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ddsimiyu
#1 Posted : Sunday, April 12, 2009 6:36:00 AM
Rank: Member


Joined: 1/8/2007
Posts: 116
Location: Kampala
If Equity gave loans with security,then that contravenes the banking act. If they considered Safaricom as security then by all reasons,they should pay 1000/- for freezing & 1000/- for vice verser. You received a letter from a bove isn't it?.

Desiderious
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VituVingiSana
#2 Posted : Sunday, April 12, 2009 9:20:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
ddsimiyu said:

'If Equity gave loans with security,then that contravenes the banking act.'
*** My questions/answers/comments: Then 95% of loans in Kenya contravene the Banking Act. Your statement means that the world's banking system is stupid to ask for security. Kweli... Where do you get such smart ideas?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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