When the FDIC published a paper showing how it would have resolved Lehman under Dodd-Frank’s Title II resolution authority, Yves Smith, as is typical anymore, rushed to denounce it as an outrageous fraud, even though it’s painfully obvious that she didn’t read the entire FDIC paper. (It’s equally obvious that she’s never bothered to read Title II.)

I debated whether or not to even respond to Yves’ criticisms of the FDIC paper (see also here), because they’re hardly even worth the time. It’s also clear that Yves is going to believe what she’s going to believe, facts be damned, and that I’m not going to change her mind. So I don’t write this with the expectation that I will persuade Yves that she’s wrong. I just want to correct some of the egregious misinformation. Some of Yves’ criticisms, like the one that relies on an unsubstantiated rumor from friggin’ Zerohedge, are definitely not worth my time.

Criticism #1: Assumes everything is governed by a single, uniform legal framework

No, it doesn’t. The fact that she thinks this just proves that she didn’t read the entire FDIC paper (which was only 19 pages). The FDIC talked about how it would have coordinated with foreign regulators, including the UK’s Financial Services Authority (FSA), and also how it would have dealt with Lehman’s UK broker-dealer subsidiary, known as LBIE. The FDIC clearly stated that it would have structured the deal so that LBIE was also sold to Barclays. (And Barclays had, in fact, agreed to purchase Lehman’s holding company (LBHI), US broker-dealer (LBI), and LBIE, so you can’t argue that this is fantasy.) The FDIC also stated:

“By completing a sale at the time of failure of the parent holding company, the acquirer would have been able to ‘step into the shoes’ of LBHI and provide liquidity, guarantees, or other credit support to the newly acquired subsidiaries. Were the FDIC unable to promptly complete such a transaction, it could provide any necessary liquidity to certain key subsidiaries, such as LBIE, pending a sale of those assets.”
The FDIC is a national regulator, so it doesn’t have the authority to seize foreign subsidiaries, but the FDIC can structure its “purchase and assumption” agreements (P&As) however it damn well pleases. The FDIC is well within its rights to insist that any acquirers of the holding company under a P&A also take a key foreign subsidiary, such as LBIE. Moreover, Barclays’ acquisition of the holding company (LBHI) would have obviated the need for LBIE to file for bankruptcy in the UK, since LBHI funded and backstopped LBIE’s trading obligations.

So the FDIC does not assume a single legal framework; it just assumes that LBIE wouldn’t have to file for bankruptcy in the UK — an assumption which is entirely justified.

Criticism #2: Egregious underestimation of Lehman losses

This is a non-sequitur, and not even a good one. For one thing, Yves confuses creditor claims with creditor losses, so her so-called “gap” analysis is fundamentally flawed. That’s Bankruptcy 101. More importantly, there’s simply no getting around the fact that Barclays had, in fact, agreed to buy Lehman on Sunday, September 14th, if it could leave behind a $62bn pool of “bad assets” (which would’ve been financed by a consortium of Wall Street banks). The fact that Yves thinks that’s a bad deal is irrelevant. It’s perfectly reasonable for the FDIC to assume that Barclays would have agreed to a deal that Barclays had, in fact, agreed to.

Criticism #3: Assumes unrealistic 90 day preparation time

Yves claims that any heightened FDIC presence would have immediately triggered a run on Lehman. This is pure hogwash. First, the FDIC would already have an on-site presence at Lehman under its Title I “resolution plan” authority. And the type of information that the FDIC would be requesting is the exact same information that the FDIC’s normal on-site personnel would be routinely requesting. Second, huge, market-moving information about things like mergers are successfully kept under wraps all the time. It’s not difficult to set up a secure data room and force people to sign draconian NDAs. Surely Yves knows this. If she doesn’t, then, well, that’s another matter entirely. Finally, remember when the news broke back in the summer of 2008 that the New York Fed had on-site examiners at Lehman who were sending daily reports to Geithner and Paulson about Lehman’s liquidity, and the market freaked out? Yeah, neither do I. That’s because the news never broke, and the market never freaked out.

