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Chase Bank loss...another case of cooking the books?

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TheGeek		#121 Posted : Thursday, April 07, 2016 9:25:46 AM
Rank: Member Joined: 7/3/2014 Posts: 245		which others ? In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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wa P		#122 Posted : Thursday, April 07, 2016 9:28:11 AM
Rank: Member Joined: 5/26/2009 Posts: 326 Location: Nairobi		alma1 wrote: maka wrote: alotoftalk wrote: alma1 wrote: This bank was brought down by chocho media harlots eg Nyakundi. When will Kenyan companies learn that they need reputation managers online to deal with such rumors. Not the usual PR companies or social media companies. Hardcore reputation managers who can as Impunity said "send sperm" to competitors? Very sad indeed. Not only PR but also a blackhat who can hack such bloggers before things get out of hand. There is a bigger issue in this matter... Maka call me paranoid but I think this bank was going to survive. It's not the first time that a board has resigned because of poor results. It's supposed to happen that way. It's not the first time that loses have been made. This bank just went topsy turvy when chocho media rumors went on overdrive. Some of the posts were simply "I have withdrawn my money from the bank" I don't care which bank you are, if you don't nip such upus quickly, you shall not meet your liquidity ratio in the evening. Unless you are saying there's a guy who's going to court soon for robing the depositors. If your business attracts flies, it stinks. Do not blame the flies (social media). How can you ignorantly refuse to compare: 1. their Q3 results 2. Full 2015 Results 3. The restated position yesterday. Social media did not make deloitte give them a 'qualified opinion' (although, i will believe that when i see it) Social media did not make Kabue and Khan guy to resign. There are couple other banks that will not pass smell test still. I think its not over until a bigger bank (tier 1) has danced.
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Forester		#123 Posted : Thursday, April 07, 2016 9:30:29 AM
Rank: Member Joined: 12/7/2010 Posts: 520 Location: Epicentre - Ngamia 1		Where are all these employees going to be absorbed? KQ - 600 layoffs, Dubai, Imperial, Chase Group, Uchumi...? Life can really stink sometimes. Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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alma1		#124 Posted : Thursday, April 07, 2016 9:31:15 AM
Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo		Impunity wrote: Much Know wrote: alma1 wrote: This bank was brought down by chocho media harlots eg Nyakundi. Do these bloggers pay you to post their names here? This story broke on wazua long before, impunity and kularaha gave the main leads FOR FREE, this nyakundi bugger would have run to blackmail chasebank and ask for money to stay silent, you have a habit of "hyping" and giving your ring of "bloggers" undue credit hii ndio kazi yaa seo, to come to wazua to give marks to useless bloggers particularly when you see many people and guests online here, start yapping and marketing fraudsters and blackmailers here? Do you get a cut of this blackmail money? peleka hii upuzi yako kwa bloggers and stay where you find them...wazua has it's own credible sources!!! Please don't mention those crooks here again!!!! @alma must have lost a fortune with this Chase clampdown! We can only feel sore for him, at the most lol I lost a fortune there, no doubt. My analysis has nothing to do with the analysis on wazua. The analysis by our estimed blue section was on point and stayed on relevant economic news. Not scare mongering. What happened here on the other hand was a run on the bank. Please read this headline Chase Bank Facing Imminent Collapse, Move Your Money Asap! http://cnyakundi.com/201...e-move-your-money-asap/ It was sent to everyone I know. There is economic data and every company has bad days. Every company on earth. However, running on a bank is not an every day occurence. And if you trust the CBK governor as you claim you do, he has clearly explained what happened in the receivership notice. Thieves are not good people. Tumeelewana?
