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Law Capping interest rates
Rank: Elder Joined: 7/22/2009 Posts: 7,910
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mlennyma wrote:MaichBlack wrote:mlennyma wrote:mlennyma wrote:This can be a raila policy, i will be shocked if it can still be uhuru's policy as well. tinga pushing hard for the signing as i had predicted @mlennyma - Hii ni socialism ama ni Communism? People DEMANDING to benefit from other people (not government's) resources!!! Some people might kill free enterprise/businesses if given a chance. communism and laziness,you must sell your mangoes the way you want even if they rot for lack of buyers they are yours,I even suggest raila would tame the green elephant given the presidency Exactly @mlennyma! Very soon some "intelligent" fellow will suggest controlling the prices of fruits, milk, vegetables etc. because they are basic needs. And soon after that there will be no Fruits, milk, vegetables etc. in any shop, kiosk etc. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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And by the way, the government has tried on the issue of affordable financing by providing cheaper alternatives - Women fund, Youth fund, Cheap loans to akina @Obiero and other civil servants etc. As this are scaled up and corruption reduced, demand and supply pressures might force banks to reduce lending rates. The next thing the government should do is deal with Ponzi scheme/Pyramid scheme kind of investments in the country. Let us get to a point whereby you can trust any investment avenue in Kenya > 98% because government organs will be doing their vetting job seriously and ensuring everything being advertised out there or operating out there is clean. That way, Kenyans will feel safe to invest their money in all these possible vehicles instead of parking it in the banks. The banks would then be forced to offer them better rates to keep their money there! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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The President really has no powers...worst he can do is send it back to parliament indicating his reservations but if there is a 2/3 majority vote, welcome to the new world of capped interest rates.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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watesh wrote:The President really has no powers...worst he can do is send it back to parliament indicating his reservations but if there is a 2/3 majority vote, welcome to the new world of capped interest rates. 2/3 should rule!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MaichBlack wrote:mlennyma wrote:MaichBlack wrote:mlennyma wrote:mlennyma wrote:This can be a raila policy, i will be shocked if it can still be uhuru's policy as well. tinga pushing hard for the signing as i had predicted @mlennyma - Hii ni socialism ama ni Communism? People DEMANDING to benefit from other people (not government's) resources!!! Some people might kill free enterprise/businesses if given a chance. communism and laziness,you must sell your mangoes the way you want even if they rot for lack of buyers they are yours,I even suggest raila would tame the green elephant given the presidency Exactly @mlennyma! Very soon some "intelligent" fellow will suggest controlling the prices of fruits, milk, vegetables etc. because they are basic needs. And soon after that there will be no Fruits, milk, vegetables etc. in any shop, kiosk etc. Thought its Duale who said he will not rest till this thing is passed? possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Duale is an individual who can't be trusted Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:Duale is an individual who can't be trusted Majority Leader Aden Duale and Minority Deputy Leader Jakoyo Midiwo led the House in endorsing the radical bill. They slammed Central Bank of Kenya Governor Patrick Njoroge for what they termed as sleeping on the job as commercial banks 'run rogue'. Duale turned the heat on Njoroge, whom he said had failed to invoke his powers to rein in the banks. "Low interest rates were one of the issues the Jubilee government promised. It was also in the CORD manifesto. People have been asking why the rates are not coming down. On this, we are ready to go the full hog and even raise the two-thirds majority to defeat any presidential veto," he added. possunt quia posse videntur
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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From where will they get 2/3??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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maka wrote:MaichBlack wrote:mlennyma wrote:MaichBlack wrote:mlennyma wrote:mlennyma wrote:This can be a raila policy, i will be shocked if it can still be uhuru's policy as well. tinga pushing hard for the signing as i had predicted @mlennyma - Hii ni socialism ama ni Communism? People DEMANDING to benefit from other people (not government's) resources!!! Some people might kill free enterprise/businesses if given a chance. communism and laziness,you must sell your mangoes the way you want even if they rot for lack of buyers they are yours,I even suggest raila would tame the green elephant given the presidency Exactly @mlennyma! Very soon some "intelligent" fellow will suggest controlling the prices of fruits, milk, vegetables etc. because they are basic needs. And soon after that there will be no Fruits, milk, vegetables etc. in any shop, kiosk etc. Thought its Duale who said he will not rest till this thing is passed? I am not aware but Duale is not someone I would exactly trust with the Kenyan economy!!! And politicians will say anything to please the electorate. And that is one of the problems with Kenyan politics. You can't even tell what most politicians stand for. In the US for example they know who will increase taxes for which group and reduce for which group. Who will enhance social welfare programmes and who will cut down etc. Kenya ni pang'ang'a tu! It depends with what your so called principal says for whatever reason or who is paying top dollar or what resonates with your electorate etc. And your stand can change conveniently any time - a number of times!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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MaichBlack wrote:maka wrote:MaichBlack wrote:mlennyma wrote:MaichBlack wrote:mlennyma wrote:mlennyma wrote:This can be a raila policy, i will be shocked if it can still be uhuru's policy as well. tinga pushing hard for the signing as i had predicted @mlennyma - Hii ni socialism ama ni Communism? People DEMANDING to benefit from other people (not government's) resources!!! Some people might kill free enterprise/businesses if given a chance. communism and laziness,you must sell your mangoes the way you want even if they rot for lack of buyers they are yours,I even suggest raila would tame the green elephant given the presidency Exactly @mlennyma! Very soon some "intelligent" fellow will suggest controlling the prices of fruits, milk, vegetables etc. because they are basic needs. And soon after that there will be no Fruits, milk, vegetables etc. in any shop, kiosk etc. Thought its Duale who said he will not rest till this thing is passed? I am not aware but Duale is not someone I would exactly trust with the Kenyan economy!!! And politicians will say anything to please the electorate. And that is one of the problems with Kenyan politics. You can't even tell what most politicians stand for. In the US for example they know who will increase taxes for which group and reduce for which group. Who will enhance social welfare programmes and who will cut down etc. Kenya ni pang'ang'a tu! It depends with what your so called principal says for whatever reason or who is paying top dollar or what resonates with your electorate etc. And your stand can change conveniently any time - a number of times!!! Ha ha now that baba is pushing for signing ,there is no way UK will sign it just because baba is pushing .he is suspecting witch hunt hapo .instead it will be sent back for ammendment to buy more time ...
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Law Capping interest rates
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