Criticism #4: Assumes a derivative contract termination process out of a parallel universe

This is perhaps the most egregious — and revealing — mistake that Yves makes. It shows just how little she (and Satyajit Das, who she quotes extensively) really know about the resolution authority. Das throws around a lot of fancy terms and describes a lot of scary-sounding problems with derivatives, but his entire analysis is based on the flawed premise that counterparties would have had the right to terminate their derivatives. Let me make this as clear as possible: there would have been no derivative contract termination process for the vast majority of Lehman’s derivatives under the resolution authority. Just like in FDIC resolutions of regular depository institutions, section 210(c)(10)(B) of Dodd-Frank prohibits counterparties from exercising their right to “terminate, liquidate, or net” their derivatives for one day after the FDIC is appointed as the receiver, during which time the FDIC can transfer the failed company’s derivatives to another financial institution. This supersedes the “Automatic Early Termination” clause in the ISDA Master Agreement.

This is exactly what the FDIC describes happening with Lehman: if Yves and Das had bothered to read the entire FDIC report, they’d know that the P&A transactions would have transferred the holding company, the US broker-dealer, and the broker-dealer’s derivatives dealing subsidiaries (LBSF and LBDP) to Barclays. Because these transfers would have occurred simultaneously with the FDIC’s appointment as receiver, the derivatives counterparties would not have had an opportunity to exercise their termination rights. Period. That’s why the FDIC paper didn’t address how termination and set-off rights work in different jurisdictions. Also, Das claims that the FDIC paper includes “no recognition of how collateral held against trades would work.” Again, yes, it does. (Seriously guys, read the paper.) From page 17:
“Lehman’s derivatives trading was conducted almost exclusively in its broker-dealer, LBI, and in LBI’s subsidiaries. As a result, Barclays’ acquisition of the broker-dealer group would have transferred the derivatives operations, together with the related collateral, to Barclays in its entirety as an ongoing operation.”
Finally, Das claims that LBIE was entirely funded by LBHI. I never said that LBIE was entirely funded by LBHI. But it was absolutely, indisputably dependent on LBHI for the vast majority of its day-to-day funding. From the LBIE administrator’s first Witness Statement:
“As part of its global treasury management, the Lehman Group operated a centralised treasury function. Accordingly, LBIE did not have control over bank accounts. Instead, payments were made into and from accounts maintained at group level (that is, at LBHI level). During each trading day, LBHI transferred cash to enable the Lehman Group companies, including LBIE, to meet their cash requirements during that day. The companies within the Lehman Group were therefore reliant upon receipt of that cash from LBHI each day to enable them to meet their obligations.”
That’s about all I can stomach right now. Like I said, I don’t expect Yves to change her mind, or admit that she was wrong. That’s fine. She can believe whatever she wants to believe. I just wanted to demonstrate that her criticisms are baseless and ill-informed. If anyone wants to have a real discussion of the resolution authority, I’m willing. But I’m done responding to criticisms of the Title II resolution authority from people who can’t be bothered to actually read Title II.


Runescape Gold said...

We appreciate you this informative article. That's just about all I can declare. An individual certainly have made this blog in to something. A person plainly understand what what you are doing, you've protected so many bases.Cheers!

Buy Runescape Gold
Runescape Gold for Sale

Anonymous said...

Most of us Buy rs goldget pleasure from you this short article. Which is virtually all I will file. A person undoubtedly made this web site directly into one thing. Somebody obviously know very gw2 goldwell what what you are doing, you've shielded so many facets.Cheers!

Unknown said...

yemek tarifleri
ekol hoca
android market
twitter aç

windows 7 professional product key said...

“Like” and “comment” buttons are appropriate there in the bottom left corner, but it is windows key shop possible to just as effortlessly double-tap to like a post. Tap and hold a photo in Cover Feed and it'll zoom out so you may see the full image. Let go and the photo windows 7 product keyzooms back in and takes up the screen. Swiping left and suitable for distinct updates is quick and smooth.

