Obiero after your fiasco with KQ I really wonder about you..
So Kenya is going to a recession because of banks not lending? Which school of economics is that one? Banks always lend. Maybe not to you or Wanjiku but they'll lend to someone...They'll call it credit, mortgage, bonds, Loc, mutual fund etc, but banking is about lending...
That was point one.
Second point.
Economies don't die because banks don't lend to Wanjiku. They go into recession 99% of the time because of poor gov't fiscal policies.
So unless you are a Jubilee apologist, you are going nuts again. There is going to be a recession in Kenya. Just look at the body language of the CBK governor. Look at guru's posts.
The worry for banks is that just as quickly as this bill passed, Obiero shall come up with some silly idea that it's because of the banks..
Fact is, Jubilee has borrowed money that my kids can't pay to build a railway line that should have been built with 1978 technology. It has also borrowed money to give Masukumas love child Mutahi Ngunyi money he wanted to steal.
This is like the white guys who say that blacks should be excited since they are americans even though they are shot every 2 days.
Thieves are not good people. Tumeelewana?