Wazua
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Law Capping interest rates
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MaichBlack wrote:sparkly wrote:obiero wrote:MaichBlack wrote:obiero wrote:muandiwambeu wrote:Ebenyo wrote:obiero wrote:I told you guys to sell off bank stocks in 2014. Luckily made it out of some major holdings in good time..
but a big percent of your portfolio is still in banks!
so, what do you expect to be a fair hair cut on obieros portfolio as a result of kamwanaas house attempt to please Wanjiku. what will be the overall industries' hit in percentage. my fair guess from my lender's perspective
(16-14.5)/(16*0.5)*100=18.75% conservetively
thieves.
COOP & HF will come out strongest in this.. Too little meat to be bitten out from the two. Plus HF has never been strong on deposits being only licensed to have current accounts a few months ago!! HF will have the least interest expense of all listed lenders
Hey @Obiero. Bill not signed. And please note I did not put the word 'yet' at the end.
Its bound to be signed on Monday 29th Aug 2016
The bankers will visit statehouse with big brown envelop and this story will be forgotten.
I like how people replace basic economics with conspiracy theories.
But at least, conspiracy theories can be as simple as you want them to be. Oh, big brown envelope. Oh, he owns a bank. Oh, bla bla bla. Why tax your brain with economics?
Rent-seeking is not a conspiracy theory my brother @maich. It is the reality. How else do you think people who earn KShs 2m salary, have never run a business still manage to donate KShs 100m per month in harambees and spend KShs 5B in electioneering campaigns? Life is short. Live passionately.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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murchr wrote:obiero wrote:sparkly wrote:alma1 wrote:You know on this particular thread, the only person who's been honest is Maichblack.
The next person was Liv...Unfortunately by stating the truth, they stated the obvious...It's the gov'ts fault. Ipso facto, it's Uhuru. When you tell Liv and Murchr, Uhuru, these people start wetting their beds
Yet, facts are like Itumbi says, facts.
Now in Kenya when you say Uhuru, guys either start crapping or clapping. Depending...Just like the Donald Trump games...
The fact is Gov't is borrowing tooooo maaaash.
Rates have got to go up!!!!!!
Capping interest rates shall never happen in Kenya. Not when this CBK governor is alive. It shall never happen. Obiero pole. But it shall never happen!!!!
And it's a good thing it never happens because I believe in markets..I believe in water finding its own course.
Yet!!!!!!!!!
The Kenyan banks are just shylocks.
So as much as I'm capitalist, these people have to be stopped from stealing.
As Njunge said, next year we can reform that bill.
Lakini as it stands
Uhuru shall not sign it
Parliament shall be given money and Mpigs shall disappear from the floor
Wanjiku is still screwed because Murchr has another Konza project he's thinking about.
The people making your rates go up are right here on Wazua. Someone has to "lease" their car.
Tafakari hayo kaka.
People weaned on Thatchernomics have too much belief in privatisation and free markets.
Need to wake up to the fact that Thatchernomics failed, hence Brexit, Trumpism etc.
Govt controls are a necessary evil to maintain sanity in any market.
Even the CBR, KBRR are control mechanisms. UK via the LIBOR also avails a guide to sane rates. Current borrowing rates in the country are simply criminal. Whether this is caused by heavy domestic borrowing by the government is debatable
Hypocrites - hate govt control on fuel prices but want interest rate control in banks. Its simple. this is just a control of who can borrow. If you don't qualify to borrow at 14%, you'll simply be locked out. Banks will simply lend that extra to infrastructure projects.
Different ideas from different people.
Proving what I'm saying
Uhuru shall not and will never sign that bill
Obiero and Wanjiku want it signed
Excuses are many...Too many
There's only one reason
Gov't is borrowing money even in the kiosk next door.
That is Uhuru's legacy...Not Kameme
The President who made Kenyans borrow even from the chainese...
You can't run away from that...Uhuru's gov't shall and does borrow money even from the poor.
Ipso facto your interest rates rise..Right now.
Usually this happens after 5 years in logical countries. But in Uhurus gov't its happening now.
