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Bank of Africa Kenya sinks into loss territory
FRM2011
#41 Posted : Saturday, April 09, 2016 7:00:50 PM
Rank: Elder


Joined: 11/5/2010
Posts: 2,459
As someone is blaming social media here, just know that traditional media has lost its mantle to the new media long time.

During the imperial bank crisis a blogger going by the name @owaah, did the most comprehensive write-up on the subject matter.

Right now people are requesting him to do the same for chase bank. Some of his followers on Twitter include prof. Mbithi (uon vc) frank ireri (hf ceo), knbs, nbk and many many bigwigs.

Between Wednesday and Thursday, a hitherto unknown Twitter user @manwamagoma broke down the chase bank fraud in a series of 100 tweets. Funny thing, he is neither a banker, economist or finance specialist but even Dr. David Ndii thought his was the most comprehensive piece. Btw he discovered the theft started in 2012 from published accounts. On Wed morning he had 1000 followers, today-5000. Again, all the bigwigs are following him.

Now when terryanne chebet and that chidzuga girl attempted to jump into the chase bank debate, KOT literally chased them away and exposed their shallow grasp of financial matters.

The world is changing people. Continue blaming social media.
watesh
#42 Posted : Saturday, April 09, 2016 7:06:13 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
heri wrote:
The Great wrote:
I believe in buying assets with your entire income then borrowing heavily to eat while the assets pay up. When the financial industry crashes eg chase you get a repayments holiday while your counterparts ponder suicide.


what happens to loan repayments in the case of imperial bank and Chase bank? i thought you will be expected to continue paying up your loans unless the bank is closed.

You may not pay for a while till they give directions on how to do it and how to recover the security you gave for the loan.
murchr
#43 Posted : Saturday, April 09, 2016 8:15:27 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
FRM2011 wrote:
As someone is blaming social media here, just know that traditional media has lost its mantle to the new media long time.

During the imperial bank crisis a blogger going by the name @owaah, did the most comprehensive write-up on the subject matter.

Right now people are requesting him to do the same for chase bank. Some of his followers on Twitter include prof. Mbithi (uon vc) frank ireri (hf ceo), knbs, nbk and many many bigwigs.

Between Wednesday and Thursday, a hitherto unknown Twitter user @manwamagoma broke down the chase bank fraud in a series of 100 tweets. Funny thing, he is neither a banker, economist or finance specialist but even Dr. David Ndii thought his was the most comprehensive piece. Btw he discovered the theft started in 2012 from published accounts. On Wed morning he had 1000 followers, today-5000. Again, all the bigwigs are following him.

Now when terryanne chebet and that chidzuga girl attempted to jump into the chase bank debate, KOT literally chased them away and exposed their shallow grasp of financial matters.

The world is changing people. Continue blaming social media.


The likes of Ndii and Mbithi are human too and people love juicy rumors
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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