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Chase Bank loss...another case of cooking the books?
streetwise
#261 Posted : Thursday, April 07, 2016 7:21:18 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
These guys need to be jailed for two consecutive life times
Impunity
#262 Posted : Thursday, April 07, 2016 7:29:05 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
gatoho wrote:
Impunity wrote:
Spikes wrote:
maka wrote:
#MarketUpdate
The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond 
@NSEKenya

Don't know if that was already posted


I will never hold a corporate bond even if it is floated by a blue chip company like Safaricom Ltd.


Gaament Bond is the best, if you get Infrastructure Bond (tax free), the sweeter.

Drool Drool Drool Drool



Some guy had a government bond mature 2days ago and guess who he banked with?



Pray Pray Pray Pray Pray
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Othelo
#263 Posted : Thursday, April 07, 2016 7:31:59 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Impunity wrote:
gatoho wrote:
Impunity wrote:
Spikes wrote:
maka wrote:
#MarketUpdate
The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond 
@NSEKenya

Don't know if that was already posted


I will never hold a corporate bond even if it is floated by a blue chip company like Safaricom Ltd.


Gaament Bond is the best, if you get Infrastructure Bond (tax free), the sweeter.

Drool Drool Drool Drool



Some guy had a government bond mature 2days ago and guess who he banked with?



Pray Pray Pray Pray Pray

Now that is Karma right there Sad Sad d'oh! d'oh! d'oh!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
researchfirst
#264 Posted : Thursday, April 07, 2016 7:40:55 PM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
So tired of all this. Thieves. Even caught, they never repay. The money is always gone. Chase, NBK, Imperial, all the money is in the ground. We will never see any of it again.
maka
#265 Posted : Thursday, April 07, 2016 7:45:34 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Othelo wrote:
Impunity wrote:
gatoho wrote:
Impunity wrote:
Spikes wrote:
maka wrote:
#MarketUpdate
The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond 
@NSEKenya

Don't know if that was already posted


I will never hold a corporate bond even if it is floated by a blue chip company like Safaricom Ltd.


Gaament Bond is the best, if you get Infrastructure Bond (tax free), the sweeter.

Drool Drool Drool Drool



Some guy had a government bond mature 2days ago and guess who he banked with?



Pray Pray Pray Pray Pray

Now that is Karma right there Sad Sad d'oh! d'oh! d'oh!


Eish that is bad....
possunt quia posse videntur
enyands
#266 Posted : Thursday, April 07, 2016 7:47:17 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
maka wrote:
Othelo wrote:
Impunity wrote:
gatoho wrote:
Impunity wrote:
Spikes wrote:
maka wrote:
#MarketUpdate
The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond 
@NSEKenya

Don't know if that was already posted


I will never hold a corporate bond even if it is floated by a blue chip company like Safaricom Ltd.


Gaament Bond is the best, if you get Infrastructure Bond (tax free), the sweeter.

Drool Drool Drool Drool



Some guy had a government bond mature 2days ago and guess who he banked with?



Pray Pray Pray Pray Pray

Now that is Karma right there Sad Sad d'oh! d'oh! d'oh!


Eish that is bad....



@hisa deserves it ,he forewarned of banks long long ago.
maka
#267 Posted : Thursday, April 07, 2016 8:04:54 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
enyands wrote:
maka wrote:
Othelo wrote:
Impunity wrote:
gatoho wrote:
Impunity wrote:
Spikes wrote:
maka wrote:
#MarketUpdate
The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond 
@NSEKenya

Don't know if that was already posted


I will never hold a corporate bond even if it is floated by a blue chip company like Safaricom Ltd.


Gaament Bond is the best, if you get Infrastructure Bond (tax free), the sweeter.

Drool Drool Drool Drool



Some guy had a government bond mature 2days ago and guess who he banked with?



Pray Pray Pray Pray Pray

Now that is Karma right there Sad Sad d'oh! d'oh! d'oh!


Eish that is bad....



@hisa deserves it ,he forewarned of banks long long ago.


Like Sunil Sanger with NBK...
possunt quia posse videntur
kimugaman
#268 Posted : Thursday, April 07, 2016 8:43:35 PM
Rank: New-farer

Joined: 5/15/2015
Posts: 26
They are blaming social media. How about owners of bank, taking deposits, then loaning it out to themselves, then cooking the books to hide those loans. If there was no social media, people in bars and markets and social gatherings still could have talked about it.
murchr
#269 Posted : Thursday, April 07, 2016 8:46:19 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
kimugaman wrote:
They are blaming social media. How about owners of bank, taking deposits, then loaning it out to themselves, then cooking the books to hide those loans. If there was no social media, people in bars and markets and social gatherings still could have talked about it.


Social media mongers caused the bank run. The 16BN hole was recoverable. No one is sanitizing the directors
"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
.
kayhara
#270 Posted : Thursday, April 07, 2016 8:51:26 PM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
murchr wrote:
kimugaman wrote:
They are blaming social media. How about owners of bank, taking deposits, then loaning it out to themselves, then cooking the books to hide those loans. If there was no social media, people in bars and markets and social gatherings still could have talked about it.


Social media mongers caused the bank run. The 16BN hole was recoverable. No one is sanitizing the directors

Social Media or otherwise I am proud that no one has played the tribal card all are supporting the monk.
To Each His Own
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