It's like getting a credit card from barclays today...The card has a 90 day repayment rate. Lakini, you are so busy in buying "projects" the 90 days are over...
Now you are paying for 90 days plus interest.
It's not the banks fault...Its Uhuru borrowing like this money belongs to him.....
Uhuru Kenyatta shall never sign this bill.
You as the f***ed up business person paying 30% shall go line up yourself and you kids in 2017 to vote for him.
Then you shall blame Raila for not being not a luo.
And you wonder why we love Trump as Africans.
Now arrest me!
Pathetic and illogical. Totally pathetic. the gov't hiring an MP to bring an emotional issue yet they know they are the cause of the problem.
Maichblack is the only logical person on this forum
Simply because he's told you the math.....The rest of us are just waiting to see what Pauline Wanjiru and Robert Alai are posting on this issue...
The gov't can't borrow willy nilly and the rest of the human race expects lower interest rates. By the way, are the stadiums in the Jubilee manifesto part of the interest or I'm I a Raira follower.
Just asking Kameme
Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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alma1 wrote:murchr wrote:obiero wrote:sparkly wrote:alma1 wrote:You know on this particular thread, the only person who's been honest is Maichblack.
The next person was Liv...Unfortunately by stating the truth, they stated the obvious...It's the gov'ts fault. Ipso facto, it's Uhuru. When you tell Liv and Murchr, Uhuru, these people start wetting their beds
Yet, facts are like Itumbi says, facts.
Now in Kenya when you say Uhuru, guys either start crapping or clapping. Depending...Just like the Donald Trump games...
The fact is Gov't is borrowing tooooo maaaash.
Rates have got to go up!!!!!!
Capping interest rates shall never happen in Kenya. Not when this CBK governor is alive. It shall never happen. Obiero pole. But it shall never happen!!!!
And it's a good thing it never happens because I believe in markets..I believe in water finding its own course.
Yet!!!!!!!!!
The Kenyan banks are just shylocks.
So as much as I'm capitalist, these people have to be stopped from stealing.
As Njunge said, next year we can reform that bill.
Lakini as it stands
Uhuru shall not sign it
Parliament shall be given money and Mpigs shall disappear from the floor
Wanjiku is still screwed because Murchr has another Konza project he's thinking about.
The people making your rates go up are right here on Wazua. Someone has to "lease" their car.
Tafakari hayo kaka.
People weaned on Thatchernomics have too much belief in privatisation and free markets.
Need to wake up to the fact that Thatchernomics failed, hence Brexit, Trumpism etc.
Govt controls are a necessary evil to maintain sanity in any market.
Even the CBR, KBRR are control mechanisms. UK via the LIBOR also avails a guide to sane rates. Current borrowing rates in the country are simply criminal. Whether this is caused by heavy domestic borrowing by the government is debatable
Hypocrites - hate govt control on fuel prices but want interest rate control in banks. Its simple. this is just a control of who can borrow. If you don't qualify to borrow at 14%, you'll simply be locked out. Banks will simply lend that extra to infrastructure projects.
Different ideas from different people.
Proving what I'm saying
Uhuru shall not and will never sign that bill
Obiero and Wanjiku want it signed
Excuses are many...Too many
There's only one reason
Gov't is borrowing money even in the kiosk next door.
That is Uhuru's legacy...Not Kameme
The President who made Kenyans borrow even from the chainese...
You can't run away from that...Uhuru's gov't shall and does borrow money even from the poor.
Ipso facto your interest rates rise..Right now.
Usually this happens after 5 years in logical countries. But in Uhurus gov't its happening now.
It's like getting a credit card from barclays today...The card has a 90 day repayment rate. Lakini, you are so busy in buying "projects" the 90 days are over...
Now you are paying for 90 days plus interest.
It's not the banks fault...Its Uhuru borrowing like this money belongs to him.....
Uhuru Kenyatta shall never sign this bill.
You as the f***ed up business person paying 30% shall go line up yourself and you kids in 2017 to vote for him.
Then you shall blame Raila for not being not a luo.
And you wonder why we love Trump as Africans.
