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Law Capping interest rates
Rank: Member Joined: 1/31/2007 Posts: 303
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researchfirst wrote:Metasploit wrote:If the jumbo volumes on the banking stocks are not taken by cod,I will be very afraid.
If they will be taken,I will be a buyer next week.
There is absolutely ZERO way these volumes clear today. Who is going to buy 47 million shares of KCB, for example? No serious investor, by this I mean institutional or high networth, is buying bank stocks in a long time.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Why are banks in the red, the narrative pre-signing was that they could still make their billions lending to the govt  Anyway, if I had bank stocks, I would not sell before the dust settles. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Jambo Wanjiku. Habari ndiyo hiiNever count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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Maichblack that is not bad news for Wanjiku, it is great great news This is like telling a cocaine addict that the supplier has refused to give any more cocaine because the police have been arresting them. These loans at 45% were plain evil. It's good to see that the shylocks have also realised that what they were doing was evil. For Wanjiku who used to borrow with his TV to buy some clothes for gashungwa, don't fret. You can now sell the TV and not be called a defaulter by these shylocks. These banks and their narratives. I want them to stop lending kabisa. I don't even know why they still have banking halls. They should just shut themselves down, tuone. Cocaine is a very bad drug, and these msuruaris at 75% per annum and TV loans at 45% were terrible for the economy. An economy where shylocks became rich on the gullability of Wanjiku. Every drug addict some day finds Jesus and stops talking to the dealer. Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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alma1 wrote:Maichblack that is not bad news for Wanjiku, it is great great news This is like telling a cocaine addict that the supplier has refused to give any more cocaine because the police have been arresting them. These loans at 45% were plain evil. It's good to see that the shylocks have also realised that what they were doing was evil. For Wanjiku who used to borrow with his TV to buy some clothes for gashungwa, don't fret. You can now sell the TV and not be called a defaulter by these shylocks. These banks and their narratives. I want them to stop lending kabisa. I don't even know why they still have banking halls. They should just shut themselves down, tuone. Cocaine is a very bad drug, and these msuruaris at 75% per annum and TV loans at 45% were terrible for the economy. An economy where shylocks became rich on the gullability of Wanjiku. Every drug addict some day finds Jesus and stops talking to the dealer. The supplier was supplying refined cocaine... Now the addict who is still addicted by the way has to opt for some nastier crack cocaine.. The addicts journey to the grave will materialize much faster now  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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guru267 wrote:alma1 wrote:Maichblack that is not bad news for Wanjiku, it is great great news This is like telling a cocaine addict that the supplier has refused to give any more cocaine because the police have been arresting them. These loans at 45% were plain evil. It's good to see that the shylocks have also realised that what they were doing was evil. For Wanjiku who used to borrow with his TV to buy some clothes for gashungwa, don't fret. You can now sell the TV and not be called a defaulter by these shylocks. These banks and their narratives. I want them to stop lending kabisa. I don't even know why they still have banking halls. They should just shut themselves down, tuone. Cocaine is a very bad drug, and these msuruaris at 75% per annum and TV loans at 45% were terrible for the economy. An economy where shylocks became rich on the gullability of Wanjiku. Every drug addict some day finds Jesus and stops talking to the dealer. The supplier was supplying refined cocaine... Now the addict who is still addicted by the way has to opt for some nastier crack cocaine.. The addicts journey to the grave will materialize much faster now So said the coke dealer who just lost his territory...Jesus doesn't want drug dealers in heaven...Take that to the bank! Pun intended. Thieves are not good people. Tumeelewana?
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Rank: Member Joined: 9/17/2006 Posts: 94
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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alma1 wrote:guru267 wrote:alma1 wrote:Maichblack that is not bad news for Wanjiku, it is great great news This is like telling a cocaine addict that the supplier has refused to give any more cocaine because the police have been arresting them. These loans at 45% were plain evil. It's good to see that the shylocks have also realised that what they were doing was evil. For Wanjiku who used to borrow with his TV to buy some clothes for gashungwa, don't fret. You can now sell the TV and not be called a defaulter by these shylocks. These banks and their narratives. I want them to stop lending kabisa. I don't even know why they still have banking halls. They should just shut themselves down, tuone. Cocaine is a very bad drug, and these msuruaris at 75% per annum and TV loans at 45% were terrible for the economy. An economy where shylocks became rich on the gullability of Wanjiku. Every drug addict some day finds Jesus and stops talking to the dealer. The supplier was supplying refined cocaine... Now the addict who is still addicted by the way has to opt for some nastier crack cocaine.. The addicts journey to the grave will materialize much faster now So said the coke dealer who just lost his territory...Jesus doesn't want drug dealers in heaven...Take that to the bank! Pun intended. Which pun??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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If am not wrong CBK had scheduled to hold its MPC meeting in Sept. I strongly believe CBR will be reviewed upwards. Hii maneno ya 14.5% is simply not workable.
