Surething wrote:Banks may present convincing arguments as to why the interest rates on loans are so high in this market, but model collapses when they start trying to justify why they pay so little interest on deposits, it can't be explained away by 'risk'or 'cost'. Any new regulatory regime comes with some level of pain, I am old enough to remember the short to medium term chaos occasioned by the Michuki rules, but at the end equilibrium was attained, it will also happen in this case.
Comparing Banking/Finance/The economy with matatu business are we?
And Michuki just came up with rules. There are numerous of those in Banking and Finance.
Opus Dei must be very frustrated. One of his first actions was to reverse the higher capital requirements to ensure that small banks don't collapse or be forced into mergers and acquisitions. Good luck with the new law!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.