Now arrest me!
Uhuru might sign, but its not to the banks undoing. The looser is Wanjiku.
Govt did not start borrowing in 2013. You have heard of Treasury bills and bonds. Tell me, why would a bank lend you at 14% yet a govt bond has better yields? So as long as the govt paper bills are high up there, wanjiku's loans will be denied denied denied.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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murchr wrote:alma1 wrote:murchr wrote:obiero wrote:sparkly wrote:alma1 wrote:You know on this particular thread, the only person who's been honest is Maichblack.
The next person was Liv...Unfortunately by stating the truth, they stated the obvious...It's the gov'ts fault. Ipso facto, it's Uhuru. When you tell Liv and Murchr, Uhuru, these people start wetting their beds
Yet, facts are like Itumbi says, facts.
Now in Kenya when you say Uhuru, guys either start crapping or clapping. Depending...Just like the Donald Trump games...
The fact is Gov't is borrowing tooooo maaaash.
Rates have got to go up!!!!!!
Capping interest rates shall never happen in Kenya. Not when this CBK governor is alive. It shall never happen. Obiero pole. But it shall never happen!!!!
And it's a good thing it never happens because I believe in markets..I believe in water finding its own course.
Yet!!!!!!!!!
The Kenyan banks are just shylocks.
So as much as I'm capitalist, these people have to be stopped from stealing.
As Njunge said, next year we can reform that bill.
Lakini as it stands
Uhuru shall not sign it
Parliament shall be given money and Mpigs shall disappear from the floor
Wanjiku is still screwed because Murchr has another Konza project he's thinking about.
The people making your rates go up are right here on Wazua. Someone has to "lease" their car.
Tafakari hayo kaka.
People weaned on Thatchernomics have too much belief in privatisation and free markets.
Need to wake up to the fact that Thatchernomics failed, hence Brexit, Trumpism etc.
Govt controls are a necessary evil to maintain sanity in any market.
Even the CBR, KBRR are control mechanisms. UK via the LIBOR also avails a guide to sane rates. Current borrowing rates in the country are simply criminal. Whether this is caused by heavy domestic borrowing by the government is debatable
Hypocrites - hate govt control on fuel prices but want interest rate control in banks. Its simple. this is just a control of who can borrow. If you don't qualify to borrow at 14%, you'll simply be locked out. Banks will simply lend that extra to infrastructure projects.
Different ideas from different people.
Proving what I'm saying
Uhuru shall not and will never sign that bill
Obiero and Wanjiku want it signed
Excuses are many...Too many
There's only one reason
Gov't is borrowing money even in the kiosk next door.
That is Uhuru's legacy...Not Kameme
The President who made Kenyans borrow even from the chainese...
You can't run away from that...Uhuru's gov't shall and does borrow money even from the poor.
Ipso facto your interest rates rise..Right now.
Usually this happens after 5 years in logical countries. But in Uhurus gov't its happening now.
It's like getting a credit card from barclays today...The card has a 90 day repayment rate. Lakini, you are so busy in buying "projects" the 90 days are over...
Now you are paying for 90 days plus interest.
It's not the banks fault...Its Uhuru borrowing like this money belongs to him.....
Uhuru Kenyatta shall never sign this bill.
You as the f***ed up business person paying 30% shall go line up yourself and you kids in 2017 to vote for him.
Then you shall blame Raila for not being not a luo.
And you wonder why we love Trump as Africans.
Now arrest me!
Uhuru might sign, but its not to the banks undoing. The looser is Wanjiku.
Govt did not start borrowing in 2013. You have heard of Treasury bills and bonds. Tell me, why would a bank lend you at 14% yet a govt bond has better yields? So as long as the govt paper bills are high up there, wanjiku's loans will be denied denied denied.
Current tbill rate is sub 10%. Actually GoK should peg the interest rate for banks to an annual factor consisting of CBR and 364 day Tbill COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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murchr wrote:alma1 wrote:murchr wrote:obiero wrote:sparkly wrote:alma1 wrote:You know on this particular thread, the only person who's been honest is Maichblack.