Jojo said...

In order to show the respect for Cenarius, Hippogryphs swear loyalty to Night Elf in guild wars 2 gold. Now Hippogryphs often patrol in the sky of North Kalimdor, searching for any malicious intruders. During the war, Sentinel shooters had once ridden these noble creatures runescape money to fight.

nana said...

Bill Gates makes $500,000 a year. That's all. I make more than him. That's all he makes but he's worth 40 billion. I'm trying to tell you there is a very big difference between income, money and wealth. So I have spent my life buying assets, businesses, stocks, real estate, that’s what makes you rich, not a job. The reason the rich in America get richer is they pass this on to their kids. My poor dad always said, “High paying job, high paying job, high paying job.” And my rich dad said, “Assets, assets, assets.” That's the difference.

GW2 Gold
Diablo 3 Gold
cilck here

Anonymous said...

Once Diablo III launched last year and the first StarCraft II expansion in March, the millions of wow gold fans of Blizzard Entertainment anxiously awaited news about Project Titan, the upcoming massively multiplayer online role-playing game from the company that popularized the genre with World of Warcraft. Famous for its secrecy and delay their projects months FIFA 13 coins

Unknown said...

It is amazing posting and incredible work, It has suitable information, I presently wanted to say that you have really so motivating and very informative post. Thanks for wonderful posting
tips cara agar cepat hamil l CARA BELAJAR BAHASA INGGRIS l the best acne treatment l how to lose weight fast easy
margahayuland l BELAJAR BISNIS ONLINE l tips cepat hamil l how to get rid of acne home remedies l
home remedies for acne l how to cure acne fast l
baju batik modern l toko sepatu online l grosir jam tangan online l
jual jam tangan l toko jam tangan murah peluang usaha online l is acne no more for you l how to get rid of acne naturally
how to clear acne l cure acne naturally
best natural remedies for acne l acne no more l tempat belajar bisnis online
peluang usaha rumahan l cara mendapatkan uang dari internet
makanan sehat agar cepat hamil l penyebab tidak bisa hamil lcara agar cepat hamil


The fdic is broke.

Trần Duy Thuận said...

Trần Duy Thuận Blog đang cần nhận gia công tại nhà. Ai có cần người nhận gia công tại nhà tphcm liên hệ mình nhé. Truy cập vào đặt vé máy bay giá rẻ vietjet để có thêm kinh nghiệm khi đi máy bay nhé.

manhkha said...

Kênh thông tin mua bán nhà đất tại Việt Nam , nếu bạn muốn mua hay bán nhà đất thì chỉ cần vào đây , chúng tôi sẽ cho mọi người biết về tin của bạn, mua ban nha dat, nhà đất hcm, nhà đất quận gò vấp, nhà đất quận thủ đức, nhà đất quận tân phú, nha dat quan 9 . Còn chần chờ gì nữa , hãy đăng tin mua bán nhà đất nhanh nhanh .

mua thuoc tot said...

Bạn muốn giải độc gan ? Hãy sử dụng thuốc giải độc gan tốt nhất sẽ giúp bạn có được một là gan khỏe mạnh .Hãy giúp đôi mắt trỡ nên sáng khỏe bằng những thực phẩm tốt cho mắt và làm mắt sáng nhưng lại rất an toàn.Collagen có nhiều trong các thực phẩm chứa nhiều collagen , uống collagen lúc nào là tốt nhất , giúp chống lão hóa da và da đẹp hơn. Khó ngủ gây ảnh hưởng rất lớn đến cuộc sống . thức ăn bổ não tăng cường trí nhớ, Vậy khó ngủ phải làm sao, thoai hoa dot song co uong thuoc gi , Sau khi ngủ đủ giấc mà hay buồn ngủ là triệu chứng của bệnh gì , đó có thể là triệu chứng của bệnh mà bạn đang gặp phải.

chăm sóc sức khỏe said...

