Wamunyota wrote:So in his wisdom our able president ignored expert advice in enacting the bill on capping the interest rates.He chose votes over economic stability.He did not want to start conflicts with the MPs after shadow boxing them to join the jubilee party.He chose the easy route.The more popular route.The economy is now completely f***ed.The banks have already lost 47BIRRION In their value.
The economic meltdown has started.The popularity politics he was protecting will come back to bite his ass.
His only hope is now for Raila to run for president so that they can tell us about how Raila cannot be president.
This is a big fraud.My kalocal cannot buy more stocks because the banks are no longer offering unsecured loans.He cannot but a tuktuk because the loan on motor vehicles have been freezed.
The economic credit crunch have started.The exchange rate to the dollar is going back to 115.He can as well vote for himself.
Sasa tutakura raha aje kama kakuna pesa?
Wamunyota: This 'sky is falling' scare mongering is getting a little old.
So bank stocks have tanked and foreign speculation capital is leaving the country, to which I say good riddance. Can you tell me exactly how this is likely affecting mama mboga?
Don't confuse the whining of a long pampered elite with the majority, many of whom have no investments on the stock market and would not dream of a bank loan, even at 14%.
By daring the banks Uhuru has made a political master stroke that will cement his chances of electoral success and long term will benefit the economy.
Finally we have recently seen even more stringent regulation of banks (including interest rates) in US, Europe etc following the 2008 bank led economic collapse. The sky has yet to fall. Get over yourselves.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)