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Impunity		#125 Posted : Thursday, April 07, 2016 9:32:01 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		wa P wrote: alma1 wrote: maka wrote: alotoftalk wrote: alma1 wrote: This bank was brought down by chocho media harlots eg Nyakundi. When will Kenyan companies learn that they need reputation managers online to deal with such rumors. Not the usual PR companies or social media companies. Hardcore reputation managers who can as Impunity said "send sperm" to competitors? Very sad indeed. Not only PR but also a blackhat who can hack such bloggers before things get out of hand. There is a bigger issue in this matter... Maka call me paranoid but I think this bank was going to survive. It's not the first time that a board has resigned because of poor results. It's supposed to happen that way. It's not the first time that loses have been made. This bank just went topsy turvy when chocho media rumors went on overdrive. Some of the posts were simply "I have withdrawn my money from the bank" I don't care which bank you are, if you don't nip such upus quickly, you shall not meet your liquidity ratio in the evening. Unless you are saying there's a guy who's going to court soon for robing the depositors. If your business attracts flies, it stinks. Do not blame the flies (social media). How can you ignorantly refuse to compare: 1. their Q3 results 2. Full 2015 Results 3. The restated position yesterday. Social media did not make deloitte give them a 'qualified opinion' (although, i will believe that when i see it) Social media did not make Kabue and Khan guy to resign. There are couple other banks that will not pass smell test still. I think its not over until a bigger bank (tier 1) has danced. And this could be #member! Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Much Know		#126 Posted : Thursday, April 07, 2016 9:32:01 AM
Rank: Elder Joined: 12/6/2008 Posts: 3,579		Impunity wrote: Much Know wrote: alma1 wrote: This bank was brought down by chocho media harlots eg Nyakundi. Do these bloggers pay you to post their names here? This story broke on wazua long before, impunity and kularaha gave the main leads FOR FREE, this nyakundi bugger would have run to blackmail chasebank and ask for money to stay silent, you have a habit of "hyping" and giving your ring of "bloggers" undue credit hii ndio kazi yaa seo, to come to wazua to give marks to useless bloggers particularly when you see many people and guests online here, start yapping and marketing fraudsters and blackmailers here? Do you get a cut of this blackmail money? peleka hii upuzi yako kwa bloggers and stay where you find them...wazua has it's own credible sources!!! Please don't mention those crooks here again!!!! @alma must have lost a fortune with this Chase clampdown! We can only feel sore for him, at the most @kularaha opened his questions about cooking books by chase over a week ago on this thread, what was he waiting for to run, ama alikua ana blog? Sasa ni makelele na kuwhine? If you can't take such a lead, unafanya nini wazua?? Ras Kienyeji Man
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wal6807		#127 Posted : Thursday, April 07, 2016 9:34:25 AM
Rank: Member Joined: 5/4/2011 Posts: 116		Someone advise if thought clients with money market accounts are protected Through CMA.? "Children today are tyrants. They contradict their parents, gobble their food, and tyrannize their teachers." •Socrates (470?-399 BC)
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TheGeek		#128 Posted : Thursday, April 07, 2016 9:37:26 AM
Rank: Member Joined: 7/3/2014 Posts: 245		Impunity wrote: wa P wrote: alma1 wrote: maka wrote: alotoftalk wrote: alma1 wrote: This bank was brought down by chocho media harlots eg Nyakundi. When will Kenyan companies learn that they need reputation managers online to deal with such rumors. Not the usual PR companies or social media companies. Hardcore reputation managers who can as Impunity said "send sperm" to competitors? Very sad indeed. Not only PR but also a blackhat who can hack such bloggers before things get out of hand. There is a bigger issue in this matter... Maka call me paranoid but I think this bank was going to survive. It's not the first time that a board has resigned because of poor results. It's supposed to happen that way. It's not the first time that loses have been made. This bank just went topsy turvy when chocho media rumors went on overdrive. Some of the posts were simply "I have withdrawn my money from the bank" I don't care which bank you are, if you don't nip such upus quickly, you shall not meet your liquidity ratio in the evening. Unless you are saying there's a guy who's going to court soon for robing the depositors. If your business attracts flies, it stinks. Do not blame the flies (social media). How can you ignorantly refuse to compare: 1. their Q3 results 2. Full 2015 Results 3. The restated position yesterday. Social media did not make deloitte give them a 'qualified opinion' (although, i will believe that when i see it) Social media did not make Kabue and Khan guy to resign. There are couple other banks that will not pass smell test still. I think its not over until a bigger bank (tier 1) has danced. And this could be #member! Too big to fail. In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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alotoftalk		#129 Posted : Thursday, April 07, 2016 9:38:02 AM
Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare		A good time to read this to understand if this is systemic and may be the start of what may be dominoes crashing. http://www.cenbank.org/O...FORWARD_FINAL_260210.PDF Investment philosophy development in progress...
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maka		#130 Posted : Thursday, April 07, 2016 9:41:06 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		TheGeek wrote: Impunity wrote: wa P wrote: alma1 wrote: maka wrote: alotoftalk wrote: alma1 wrote: This bank was brought down by chocho media harlots eg Nyakundi. When will Kenyan companies learn that they need reputation managers online to deal with such rumors. Not the usual PR companies or social media companies. Hardcore reputation managers who can as Impunity said "send sperm" to competitors? Very sad indeed. Not only PR but also a blackhat who can hack such bloggers before things get out of hand. There is a bigger issue in this matter... Maka call me paranoid but I think this bank was going to survive. It's not the first time that a board has resigned because of poor results. It's supposed to happen that way. It's not the first time that loses have been made. This bank just went topsy turvy when chocho media rumors went on overdrive. Some of the posts were simply "I have withdrawn my money from the bank" I don't care which bank you are, if you don't nip such upus quickly, you shall not meet your liquidity ratio in the evening. Unless you are saying there's a guy who's going to court soon for robing the depositors. If your business attracts flies, it stinks. Do not blame the flies (social media). How can you ignorantly refuse to compare: 1. their Q3 results 2. Full 2015 Results 3. The restated position yesterday. Social media did not make deloitte give them a 'qualified opinion' (although, i will believe that when i see it) Social media did not make Kabue and Khan guy to resign. There are couple other banks that will not pass smell test still. I think its not over until a bigger bank (tier 1) has danced. And this could be #member! Too big to fail. There is nothing like that in this environment.... possunt quia posse videntur
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