Bị khó ngủ là vấn đề đang xảy ra ngày càng nhiều trong xã hội ngày nay, bị khó ngủ phải làm sao ? Có nhiều cách trị khó ngủ như dùng thuốc , ăn món ăn trị khó ngủ ,.. Giảm cân không phải một sớm một chiều mà phải theo lộ trình dài hạn và khoa học , thực đơn giảm cân trong 1 tuần cũng là một trong số các cách giúp giảm cân hiệu quả. Trên thị trường hiện nay có nhiềuthuốc giải độc gan tốt , giúp giải độc gan hiệu quả và an toàn. Đau mắt đỏ là bệnh rất dể lây lan , vậy cách chữa đau mắt đỏ nhanh nhất bằng nhiều phương pháp khác nhau . Bỏng bô xe máy là hiệu tượng gặp nhiều nhất hiện , vậy bị bỏng bô xe máy kiêng gì ? Những thực phẩm nên kiêng như hải sản , đồ tanh , trứng và các món gà và nếp ,...

Unknown said...

Sở hữu gương mặt nhẵn mịn sau khi cạo râu giúp phái mạnh ghi điểm trong mắt người khác, tuy nhiên vẫn còn nhiều quý ông có sai lầm thường mắc phải khi cạo râu để lại những vết sẹo không đáng có.

Unknown said...

obat kemaluan keluar nanah atau gonore obat kemaluan keluar nanah atau gonore obat gonore alami obat untuk menghilangkan kutil di kelamin pengobatan jenis kutil kelamin obat alat kelamin keluar cairan nanah obat cairan nanah keluar dari alat kelamin mengapa kencing perih dan keluar nanah mengapa nanah keluar dari kemaluan cara mengobati kutil di area penis ujung kemaluan keluar nanah di sertai perih saat kencing ujung kemaluan keluar nanah di sertai perih saat kencing ujung kemaluan keluar nanah di sertai perih saat kencing ujung kemaluan keluar nanah di sertai perih saat kencing ujung kemaluan keluar nanah di sertai perih saat kencing kemaluan lelaki keluar cairan nanah obat apotik kencing nanah apa penyebab kemaluan keluar nanah penyebab kemaluan laki laki keluar nanah zakar lelaki keluar nanah obat wasir tradisional paling ampuh obat wasir herbal apotik obat ambeien tradisional

Unknown said...

obat kemaluan keluar nanah atau gonore obat kemaluan keluar nanah atau gonore obat gonore alami obat untuk menghilangkan kutil di kelamin pengobatan jenis kutil kelamin obat alat kelamin keluar cairan nanah obat cairan nanah keluar dari alat kelamin mengapa kencing perih dan keluar nanah mengapa nanah keluar dari kemaluan cara mengobati kutil di area penis ujung kemaluan keluar nanah di sertai perih saat kencing ujung kemaluan keluar nanah di sertai perih saat kencing ujung kemaluan keluar nanah di sertai perih saat kencing ujung kemaluan keluar nanah di sertai perih saat kencing ujung kemaluan keluar nanah di sertai perih saat kencing kemaluan lelaki keluar cairan nanah obat apotik kencing nanah apa penyebab kemaluan keluar nanah penyebab kemaluan laki laki keluar nanah zakar lelaki keluar nanah obat wasir tradisional paling ampuh obat wasir herbal apotik obat ambeien tradisional

Anonymous said...

I think reading the article on the web that is very useful especially in this website:
AgaricPro Obat Ambeien Obat Asam Urat Obat Asma Obat Batu Ginjal Obat Batuk Darah Obat Darah Rendah Obat Darah Tinggi Obat Ganguan Seksual Obat Ginjal Obat Hematuria Obat Hepatitis Obat Hernia Obat Herpes Obat Insomnia Obat Jantung Obat Hernia Obat Darah Tinggi Obat Penyakit Stroke Obat Kencing Darah Obat Kista Atau Miom Obat Kolesterol Obat Komplikasi Obat Kurang Darah Obat Lemah Syahwat Obat Liver Obat Maag Obat Migren Obat Paru-paru Obat Rematik Obat Sakit Gigi Obat Sesak Nafas Obat Sinusitis Obat Stamina Obat Stroke Obat Usus Buntu Obat Vertigo

Unknown said...

