[quote=hisah]ABS (Asset backed securities) to become a reality in KE. Oh dear

Now I understand the NSE name change & its new indices at global markets. Why would a bank want to lend more than it can cover? Why should they be permitted to run such a ponzi? These ABS & SPV blackhole products are the reason we're stuck in 2008 4yrs later...
http://www.businessdaily...4/-/g08hcj/-/index.html[/quote]
@hisah,when i read that article,i could not believe somebody would want to introduce ABS here ,do they ever learn from events elsewhere or are they just out to rip off gullible Kenyans who would be sucked into buying into such.