Wazua
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Eye on I&M ...
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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The last kicks of a dying horse. Watu wa Othaya walipe deni.  Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy Bank takes money from depositors, lends the depositors money to borrowers. It is the bank's obligation to protect depositors' money by auctioning security if debtor default. If the bank shirks that responsibility, we end up with another Chase, Imperial and NBK. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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sparkly wrote:obiero wrote:VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy Bank takes money from depositors, lends the depositors money to borrowers. It is the bank's obligation to protect depositors' money by auctioning security if debtor default. If the bank shirks that responsibility, we end up with another Chase, Imperial and NBK. No one disputes the need to repay obligations but the question here is whether the economy is allowing profitable trade in any sector apart from Finance and Financial Services
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy Bank takes money from depositors, lends the depositors money to borrowers. It is the bank's obligation to protect depositors' money by auctioning security if debtor default. If the bank shirks that responsibility, we end up with another Chase, Imperial and NBK. No one disputes the need to repay obligations but the question here is whether the economy is allowing profitable trade in any sector apart from Finance and Financial Services @obiero Watu hawaelewi hii maneno, credit is the pillar to an economy. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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Ericsson wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy Bank takes money from depositors, lends the depositors money to borrowers. It is the bank's obligation to protect depositors' money by auctioning security if debtor default. If the bank shirks that responsibility, we end up with another Chase, Imperial and NBK. No one disputes the need to repay obligations but the question here is whether the economy is allowing profitable trade in any sector apart from Finance and Financial Services @obiero Watu hawaelewi hii maneno, credit is the pillar to an economy. @ericsson it's sad. one sector is draining the life out of society, people are going insane, families are retrogressing
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy Bank takes money from depositors, lends the depositors money to borrowers. It is the bank's obligation to protect depositors' money by auctioning security if debtor default. If the bank shirks that responsibility, we end up with another Chase, Imperial and NBK. No one disputes the need to repay obligations but the question here is whether the economy is allowing profitable trade in any sector apart from Finance and Financial Services If you can't repay, don't borrow. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy Bank takes money from depositors, lends the depositors money to borrowers. It is the bank's obligation to protect depositors' money by auctioning security if debtor default. If the bank shirks that responsibility, we end up with another Chase, Imperial and NBK. No one disputes the need to repay obligations but the question here is whether the economy is allowing profitable trade in any sector apart from Finance and Financial Services If you can't repay, don't borrow. If you are in business or ever run your own hustle you wouldn't write such a statement. Plus why would a bank lend to someone who has no repayment ability? I'm telling you that the system is working against Kenyans
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy Bank takes money from depositors, lends the depositors money to borrowers. It is the bank's obligation to protect depositors' money by auctioning security if debtor default. If the bank shirks that responsibility, we end up with another Chase, Imperial and NBK. No one disputes the need to repay obligations but the question here is whether the economy is allowing profitable trade in any sector apart from Finance and Financial Services If you can't repay, don't borrow. Economy will grind to a halt. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:The last kicks of a dying horse. Watu wa Othaya walipe deni. Dr. Opus doesn't want upus! At the heart of the crisis are the tough policy directives issued by Dr Njoroge, which demand banks to aggressively pursue defaulters to keep the financial books clean.https://www.standardmedi...-over-heads-of-the-rich
Dr. Opus does not believe in forgiveness of debts or mercy on defaulters. He has told the banks to whip the defaulters. I&M is back in court on 19th June to follow the orders sent on from high. We will celebrate other people's auctions until the hammer turns on us.. No sane man places three properties as collateral with intent to default. The two men have failed the economy Bank takes money from depositors, lends the depositors money to borrowers. It is the bank's obligation to protect depositors' money by auctioning security if debtor default. If the bank shirks that responsibility, we end up with another Chase, Imperial and NBK. No one disputes the need to repay obligations but the question here is whether the economy is allowing profitable trade in any sector apart from Finance and Financial Services If you can't repay, don't borrow. If you are in business or ever run your own hustle you wouldn't write such a statement. Plus why would a bank lend to someone who has no repayment ability? I'm telling you that the system is working against Kenyans I am not the author of capitalism @Obiero. I just state the obvious. If you borrow and can't repay, your security will be attached and sold. Banks, auctioneers, liquidators and corporate scavengers make money during business downturns. More money is made from war than from peace. Capitalism is a jungle, every gazelle trying to outrun the fastest lion and every lion trying to outrun the slowest gazelle. Ni kubaya my fren. Life is short. Live passionately.
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