شات بنات مصر
شات بنات مصر
شات مصرى
شات مصرى
شات مصري
بنات مصر

شات مصر
شات مصرية

شات مصرى
شات بنات مصر
شات مصرى
بنات مصر
شات مصرى
شات بنات
شات مصر
شات مصرية

شات مصرية
شات مصريه

شات بنات مصر

Obat Diabetes said...

Cara Menyuburkan Kandungan
Cara Menyembuhkan Kelenjar Tiroid
Jual Obat Mata Minus
Cara Menyembukan Penyakit Tbc
Pengobatan Sinusitis
Cara Menyembuhkan Paru Paru Basah
Cara Menyembuhkan kanker paru paru
Cara Menyembuhkan Asam Lambung
Khasiat Jelly Gamat
Cara Menyembuhkan Ejakulasi Dini
Cara Menyembuhkan Mata Minus
Khasiat Ace Maxs
Cara Menyembuhkan Polip
Cara Menyembuhkan Batuk Darah
Pengobatan Asam Herbal Alami
Pengobatan Strole Herbal
Pengobatan Penyakit Kulit
Jelly Gamat Gold G Sea Cucumber
Jual Obat Kuat Tradisional
Cara Mengobati Asam Urat Secara Alami
Obat Jantung Koroner
Obat Sinusitis Herbal
Cara Menurunkan kolesterol
Ginanjar herbal Online Store
Agen Glucoberry Dan Glucocola
Obat Diabetes

Unknown said...

Togel Online Singapore
Togel Online Hongkong
Bandar Togel Singapore
Bandar Togel
Togel Online Terpercaya
Bandar Togel Online Terpercaya
Togel Online
Agen Togel Online Terpercaya
Agen Togel Online

Unknown said...

Jual obat herbal de nature asli untuk berbagai penyakit kelamin dan sebagainya
Obat Wasir Herbal
Obat Wasir Herbal Mujarab
Obat Wasir Herbal Ampuh
Obat Wasir Herbal Pada Pria
Obat Wasir Herbal Di Apotik
Cara Mengobati Wasir Stadium 4
Cara Mengobati Wasir Stadium 4 Tanpa Operasi
Cara Mengatasi Wasir Stadium 4
Cara Penyembuhan Wasir Stadium 4
Cara Mengobati Ambeien Stadium 4 Secara Alami
Cara Pengobatan Wasir Stadium 4
Cara Pengobatan Ambeien Stadium 4
Cara Mengobati Wasir Stadium 3 Dan 4
Cara Mengobati Wasir Stadium 3
Cara Mengobati Wasir Stadium 3 Secara Alami
Obat Wasir Herbal Apotik
Obat Wasir Herbal Untuk Ibu Hamil
Obat Wasir Herbal Terdaftar Bpom
Obat Wasir Herbal Untuk Ibu Menyusui
Obat Wasir Herbal Bandung
Cara Mengobati Wasir Stadium 3 Dan 4
Cara Mengatasi Wasir Stadium 3
Cara Mengobati Ambeien Stadium 3 Tanpa Operasi
Cara Menyembuhkan Wasir Stadium 3
Cara Mengatasi Ambeien Stadium 3
Cara Alami Mengobati Wasir Stadium 3
Cara Mengobati Ambeien Stadium 3 Secara Alami
Obat Wasir Herbal Manjur
Obat Wasir Herbal Semarang
Obat Wasir Herbalife
Obat Wasir Herbal Jogja
Obat Herbal Wasir Berdarah
Obat Herbal Wasir Dalam
Obat Herbal Wasir Akut
Obat Herbal Wasir Stadium 4
Obat Herbal Wasir Terpercaya
Obat Herbal Wasir Stadium 3
Obat Herbal Wasir Internal
Obat Wasir Herbal Alami

Poker99 said...

