You can make your own end month so that you don't go to the ATMS when all the Toms Dicks and Harrys are calling it end month!!!! The chief value of money lies in the fact that one lives in a world in which it is overestimated.

Why Equity is a ponzi scheme: Equity will fail because of its aggressive growth strategy that relies on high risk common mwananchi loans,lose underwritting requirements and corrupt Treasury that looks the other way. Now we all know banks operate on leverage,but to make sure that the bank can meet its obligations to depositors,debtors etc,the Treasury sets capital and leverage requirements. Here is where political banks come in. In order to accomodate equity's aggressive expansion,its godfathers ask Treasury to look the other way and ignore the capital and leverage requirements. That is why you see Equity always getting special waivers from the finance minister,Treasury and even the Central bank. Ask yourself why other banks dont get such waivers. These schemes work perfectly during boom times because depositors are flush with cash and have no need to widthraw funds from Equity. But like Buffett says,'You only find out who is swimming naked when the tide goes out'. So what are the impacts of Equity bank collapse: 1. The economy will do just fine,a lot of these equity depositors previously hid their money under their mattress so no big deal. 2. The stock market will be devastated,a lot of retail investors will shun investing for a long time,NSE would flirt with 1,000 mark.

@ TB you are dead wrong on this one. #1 Treasury doesnt oversee any bank in Kenya,its the Central Bank that does ! # 2 The World Bank via Helios couldnt have invested a mind numbing amount in Equity without doing their due diligence! What you are insuniating here is cheap bar talk. # 3 Like a succesful enterpreneur once said,if everyone believes you'll fail,then know youre on the way to the top. So much hogwash has been said about Equity but the results and dividends always astound us ! # 4 Most banks have made it their business to replicate EB's 'modo' and i havent heard anyone say that the banks replicating the Equity 'modo' are bound to fail. Actually the strategy within most banks is to think and imagine what Equity is going to do next. The Hedonist

@TB; I wish you could support your theory with facts and figures! Look at the ratios for 2008: g) Core Capital/ Total Deposit Liabilities 29% h) Minimum statutory ratio 8% i) Excess / (defficiency) (g-h) 21% j) Core Capital/ Total Risk Weighted Assets 29% k) Minimum statutory Ratio 8% L) Excess / (defficiency) (j-k) 21% m) Total Capital/ Total Risk Weighted assets 41% n) Minimum statutory Ratio 12% o) Excess / (defficiency) (m-n) 29% Now,I have no reason to doubt these figures...unless you want us to believe that Ernst & Young are also in on this conspiracy to hoodwink the public! Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

@TB...your ignorance or youth reveals itself when you say 'Equity has never been through a recession so I would not be so cocky about its invincibility.' Equity started operations in 1984! Long before the Goldenberg-induced recession of the Early 90s and the Moi 'kicks of a dying horse'-induced recession in year 2000. It pulled through and is stronger today. The problem with Equity sceptics is that they forget this bank has a 25-year history....older than most of the critics! It didn't just spring out from nowhere 'Trade-Bank' style. In addition,the bank first took a strong foothold deep in rural Kenya.... Kiriani,Othaya,Kangema etc... only keeping an administrative HQ in Nairobi. Thus most Nairobi loud-mouths became aware of the bank about five years ago! Check your library about the true meaning of Exponential Growth ========== DISCLAIMER: I am neither a customer nor a shareholder; but the latter status is changing soon! Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)