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Law Capping interest rates
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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guru267 wrote:A contact in KBA tells me this bill is a still born... 
Uhunye is now drafting the many excuses why he will not sign.
This bill must be signed to castigate greed! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Spikes wrote:guru267 wrote:A contact in KBA tells me this bill is a still born... 
Uhunye is now drafting the many excuses why he will not sign.
This bill must be signed to castigate greed!
@uhunye is an interested party, just exactly what @RAO claims...he cannot sign it unless the Mpigs use the 2/3 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: 10/18/2008 Posts: 3,434 Location: Kerugoya
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@ Guru267, Sweet Heart, I am disappointed with your persistent preoccupation with His Excellency the President on this matter.
However, since you insist, we might as well discuss opinions in this regard.
Please walk with me.
His Excellency will have to sign this Bill, either in the first round or the second round.
Should he return the eee… Njomo Bill back to sender, he will give The Right Honourable Raila Odinga a new platform for engagement after he, Rt. Hon. Odinga, won the Erection Commissioners Must Go campaign.
The Honourable (sic) Members will in turn marshal the requisite two-thirds majority votes to rebut His Excellency’s refusal to assent to the Njomo Bill.
After that second vote, His Excellency’s assent this time round will be a mere formality.
This thing called the Constitution will demand of him to append his signature, period.
If what George Ngigi reports in the Business Daily about Fit Ratings’ findings are true, and I suspect they are, the banks have a plan B already in motion.
This means Uhuru Kenyatta, the private citizen, need not worry about the family’s banking investment loosing value on his watch after all.
The banks are simply waiting for His Excellency’s signature, either at the first or second instance to put it into motion. LINK
As such, in my opinion, it is not the President you should be worrying about. It is the outgoing Honourable (sic) Members of Parliament.
Shiku is screwed. She always gets screwed. She will get screwed again.
Should her thirst for loan money prove too powerful, she will start looking much more seriously into Credit and Savings Cooperative Societies.
But that, My Dear, is an altercation for another day.
Do you feel me?
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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aemathenge wrote:@ Guru267, Sweet Heart, I am disappointed with your persistent preoccupation with His Excellency the President on this matter.
However, since you insist, we might as well discuss opinions in this regard.
Please walk with me.
His Excellency will have to sign this Bill, either in the first round or the second round.
Should he return the eee… Njomo Bill back to sender, he will give The Right Honourable Raila Odinga a new platform for engagement after he, Rt. Hon. Odinga, won the Erection Commissioners Must Go campaign.
The Honourable (sic) Members will in turn marshal the requisite two-thirds majority votes to rebut His Excellency’s refusal to assent to the Njomo Bill.
After that second vote, His Excellency’s assent this time round will be a mere formality.
This thing called the Constitution will demand of him to append his signature, period.
If what George Ngigi reports in the Business Daily about Fit Ratings’ findings are true, and I suspect they are, the banks have a plan B already in motion.
This means Uhuru Kenyatta, the private citizen, need not worry about the family’s banking investment loosing value on his watch after all.
The banks are simply waiting for His Excellency’s signature, either at the first or second instance to put it into motion. LINK
As such, in my opinion, it is not the President you should be worrying about. It is the outgoing Honourable (sic) Members of Parliament.
Shiku is screwed. She always gets screwed. She will get screwed again.
Should her thirst for loan money prove too powerful, she will start looking much more seriously into Credit and Savings Cooperative Societies.
But that, My Dear, is an altercation for another day.
Do you feel me?
Very very on point "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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aemathenge wrote:@ Guru267, Sweet Heart, I am disappointed with your persistent preoccupation with His Excellency the President on this matter.
However, since you insist, we might as well discuss opinions in this regard.
Please walk with me.
His Excellency will have to sign this Bill, either in the first round or the second round.
Should he return the eee… Njomo Bill back to sender, he will give The Right Honourable Raila Odinga a new platform for engagement after he, Rt. Hon. Odinga, won the Erection Commissioners Must Go campaign.
The Honourable (sic) Members will in turn marshal the requisite two-thirds majority votes to rebut His Excellency’s refusal to assent to the Njomo Bill.
After that second vote, His Excellency’s assent this time round will be a mere formality.
This thing called the Constitution will demand of him to append his signature, period.
If what George Ngigi reports in the Business Daily about Fit Ratings’ findings are true, and I suspect they are, the banks have a plan B already in motion.
This means Uhuru Kenyatta, the private citizen, need not worry about the family’s banking investment loosing value on his watch after all.
The banks are simply waiting for His Excellency’s signature, either at the first or second instance to put it into motion. LINK
As such, in my opinion, it is not the President you should be worrying about. It is the outgoing Honourable (sic) Members of Parliament.
Shiku is screwed. She always gets screwed. She will get screwed again.
Should her thirst for loan money prove too powerful, she will start looking much more seriously into Credit and Savings Cooperative Societies.
But that, My Dear, is an altercation for another day.
Do you feel me?
