) except now they’re converting $ to Lollar or Lollar to $. This is OFFICIALLY recognizing that there are two forms of $ currencies in Lebanon.

+acknowledging that one of the currencies is worth way less than the other, in other words, a voluntary haircut. The fact that insiders (meaning people who know more than the average guy) are doing it, is de facto recognition of the loss & that the money ain’t never coming back.

Read 4 tweets

Dan Azzi

@dan_azzi

28 Sep

This thread is pure fiction & any similarities between actual people or events is purely coincidental: ABL terminates Houlihan Lokey because, being the professionals that they are, truthfully state they can’t achieve ABL objectives of no bail-in or losing most of their shares.

Instead, they hire GSA who bullshits them & tells them what they want to hear. They arrange meetings in France to lobby the French government about their point of view, thinking they’d be as easy to manipulate as the Lebanese media & MPs.

Result: The French go from neutrality / silence to their president publicly declaring to the world that the Lebanese banking sector is a Ponzi Scheme. Congratulations. I think you should distribute performance bonuses to GSA & whoever hired them.

Read 5 tweets

Dan Azzi

@dan_azzi

26 Aug

Some insurance companies started paying claims for the Aug 4 Explosion. They’re paying #Lollar checks even though they received real $ in their claims to the reinsurance companies overseas.

The objective of this tweet isn’t to attack insurance companies, who are also trying to survive in this difficult environment, but to identify that there’s a coverage gap that’s popped up, & needs to be addressed, by educating consumers and ...

... and maybe designing new voluntary* policies, with higher premium, but appropriate coverage for items requiring importation, like car parts.

* client can choose to stay on old policy in Lollar or pegged Lira or go to new one in real $ or Lira market rate.

Read 4 tweets