The next person was Liv...Unfortunately by stating the truth, they stated the obvious...It's the gov'ts fault. Ipso facto, it's Uhuru. When you tell Liv and Murchr, Uhuru, these people start wetting their beds
Yet, facts are like Itumbi says, facts.
Now in Kenya when you say Uhuru, guys either start crapping or clapping. Depending...Just like the Donald Trump games...
The fact is Gov't is borrowing tooooo maaaash.
Rates have got to go up!!!!!!
Capping interest rates shall never happen in Kenya. Not when this CBK governor is alive. It shall never happen. Obiero pole. But it shall never happen!!!!
And it's a good thing it never happens because I believe in markets..I believe in water finding its own course.
Yet!!!!!!!!!
The Kenyan banks are just shylocks.
So as much as I'm capitalist, these people have to be stopped from stealing.
As Njunge said, next year we can reform that bill.
Lakini as it stands
Uhuru shall not sign it
Parliament shall be given money and Mpigs shall disappear from the floor
Wanjiku is still screwed because Murchr has another Konza project he's thinking about.
The people making your rates go up are right here on Wazua. Someone has to "lease" their car.
Tafakari hayo kaka.
People weaned on Thatchernomics have too much belief in privatisation and free markets.
Need to wake up to the fact that Thatchernomics failed, hence Brexit, Trumpism etc.
Govt controls are a necessary evil to maintain sanity in any market.
Even the CBR, KBRR are control mechanisms. UK via the LIBOR also avails a guide to sane rates. Current borrowing rates in the country are simply criminal. Whether this is caused by heavy domestic borrowing by the government is debatable
Hypocrites - hate govt control on fuel prices but want interest rate control in banks. Its simple. this is just a control of who can borrow. If you don't qualify to borrow at 14%, you'll simply be locked out. Banks will simply lend that extra to infrastructure projects.
Different ideas from different people.
Proving what I'm saying
Uhuru shall not and will never sign that bill
Obiero and Wanjiku want it signed
Excuses are many...Too many
There's only one reason
Gov't is borrowing money even in the kiosk next door.
That is Uhuru's legacy...Not Kameme
The President who made Kenyans borrow even from the chainese...
You can't run away from that...Uhuru's gov't shall and does borrow money even from the poor.
Ipso facto your interest rates rise..Right now.
Usually this happens after 5 years in logical countries. But in Uhurus gov't its happening now.
It's like getting a credit card from barclays today...The card has a 90 day repayment rate. Lakini, you are so busy in buying "projects" the 90 days are over...
Now you are paying for 90 days plus interest.
It's not the banks fault...Its Uhuru borrowing like this money belongs to him.....
Uhuru Kenyatta shall never sign this bill.
You as the f***ed up business person paying 30% shall go line up yourself and you kids in 2017 to vote for him.
Then you shall blame Raila for not being not a luo.
And you wonder why we love Trump as Africans.
Now arrest me!
Uhuru might sign, but its not to the banks undoing. The looser is Wanjiku.
Govt did not start borrowing in 2013. You have heard of Treasury bills and bonds. Tell me, why would a bank lend you at 14% yet a govt bond has better yields? So as long as the govt paper bills are high up there, wanjiku's loans will be denied denied denied.
Murchr stop blaming Wanjiku
You do know that your arguments with me always always always are at a loss. You have only won 1.
Your loving gov't is borrowing so rates are high..
That's what Maichblack has been saying all along...
Usually when gov't borrow its the next gov't that pay...But this one is so bad that they borrow, you feel it kesho.
Answer that murchr...
Don't blame the banks for your failure....
It's a big issue when small busieness can't pay loans. Do you think that's one of the reasons property values are falling?
Be serious.
Time is up
Uhuru might survive 2017 simply because of the muthamaki syndrome.
But in the next one...Aiii, pole. In fact by 2018, Uhuru with 30 per cent interest rates shant be that popular.
If you don't believe me, ngoja tu
He signs this bill or he shall go in history the same direction as Moi. Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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alma1 wrote:murchr wrote:alma1 wrote:murchr wrote:obiero wrote:sparkly wrote:alma1 wrote:You know on this particular thread, the only person who's been honest is Maichblack.
