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mukiha		#1 Posted : Wednesday, April 08, 2009 1:56:00 PM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		I had posted something on this yesterday but somehow it disappeared from archives. Anyway; I expected better...I was disappointed...I think there will be some serious cost-cutting announced soon....including staff cuts Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Mainat		#2 Posted : Wednesday, April 08, 2009 5:17:00 PM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		I am not sure why you are disappointed. CFC is a universal bank. brokerage-volumes went through the floor in the 2nd half and I don't think CFC did all the well out of Safcom Insurance-just look at PanAfrica another insurer overindulges in investments. PEV didn't help. Universal banking models tend to suffer during a recession unless they have heavyweights in all the various businesses. www.mjengakenya.blogspot.com Sehemu ndio nyumba
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