Ayo Bergabung Bersama kami di
Proses Deposit / Withdraw Super Cepat Dan,
Didukung Oleh Costumer Service Kami Yang Ramah.
Kami Juga menyediakan berbagai macam game dalam 1 ID :
- Poker
- Capsa
- Ceme
- Q- Kick
- Ceme Keliling Dan
- Live Poker
Banyak Bonus Dan Jackpot yang akan menanti anda
kami Juga memberikan bonus Seperti
- Bonus New member 10%
- Bonus Turnover 0.5% Dan
- Bonus Refferal 20%
Tunggu apa lagi Gan.. !!
Buruan Daftar diri anda di
Anda juga bisa Hubungi CS kami :
- Skype : Pokersemi
- Yahoo : Pokersemi
- Twitter : Pokersemi
- Facebook : Pokersemi

Poker Terpercaya
Agen Domino
Agen Domino Terpercaya
Judi Poker
Judi Poker Online

Unknown said...

Lempok durian adalah salah satu harga lempok pontianak kuliner tradisional Kalimantan barat seperti dodol yang terbuat dari durian. jual lempok durian jakarta Jajanan satu ini sangat terkenal dan bisa kita temukan di berbagai kota di Kalimantan barat, terutama di Pontianak. Lempok durian ini awalnya merupakan pemanfaatan daging durian jual lempok durian murah yang melimpah saat musim panen di Pontianak, sehingga di buat suatu aneka jual lempok durian online makanan untuk pemanfaatan dari daging durian tersebut agar tidak terbuang sia – sia. Seiring dengan perkembangannya, jual lempok pontianak Lempok mulai berkembang dan menjadi salah satu makanan khas di Kalimantan barat.

Bayi merupakan anugerah yang paling di tunggu cara pakai gendongan bayi hanaroo tunggu kehadirannya bagi semua pasangan suami istri. Wajar saja ketika buah hati sudah terlahir, harga hanaroo baby wrap kedua orang tua ingin memberikan yang terbaik untuk anaknya. Semua kebutuhan selalu ingin di penuhi orang tua baik kebutuhan fisik maupun psikis. harga gendongan hanaroo Berbagai kebutuhan bayi di penuhi untuk menunjang kehidupan bayi mulai dari hal besar sampai hal kecil seperti gendongan bayi. Mungkin banyak orang menyepelekan gendongan bayi dan harga gendongan bayi hanaroo menggantikan gendongan bayi dengan kain atau dengan tangan kosong. Padahal gendongan bayi sangatlah penting untuk bayi, hanaroo baby wrap surabaya bayi dapat lebih nyaman di gendong dan tidak akan berbahaya untuk anak anak.

Selain sajian kue dan makanan enak jual sambal online, Manado juga mempunyai satu sajian spesial berupa sambal roa khas Manado sambal roa di jakarta selatan. Sambal dengan perpaduan suwiran daging ikan roa panggan yang dihaluskan dan disangrai kemudian dicampur dengan tumisan bumbu hlasu khas sambal roa beserta pelengkap bahan lainnya ini memang terasa begitu spesial harga sambal roa kemasan. Ditambah nikmatnya daging ikan roa dalam sajian sambal ini membuat rasa sedapnya tidak ada duanya jual sambal roa asli manado. Kesimpulannya adalah anda wajib mencoba sajian sambal nikmat yang satu ini jual sambal roa surabaya.

Unknown said...

Izin share Informasi Obat bintik merah gatal dan menyebar Roberto Carlos Obat tulang ekor sakit saat haid Zidane Obat nyeri tumit Totti Obat tetanus Buffon Obat pegal linu di tangan De Gea Obat luka lambung Ronaldinho Obat benjolan di leher sebelah kanan Ibrahimovic Obat benjolan di punggung tangan kanan dan kiri Rooney Obat gatal alergi kulit Kaka Obat luka jahitan yang bernanah Ozil Thank you...