I hear your opinions...
This will however not change the fact that this bill will not be signed, RAO and crew will jump up and down with tantrums and Uhunye will still win the 2017 elections...
Please take that to memba or simba.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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guru267 wrote:A contact in KBA tells me this bill is a still born... 
Uhunye is now drafting the many excuses why he will not sign.
A gun holder will never ever shoot his own foot with his own gun. Now if it so then my prophecy will come to pass. The other detail im waiting for is a drafted excuse will be made and sent to parliament for amendment with mou from banks into considerations.
We kenyans are very good at forgetting . Once this bill is rejected we will make noise for 1 month then after that, elections next year we will align ourselves into our same tribal cronies who are making our lives hard now and vote them in.cycle repeats
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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If Uhuru was worried about re-election, he would not introduced/increased taxes on everything and anything! Things even Moi would NEVER dare tax like medicine, books, electricity/power, juice, bottled water, electric cigarettes (For those trying to quit smoking to avoid cancer and other diseases) etc.
The taxes UhuRuto have introduced/increased are far much more damaging to the pockets of Kenyans than interest rates. And those taxes affect every single Kenyan (every day!!!) and unlike loans, they are not avoidable. And guess what, they were passed and signed into law without batting an eyelid!!! Why?? UhuRuto don't believe they have a realistic opponent. And that is the problem with Kenya. We should always have a strong and realistic opponent so that the government of the day knows that any misstep might lead to them losing power.
Of course I am not saying the bill should be signed for political reasons because it is a stupid bill and signing it would be stupid. I am just saying, those who expect Uhuru to sign it to get votes next year are day dreaming!! Raila's supporters will never vote for Uhuru because he signed the bill. Uhuru's supporters will never vote for Raila because Uhuru did not sign the bill. And the independent minds in between who don't fanatically support either of the two don't have much choice/options. The Muhisa Kituyis, Peter Kenneths, Rafael Tujus of this world don't stand a chance in this messed up political landscape of ours!!! 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: 9/20/2015 Posts: 2,811 Location: Mombasa
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MaichBlack wrote:If Uhuru was worried about re-election, he would not introduced/increased taxes on everything and anything! Things even Moi would NEVER dare tax like medicine, books, electricity/power, juice, bottled water, electric cigarettes (For those trying to quit smoking to avoid cancer and other diseases) etc.
The taxes UhuRuto have introduced/increased are far much more damaging to the pockets of Kenyans than interest rates. And those taxes affect every single Kenyan (every day!!!) and unlike loans, they are not avoidable. And guess what, they were passed and signed into law without batting an eyelid!!! Why?? UhuRuto don't believe they have a realistic opponent. And that is the problem with Kenya. We should always have a strong and realistic opponent so that the government of the day knows that any misstep might lead to them losing power.
Of course I am not saying the bill should be signed for political reasons because it is a stupid bill and signing it would be stupid. I am just saying, those who expect Uhuru to sign it to get votes next year are day dreaming!! Raila's supporters will never vote for Uhuru because he signed the bill. Uhuru's supporters will never vote for Raila because Uhuru did not sign the bill. And the independent minds in between who don't fanatically support either of the two don't have much choice/options. The Muhisa Kituyis, Peter Kenneths, Rafael Tujus of this world don't stand a chance in this messed up political landscape of ours!!!
Let the bill be signed. We want to see a meltdown on financials enabling us low entry for speculation. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Spikes wrote:MaichBlack wrote:If Uhuru was worried about re-election, he would not introduced/increased taxes on everything and anything! Things even Moi would NEVER dare tax like medicine, books, electricity/power, juice, bottled water, electric cigarettes (For those trying to quit smoking to avoid cancer and other diseases) etc.
The taxes UhuRuto have introduced/increased are far much more damaging to the pockets of Kenyans than interest rates. And those taxes affect every single Kenyan (every day!!!) and unlike loans, they are not avoidable. And guess what, they were passed and signed into law without batting an eyelid!!! Why?? UhuRuto don't believe they have a realistic opponent. And that is the problem with Kenya. We should always have a strong and realistic opponent so that the government of the day knows that any misstep might lead to them losing power.
Of course I am not saying the bill should be signed for political reasons because it is a stupid bill and signing it would be stupid. I am just saying, those who expect Uhuru to sign it to get votes next year are day dreaming!! Raila's supporters will never vote for Uhuru because he signed the bill. Uhuru's supporters will never vote for Raila because Uhuru did not sign the bill. And the independent minds in between who don't fanatically support either of the two don't have much choice/options. The Muhisa Kituyis, Peter Kenneths, Rafael Tujus of this world don't stand a chance in this messed up political landscape of ours!!!
Let the bill be signed. We want to see a meltdown on financials enabling us low entry for speculation.
 shrewd investors wewe,you are greedy when all are fearful
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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This tweet from Jimnah Mbaru has left me confused.
"Let me be very clear about this subject. We need to control the level of interest rates charged by banks. Capping is very good for Kenya".
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