The next person was Liv...Unfortunately by stating the truth, they stated the obvious...It's the gov'ts fault. Ipso facto, it's Uhuru. When you tell Liv and Murchr, Uhuru, these people start wetting their beds
Yet, facts are like Itumbi says, facts.
Now in Kenya when you say Uhuru, guys either start crapping or clapping. Depending...Just like the Donald Trump games...
The fact is Gov't is borrowing tooooo maaaash.
Rates have got to go up!!!!!!
Capping interest rates shall never happen in Kenya. Not when this CBK governor is alive. It shall never happen. Obiero pole. But it shall never happen!!!!
And it's a good thing it never happens because I believe in markets..I believe in water finding its own course.
Yet!!!!!!!!!
The Kenyan banks are just shylocks.
So as much as I'm capitalist, these people have to be stopped from stealing.
As Njunge said, next year we can reform that bill.
Lakini as it stands
Uhuru shall not sign it
Parliament shall be given money and Mpigs shall disappear from the floor
Wanjiku is still screwed because Murchr has another Konza project he's thinking about.
The people making your rates go up are right here on Wazua. Someone has to "lease" their car.
Tafakari hayo kaka.
People weaned on Thatchernomics have too much belief in privatisation and free markets.
Need to wake up to the fact that Thatchernomics failed, hence Brexit, Trumpism etc.
Govt controls are a necessary evil to maintain sanity in any market.
Even the CBR, KBRR are control mechanisms. UK via the LIBOR also avails a guide to sane rates. Current borrowing rates in the country are simply criminal. Whether this is caused by heavy domestic borrowing by the government is debatable
Hypocrites - hate govt control on fuel prices but want interest rate control in banks. Its simple. this is just a control of who can borrow. If you don't qualify to borrow at 14%, you'll simply be locked out. Banks will simply lend that extra to infrastructure projects.
Different ideas from different people.
Proving what I'm saying
Uhuru shall not and will never sign that bill
Obiero and Wanjiku want it signed
Excuses are many...Too many
There's only one reason
Gov't is borrowing money even in the kiosk next door.
That is Uhuru's legacy...Not Kameme
The President who made Kenyans borrow even from the chainese...
You can't run away from that...Uhuru's gov't shall and does borrow money even from the poor.
Ipso facto your interest rates rise..Right now.
Usually this happens after 5 years in logical countries. But in Uhurus gov't its happening now.
It's like getting a credit card from barclays today...The card has a 90 day repayment rate. Lakini, you are so busy in buying "projects" the 90 days are over...
Now you are paying for 90 days plus interest.
It's not the banks fault...Its Uhuru borrowing like this money belongs to him.....
Uhuru Kenyatta shall never sign this bill.
You as the f***ed up business person paying 30% shall go line up yourself and you kids in 2017 to vote for him.
Then you shall blame Raila for not being not a luo.
And you wonder why we love Trump as Africans.
Now arrest me!
Uhuru might sign, but its not to the banks undoing. The looser is Wanjiku.
Govt did not start borrowing in 2013. You have heard of Treasury bills and bonds. Tell me, why would a bank lend you at 14% yet a govt bond has better yields? So as long as the govt paper bills are high up there, wanjiku's loans will be denied denied denied.
Murchr stop blaming Wanjiku
You do know that your arguments with me always always always are at a loss. You have only won 1.
Your loving gov't is borrowing so rates are high..
That's what Maichblack has been saying all along...
Usually when gov't borrow its the next gov't that pay...But this one is so bad that they borrow, you feel it kesho.
Answer that murchr...
Don't blame the banks for your failure....
It's a big issue when small busieness can't pay loans. Do you think that's one of the reasons property values are falling?
Be serious.
Time is up
Uhuru might survive 2017 simply because of the muthamaki syndrome.
But in the next one...Aiii, pole. In fact by 2018, Uhuru with 30 per cent interest rates shant be that popular.
