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Law Capping interest rates
githundi
#271 Posted : Friday, August 12, 2016 7:01:00 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
This bill if signed the way it's will lead to financial turmoil. ..
1. The death of small banks or how do you expect them to borrow at 15% and lend at 14%
Democracy does not belong to the dead
githundi
#272 Posted : Friday, August 12, 2016 7:02:51 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
2. Economic contraction. ..Credit is what facilitates economic expansion, a slow down on the same. ..?
Democracy does not belong to the dead
githundi
#273 Posted : Friday, August 12, 2016 7:05:21 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
3.These wanjikus who think they will benefit from low rates will be shocked to find out they will in first instance not qualify for a loan
Democracy does not belong to the dead
githundi
#274 Posted : Friday, August 12, 2016 7:07:08 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
4. Investors in capital market. .blood will be on the streets as the valuation of banks will drastically reduce. .
Democracy does not belong to the dead
githundi
#275 Posted : Friday, August 12, 2016 7:08:51 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
5. For pensioners, it will simply be negative returns for pension schemes for the foreseeable future
Democracy does not belong to the dead
githundi
#276 Posted : Friday, August 12, 2016 7:11:41 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
6. Joblessness. ..With less customers to lend to. ..There shall be increased job cuts. .The banks will likely increase lending to government
Democracy does not belong to the dead
githundi
#277 Posted : Friday, August 12, 2016 7:13:59 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
And so only a mad man can sign the bill the way it is...I foresee ammendments to balance the interests of bank borrowers and the banks
Democracy does not belong to the dead
enyands
#278 Posted : Friday, August 12, 2016 7:51:52 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
@Githundi these are nice points . The man is walking on a tight rope .I'm wondering where @MaichBlack went to. Now here is my take ;

If he ascends and bows to pressure to append the signature, wanjikus will be happy for a short, but assured of votes 2017, hence prolonged presidency

Now if he choses not to do anything, he will be seen as someone who doesn't connect with wanjiku ,understand their plight ,hence it will give babuon a chemical weapon for campaign.

So option kamwana has: resend the bill back to mpigs for ammendment and also propose they look at the mou from banks and come up with a consensus.With this,2 birds will be destroyed with one bullet ,
1 The rates will come lower hence wanjiku gets happy(I don't know how lower the rates will go)

2 the banks will get their way hence not punish the economy either intentionally or unintentionally

I'm for the consensus option.i feel pain of people losing businesses because of skyrocketed rates overnight ,and I feel bad if the economy gets messed up,the ripple effect is huge.

Things to note :

I don't know why this pigs are sensitive with this bill when they are almost out of job .Joe donde tried 1 or 2 years to elections .don't know if this is a way for them to survive once 90% of them loose their jobs.

No gun holder can shoot their own foot with their own gun . Impossible and it will never happen.

mlennyma
#279 Posted : Friday, August 12, 2016 7:53:59 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
githundi wrote:
3.These wanjikus who think they will benefit from low rates will be shocked to find out they will in first instance not qualify for a loan

i can see how bitter you feel breaking your points a post after the other instead of a single script,how about earning more interest on deposits?
"Don't let the fear of losing be greater than the excitement of winning."
enyands
#280 Posted : Friday, August 12, 2016 7:56:04 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
mlennyma wrote:
githundi wrote:
3.These wanjikus who think they will benefit from low rates will be shocked to find out they will in first instance not qualify for a loan

i can see how bitter you feel breaking your points a post after the other instead of a single script,how about earning more interest on deposits?



Laughing out loudly Laughing out loudly .that's cold mlennyma, very cold Laughing out loudly
303 Pages«<2627282930>»
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