Thank you for your support who has read our article. I'm very happy if you can share our article below

Obat Untuk Kulit Mengelupas
Obat Penurun Kolestrol
Obat Untuk Gatal Bernanah
Cara Meredakan Nyeri Punggung
Obat Diare Paling Ampuh
Pengobatan Gondongan Pada Anak

Sehat Secara Alami said...

Thank you very much for sharing this very useful information, I am very happy to have found this information that I have been looking for
obat sakit payudara dan bengkak
cara mengobati botulisme
obat anemia alami
cara menghilangkan varises di kaki dan paha
obat benjolan di leher sebelah kanan
cara mengobati sakit kerumut pada anak
cara menghilangkan benjolan seperti bisul di ketiak

Jisoo Blackpink said...

This is such a great resource that you are providing and you give it away for free. I love seeing websites that understand the value of providing a quality resource for free. It is the old what goes around comes around routine

risa herbal
penyebab sakit pinggang
obat penyakit mata glaukoma
obat gagal ginjal
obat penebalan dinding rahim
obat penghancur kanker
obat varikokel

Siti Solihah said...

The post is written in very a good manner and it contains many useful information for me. Thank you very useful information admin, and pardon me permission to share articles here may help :

obat benjolan di bawah rahang
obat amandel bengkak
obat benjolan di ketiak
obat tumor ginjal
obat lambung bocor
obat borok di kepala

Pengobatan Alami Paling Ampuh said...

Thank you very much for sharing this very useful information, I am very happy to have found the information I was looking for. Once again, thank you so much.
cara menghilangkan cenang
cara mengatasi penebalan dinding rahim
cara menghilangkan benjolan seperti bisul di ketiak
cara mengobati luka lecet pada kemaluan wanita
cara mengobati impetigo pada anak
cara menyembuhkan fistula ani

karthik said...

apps for pc

ppsspp for pc laptops

utorrent for pc laptops

garageband for pc laptops

icloud for pc

Sehat Bersama Herbal said...

Thank you very much for sharing this very useful information, I am very happy to have found the information I was looking for. Once again, thank you so much.
obat sakit tulang ekor akibat jatuh
cara mengobati abses gigi
cara mengobati otitis eksterna
cara mengobati penyakit gula basah
cara menghilangkan benjolan di mulut rahim
cara menyembuhkan fistula ani

Pengobatan Alami Terbaik said...

Thank you very much for sharing this very useful information, I am very happy to have found the information I was looking for. Once again, thank you so much.
obat untuk mengatasi nyeri lutut
obat prostat bengkak alami
cara mengobati otitis eksterna
cara mengobati tulang fibula patah
cara menghilangkan benjolan di mulut
cara mengobati neuropati perifer

Sehat Mata said...

Thank you very much for sharing this very useful information, I am very happy to have found the information I was looking for. Once again, thank you so much.
cara mengobati muntaber
cara mengatasi anafilaksis
cara menyembuhkan luka jahitan yang terbuka
cara mengempeskan leher yang bengkak
cara menghilangkan sakit kepala kliyengan
cara mengobati pitted keratolysis
cara mengobati keputihan disertai sakit pinggang dan perut
obat alami pengapuran otak

Cara Mengobati Pengapuran Otak said...

Thank you very much for sharing this very useful information, I am very happy to have found the information I was looking for. Once again, thank you so much.
cara alami untuk mengobati uci uci
obat tradisional penyakit graves
cara mengatasi mastitis
cara mengatasi rahang bengkak
pengobatan bidai tulang kering
tanaman herbal untuk mengurangi mata minus dan mata plus
obat alami otitis eksterna
obat alami pengapuran otak
cara memperbaiki mata ptosis

Bandar Poker Terpercaya said...

The article on this site is very interesting, thank you
Selamat datang di LENOVOPOKER™ Top 1 Judi Online
Promo Terbaru LENOVOPOKER :
- Bonus New Member Depo +20%
- Bonus All Member Next Depo +5%
- Bonus All Member Refferal 30%
- Bonus All Member Rollingan 0.5%
Contact : BBM : LENOVO88
WA : +6281375260652
Agen Domino 99
Bandar Poker
Agen Ceme
Bandar Ceme
Judi Poker Terpercaya

Obat Sakit Pinggang said...