If you don't believe me, ngoja tu
He signs this bill or he shall go in history the same direction as Moi.
Am not blaming Wanjiku, but Fahali wawili wakipigana Nyasi huumia.
Obiero has made a very good observation, BUT your short sighted MPig did not think this through. If Uhuru signs the bill end of Aug, and in the next months the govt papers fetch 15-20+% like it was a few months ago, wanjiku will not get a chance.
Some Wanjikus are just bad debtors (see the NPLs) and they dont pay up hence the high interest rates..they are a risk. You cannot force a bank to give you money..utapotelea mbali tu.
The credit bureaus should be strengthened such that information is well documented and disseminated, so that good borrowers are not punished for the bad ones eg defaulters of Helb, Okoa Jahazi credo, sacco loans etc Anyway, in the meantime, keep on making noise...the bank stocks are right on my aisle "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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murchr wrote:alma1 wrote:murchr wrote:alma1 wrote:murchr wrote:obiero wrote:sparkly wrote:alma1 wrote:You know on this particular thread, the only person who's been honest is Maichblack.
The next person was Liv...Unfortunately by stating the truth, they stated the obvious...It's the gov'ts fault. Ipso facto, it's Uhuru. When you tell Liv and Murchr, Uhuru, these people start wetting their beds
Yet, facts are like Itumbi says, facts.
Now in Kenya when you say Uhuru, guys either start crapping or clapping. Depending...Just like the Donald Trump games...
The fact is Gov't is borrowing tooooo maaaash.
Rates have got to go up!!!!!!
Capping interest rates shall never happen in Kenya. Not when this CBK governor is alive. It shall never happen. Obiero pole. But it shall never happen!!!!
And it's a good thing it never happens because I believe in markets..I believe in water finding its own course.
Yet!!!!!!!!!
The Kenyan banks are just shylocks.
So as much as I'm capitalist, these people have to be stopped from stealing.
As Njunge said, next year we can reform that bill.
Lakini as it stands
Uhuru shall not sign it
Parliament shall be given money and Mpigs shall disappear from the floor
Wanjiku is still screwed because Murchr has another Konza project he's thinking about.
The people making your rates go up are right here on Wazua. Someone has to "lease" their car.
Tafakari hayo kaka.
People weaned on Thatchernomics have too much belief in privatisation and free markets.
Need to wake up to the fact that Thatchernomics failed, hence Brexit, Trumpism etc.
Govt controls are a necessary evil to maintain sanity in any market.
Even the CBR, KBRR are control mechanisms. UK via the LIBOR also avails a guide to sane rates. Current borrowing rates in the country are simply criminal. Whether this is caused by heavy domestic borrowing by the government is debatable
Hypocrites - hate govt control on fuel prices but want interest rate control in banks. Its simple. this is just a control of who can borrow. If you don't qualify to borrow at 14%, you'll simply be locked out. Banks will simply lend that extra to infrastructure projects.
Different ideas from different people.
Proving what I'm saying
Uhuru shall not and will never sign that bill
Obiero and Wanjiku want it signed
Excuses are many...Too many
There's only one reason
Gov't is borrowing money even in the kiosk next door.
That is Uhuru's legacy...Not Kameme
The President who made Kenyans borrow even from the chainese...
You can't run away from that...Uhuru's gov't shall and does borrow money even from the poor.
Ipso facto your interest rates rise..Right now.
Usually this happens after 5 years in logical countries. But in Uhurus gov't its happening now.
It's like getting a credit card from barclays today...The card has a 90 day repayment rate. Lakini, you are so busy in buying "projects" the 90 days are over...
Now you are paying for 90 days plus interest.
It's not the banks fault...Its Uhuru borrowing like this money belongs to him.....
Uhuru Kenyatta shall never sign this bill.
You as the f***ed up business person paying 30% shall go line up yourself and you kids in 2017 to vote for him.
Then you shall blame Raila for not being not a luo.
And you wonder why we love Trump as Africans.
Now arrest me!
Uhuru might sign, but its not to the banks undoing. The looser is Wanjiku.
