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Big banks to blame??
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guru267
#61 Posted : Thursday, June 23, 2011 7:47:25 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Cde Monomotapa wrote:
The addiction to events rather than processes on Wazua truly dis-heartens me Sad


Events run the market in the short term not processes
Mark 12:29
Deuteronomy 4:16
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BGL
#62 Posted : Thursday, June 23, 2011 7:55:43 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
*Ujinga* in high defination is listening to Gwasi MP, John Mbadi on why his allowances should not be taxed!!!!
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Horton
#63 Posted : Thursday, June 23, 2011 8:07:15 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
drake wrote:
Totally random, but look what I found on the BOT's website:

http://www.bot-tz.org/Ad...ts/2009-Jun-29-Jobs.pdf

Hiring a security guard....scroll down to "Specific Job Requirements" for a good laugh..




hehehe i needed a good laugh thanx
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erifloss
#64 Posted : Thursday, June 23, 2011 8:39:48 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
We are in a capitalist economy & when the bank i've invested in gives good returns, i'm happy no matter how they made it. Problem=regulator & not the banks. We borrow at over 13% & earn a mere 1% on deposits & we are still charged for the same. If the regulator wants they can go the China way or let us be.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Cde Monomotapa
#65 Posted : Thursday, June 23, 2011 9:02:25 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
erifloss wrote:
We are in a capitalist economy & when the bank i've invested in gives good returns, i'm happy no matter how they made it. Problem=regulator & not the banks. We borrow at over 13% & earn a mere 1% on deposits & we are still charged for the same. If the regulator wants they can go the China way or let us be.

The day u'll wake up & find the doors to ur bank closed u will regret ur words. An example, which isn't about financial failure but when were deep in PEV...ATMs went dry, banks were closed...that's where de-regulation of banks will lead us.
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Cde Monomotapa
#66 Posted : Thursday, June 23, 2011 9:04:12 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
Cde Monomotapa wrote:
The addiction to events rather than processes on Wazua truly dis-heartens me Sad


Events run the market in the short term not processes

Discernment is a gift.
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tassia
#67 Posted : Thursday, June 23, 2011 9:21:14 PM
Rank: Member

Joined: 4/25/2011
Posts: 368
Location: Nairobi
Cde Monomotapa wrote:
The article is on Capital FMs website. Says KCB, BBK, SCBK, CFC & CBA are the largest forex dealing banks. Ati EBL? Tihihi...large forex for what? Waru?


I am not an insider but I do not see how CITIBANK is not considered as a large forex dealer. Most International NGO's bank with this bank and forex transactions are huge.
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the deal
#68 Posted : Thursday, June 23, 2011 11:28:47 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Some of @Cde comments on Wazua would make Mugabe of Zimbabwe a Proud Mansmile Applause Applause
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jmbada
#69 Posted : Friday, June 24, 2011 12:09:10 AM
Rank: Member

Joined: 1/1/2011
Posts: 396
Cde Monomotapa wrote:
Arbitrage in the FX Market => 1. Four large banks have been noted to be holding very large overseas positions. 2. These positions do not seem to reflect trading fundamentals. 3. This type of exposure will put pressure on the exchange rate. 4. Their positions are largely associated with their group companies overseas. 5. WE WILL RESTRICT THEM FROM ANY ARBITRAGE USING THE DOMESTIC CURRENCY. (excerpt from Governor's speech) @Funky..our suspected culprits have been +vely Identified!!

There is NO SUCH THING as "fundamentals" in the FX markets!
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Cde Monomotapa
#70 Posted : Friday, June 24, 2011 3:32:43 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Some of @Cde comments on Wazua would make Mugabe of Zimbabwe a Proud Mansmile Applause Applause

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