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Rank: Member Joined: 2/20/2007 Posts: 767
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Gadaffi wrote:If am not wrong CBK had scheduled to hold its MPC meeting in Sept. I strongly believe CBR will be reviewed upwards. Hii maneno ya 14.5% is simply not workable. The interest rate spread remains the same. Govt cannot afford to shoot itself in the foot. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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Gadaffi wrote:If am not wrong CBK had scheduled to hold its MPC meeting in Sept. I strongly believe CBR will be reviewed upwards. Hii maneno ya 14.5% is simply not workable. What are you trying to say? That CBR's are adjusted up or down depending on the profitability of Kenyan banks? If that's the case, then the fellow should just go back to Upus Dei. Yaani these fellows, they forget we saw 9% with Kibaki so hizi owongo zao can't wash anymore. Thieves are not good people. Tumeelewana?
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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 possunt quia posse videntur
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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alma1 wrote:Gadaffi wrote:If am not wrong CBK had scheduled to hold its MPC meeting in Sept. I strongly believe CBR will be reviewed upwards. Hii maneno ya 14.5% is simply not workable. What are you trying to say? That CBR's are adjusted up or down depending on the profitability of Kenyan banks? If that's the case, then the fellow should just go back to Upus Dei. Yaani these fellows, they forget we saw 9% with Kibaki so hizi owongo zao can't wash anymore. Effects of excessive govt debt being felt. If that interest rate falls downwards without any strong fundamental economic changes, the exchange rate will experience a bloodbath also. Wacha tungoje pesa ya oil sasa to cushion this govt with excessive govt debt
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Ndombolo ya Solo! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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watesh wrote:alma1 wrote:Gadaffi wrote:If am not wrong CBK had scheduled to hold its MPC meeting in Sept. I strongly believe CBR will be reviewed upwards. Hii maneno ya 14.5% is simply not workable. What are you trying to say? That CBR's are adjusted up or down depending on the profitability of Kenyan banks? If that's the case, then the fellow should just go back to Upus Dei. Yaani these fellows, they forget we saw 9% with Kibaki so hizi owongo zao can't wash anymore. Effects of excessive govt debt being felt. If that interest rate falls downwards without any strong fundamental economic changes, the exchange rate will experience a bloodbath also. Wacha tungoje pesa ya oil sasa to cushion this govt with excessive govt debt Totally agree with you on this one. The reason the rates are high is simply because this gov't can't stop borrowing. It's that simple. But with banks on their side, things were just worse. Now since banks are not, maybe just maybe, something can be done that is effective. Right now gov't is very excited, if banks start closing down loans to Wanjiku, Uhuru will just say these banks are theives. wanjiku will not want to ask the hard questions. But I'm a believer in harsh punishment even for Wanjiku, probably next time they'll vote wisely. I can already see the Wanjikus in the blue section may not wake up at 4am in the morning next time. But in the meantime, let the drug dealers be dealt with....AFter tough times for Wanjiku the next 12 months, maybe, just maybe, even this gov't shall change its ways....but I really doubt Wanjiku can understand all this logic.... Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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hidden surbotage expected "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Job losses coming up. Those account/loan hawkers better start looking for other jobs "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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Rank: New-farer Joined: 10/3/2014 Posts: 20
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guru267 wrote:Impunity wrote:murchr wrote:mikanjoroge wrote:I have a question. Will this law affect those who already had loans, or is it only for new loans from the date of "operationalization" or "gazettement" of the law? Old loans remain unless you refinance He can top up his old loans under new terms. Interesting times indeed. Imagine having taken a 2M loan at 21% pa, after 2 years top it up under new rate, 14%pa.  Try it out.. Top up declined pap! unless you double up on the security and increase your income to instalment ratio. Stop fear mongering, if you signed an agreement for a variable interest loan, why wont 14.5% apply? If they have been effecting the increase why not lower it now? People will go to court
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Rank: Member Joined: 1/31/2007 Posts: 303
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murchr wrote:Job losses coming up. Those account/loan hawkers better start looking for other jobs During the Narc government the banking industry was one the biggest creator of jobs.Sadly in this regime we shall be witnessing massive layoffs as banks try to regain their footing.
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