Govt did not start borrowing in 2013. You have heard of Treasury bills and bonds. Tell me, why would a bank lend you at 14% yet a govt bond has better yields? So as long as the govt paper bills are high up there, wanjiku's loans will be denied denied denied.
Murchr stop blaming Wanjiku
You do know that your arguments with me always always always are at a loss. You have only won 1.
Your loving gov't is borrowing so rates are high..
That's what Maichblack has been saying all along...
Usually when gov't borrow its the next gov't that pay...But this one is so bad that they borrow, you feel it kesho.
Answer that murchr...
Don't blame the banks for your failure....
It's a big issue when small busieness can't pay loans. Do you think that's one of the reasons property values are falling?
Be serious.
Time is up
Uhuru might survive 2017 simply because of the muthamaki syndrome.
But in the next one...Aiii, pole. In fact by 2018, Uhuru with 30 per cent interest rates shant be that popular.
If you don't believe me, ngoja tu
He signs this bill or he shall go in history the same direction as Moi.
Am not blaming Wanjiku, but Fahali wawili wakipigana Nyasi huumia.
Obiero has made a very good observation, BUT your short sighted MPig did not think this through. If Uhuru signs the bill end of Aug, and in the next months the govt papers fetch 15-20+% like it was a few months ago, wanjiku will not get a chance.
Some Wanjikus are just bad debtors (see the NPLs) and they dont pay up hence the high interest rates..they are a risk. You cannot force a bank to give you money..utapotelea mbali tu.
The credit bureaus should be strengthened such that information is well documented and disseminated, so that good borrowers are not punished for the bad ones eg defaulters of Helb, Okoa Jahazi credo, sacco loans etc Anyway, in the meantime, keep on making noise...the bank stocks are right on my aisle
I told you, you will end up blaming wanjiku.
This is Uhuru's baby...Kwanza his baby is called CBa or something like that.
There is no Kenyan who shall pay stupid banks loans simply because you feed your children or the bank...I don't think that's a stupid thing to say...It's just reality...If safaricom shuts down my mpesa, I move to airtel.
Anyway, read what Wakanyugi wrote
Uhuru had better sign this bill. His sell by date ends the moment Raila is gone after 2017.
You can't steal money behind so called analysts and escape the truth.
Ni hayo tu...
By the way i've only been wrong on wazua about safaricom and even that is still blowing in the wind.
Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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What I'm trying to tell you murchr is very simple
Presidents are remembered for what they did, not the number of pictures PSCU could tweet.
I still don't know what Uhuru has done yet...I hear stories but its just another story.
Uhuru has to decide what his legacy is going to be....If you guys think that wearing hot red ties is going to be a legacy tafadhali, think again.
The only reason this guy is president is because of Raila. Some people hate Raila so much they can vote for an alternative even if its a rock.
This is not a funny issue
Banks in Kenya charge more that Payday loans in the US which are illegal in the state
Mpesa with all its might charges fees that are simply inhuman.Yet their CEO comes on TV to talk about corporate ethics.
Uhuru goes galavanting talking about good leadership....Yet he shall never sign this bill. In fact, that is not even an idea between his Jameson and the next meeting.
Sisi apana jinga murchr...After 2017 Raira euphoria, don't have too many pictures in your office...Kitaumana. Thieves are not good people. Tumeelewana?
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Rank: Member Joined: 2/20/2007 Posts: 767
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Rate controll may not benefit Wanjiku but it will benefit business and Government. With rate controll, Government does not have to increase T bill rates to attract banks to buy. With very few wanjikus to qualify for 14% rate loans, yet the bank has to pay 7% on deposits, the bank would rather buy t bills at 10- 11 % than sit with the money earning nothing. Goverment will be spoiled for choice with too much cash chasing few t bills. If bank does not take the deposits from wanjiku ( foolish move), government will borrow directly from wanjiku.
Only an insane President , will not sign this bill. Or one driven by self interest and thuggish motives. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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A contact in KBA tells me this bill is a still born... 
Uhunye is now drafting the many excuses why he will not sign. Mark 12:29
Deuteronomy 4:16
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