Cara Mengatasi Nyeri Dada
Obat Herbal Alami
Obat Dada Sakit Saat Batuk
Obat Kaki Rayapan
Obat Sakit Pinggang
Obat Batuk Alergi Anak
Obat Sakit Pinggang
Obat Abses Payudara
Obat Ganglion

Obat Sakit Pinggang said...

Hatur nhun ah anjeun tos ngijinan ka simkuring komentar di dieu

Obat Gagal Jantung
Obat Syaraf Kejepit
Obat Syaraf Kejepit
Cara Mengobati Nyeri Dada
Obat Sakit Pinggang
Obat Herbal Alami

Zihan Amelia said...

All my life just wants to be with you at all times. Throughout my life, I begged you to leave me

Cara Mengobati Penyakit Batu Empedu
Cara Menurunkan Kadar Gula Darah
Obat Penyumbatan Tuba Falopi
Obat Jerawat Batu
Cara Menyembuhkan Gatal Di Penis

Video Teraveloka said...

IDNLIVE Freechips Promo Idul Adha Rp 250.000 Tanpa Deposit

- Periode Pendaftaran 1 Juli - 30 Juli 2020
- Modal Awal Rp 5.000,-

• Withdraw Rp 100.000 + Rp 10.000 = Total Rp 110.000
• Withdraw Rp 150.000 + Rp 25.000 = Total Rp 175.000
• Withdraw Rp 200.000 + Rp 50.000 = Total Rp 250.000

+ Bonus Tambahan Dibagikan Tanggal 31 Juli 2020

Syarat & Ketentuan :
• Terdaftar di bulan JULI 2020.
• Menggunakan data yang benar.
• Tidak berlaku kesamaan NAMA REK /NO REK /IP ADDRESS /NO WHATSAPP.
• Setelah withdraw, silahkan konfirmasi kembali untuk claim bonus tambahan.
• Wajib konfirmasi untuk claim setiap bonus ini.
• Withdraw berbeda tanggal dengan tanggal claim, dianggap hangus.
• Claim bonus hanya via whatsapp (+62819-1005-3031).
• Jika Terjadi Kecurangan, Maka Admin Berhak Untuk Tindak Tegas.
• Keputusan Admin S1288POKER Bersifat Mutlak.

NB : Jika Syarat diatas sudah dipenuhi, Silahkan ditunggu dengan tertib dan etika baik hingga batas waktu pembagian bonus yang sudah ditentukan. Kami akan berikan informasi berhasil/gagal via Whatsapp yang sudah di cantumkan saat Konfirmasi "Claim Bonus". Terima Kasih.

(Claim Freechip Disini...)


nanna888 said...

Football betting and watching live football for free From quality gambling websites 928betYou can choose which type is suitable for fun and worthwhile rewards.

burkkevin said...

Fantastic blog i have never ever read this type of amazing information. Han Solo Empire Strikes Back Jacket

Jobi said...

I really appreciate the kind of topics you post here. Thanks for sharing us a great information that is actually helpful.
michael jackson letterman jacket

mrbobystone said...

Hi , Thank you so much for writing such an informational blog. For more information Click on Naruto Anbu Jacket

eddielydon said...

This is the best post I have ever seen. Very clear and simple. Mid-portion Is quite interesting though. Keep doing this. I will visit your site again. Captain America Varsity Jacket

George Mark said...

Nice post. Thank you to provide us this useful information. Eurovision Leather Jacket

Jobi Johnson said...

I must say that you are my favourite author. You always bring surprised things for me everytime I see your articles. Great efforts!! Yellowstone Season 03 John Dutton Vest

Roadrunner Account Is not Receiving Email said...

Thank you for the information and updates. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts. I am searching for this topic and I get exact post.

کد آهنگ پیشواز همراه اول said...

Very Interesting Post, thanks for sharing

christian said...

thanks for sharing Chris Hemsworth Thunder Vest