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Big banks to blame??
Cde Monomotapa
#41 Posted : Thursday, June 23, 2011 3:54:28 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
NB: I hold a lot of KCB and if we did anything improper, then let us be punished.
the deal
#42 Posted : Thursday, June 23, 2011 4:09:19 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
drake
#43 Posted : Thursday, June 23, 2011 4:09:49 PM
Rank: Member


Joined: 8/8/2009
Posts: 170
Totally random, but look what I found on the BOT's website:

http://www.bot-tz.org/Ad...ts/2009-Jun-29-Jobs.pdf

Hiring a security guard....scroll down to "Specific Job Requirements" for a good laugh..
Cde Monomotapa
#44 Posted : Thursday, June 23, 2011 4:17:47 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
I'm taking a nap now. When I wake up, my fate will be known smile
hisah
#45 Posted : Thursday, June 23, 2011 4:43:05 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
As usual the governor is dodgy (a lot of froth about liquidity management) and won't mention those 3 banksters smile
Boy he's good at changing topics - perception management smile

And the hens continue to expect the fox to manage the house as per the hen-house rules without messing up smile

Btw kudos to the Capital FM's live feed...

---> 15K mortgage accounts with a flooded leafy suburbs - apartments et al... This tape is very exposed...

USDKES target revised to 100/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Impunity
#46 Posted : Thursday, June 23, 2011 4:55:34 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
FUNKY wrote:
I don't know why CBK are not releasing the names....they should do it asap so us kenyans can close our accounts in such banks and teach them a lesson.


Dont sat that, I have quite a chunk in one of these majors.I cant transfer the value overnight,and where to?

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

Impunity
#47 Posted : Thursday, June 23, 2011 5:09:18 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Burning Spear wrote:
its BBK,SCB and Citi Bank.

indeed they should be shamed and probably their names to be revealed to the citizens.This would teach them a lesson.


Waiting for the respective share prices to come down drastically then board these lucrative buses;
especially when most of you will be fearful.
smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

willin2learn
#48 Posted : Thursday, June 23, 2011 5:18:49 PM
Rank: Veteran


Joined: 2/12/2008
Posts: 1,178
Impunity wrote:
Burning Spear wrote:
its BBK,SCB and Citi Bank.

indeed they should be shamed and probably their names to be revealed to the citizens.This would teach them a lesson.


Waiting for the respective share prices to come down drastically then board these lucrative buses;
especially when most of you will be fearful.
smile


Interesting fundamentalssmile
hisah
#49 Posted : Thursday, June 23, 2011 5:31:32 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Impunity wrote:
FUNKY wrote:
I don't know why CBK are not releasing the names....they should do it asap so us kenyans can close our accounts in such banks and teach them a lesson.


Dont sat that, I have quite a chunk in one of these majors.I cant transfer the value overnight,and where to?

Shame on you Shame on you Shame on you Shame on you


@Funky - I like your idea... It's called a bank run Angel Shhh smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Gordon Gekko
#50 Posted : Thursday, June 23, 2011 5:43:46 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
I had cleared out my financials with the exception of KCB and moved almost all the cash to Jubilee. This was after @young predicted a financial meltdown. I hope KCB come out clean. As for SCB I might reconsider if the last rights price comes to the horizon. BBK in my books is washed up and rudderless.
Cde Monomotapa
#51 Posted : Thursday, June 23, 2011 5:51:28 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Governor's speech @ www.centralbank.go.ke
Impunity
#52 Posted : Thursday, June 23, 2011 5:53:08 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
May the respective share prices come tumbling down, coz I know the pundamenstruals will remain fairly the same.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Cde Monomotapa
#53 Posted : Thursday, June 23, 2011 6:01:32 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Impunity wrote:
May the respective share prices come tumbling down, coz I know the pundamenstruals will remain fairly the same.

Impunity
#54 Posted : Thursday, June 23, 2011 6:14:57 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Has mbig announcement been made?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Cde Monomotapa
#55 Posted : Thursday, June 23, 2011 6:29:50 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Arbitrage in the FX Market => 1. Four large banks have been noted to be holding very large overseas positions. 2. These positions do not seem to reflect trading fundamentals. 3. This type of exposure will put pressure on the exchange rate. 4. Their positions are largely associated with their group companies overseas. 5. WE WILL RESTRICT THEM FROM ANY ARBITRAGE USING THE DOMESTIC CURRENCY. (excerpt from Governor's speech) @Funky..our suspected culprits have been +vely Identified!!
Cde Monomotapa
#56 Posted : Thursday, June 23, 2011 6:40:33 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Further info => "IN FUTURE, ALLOW ALL INSTITUTIONS LICENSED TO TRADE IN FOREX TO MAKE BIDS WHEN CBK IS BUYING OR SELLING - THIS WILL REMOVE THE DOMINANCE IN THE MARKET AND MAKE FOREX TRADING COMPETITIVE"
Hunderwear
#57 Posted : Thursday, June 23, 2011 6:41:06 PM
Rank: Member


Joined: 4/14/2011
Posts: 639
So who are the three musketeers?
Sufficiently Philanga....thropic
#58 Posted : Thursday, June 23, 2011 6:51:51 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
hisah wrote:
Impunity wrote:
FUNKY wrote:
I don't know why CBK are not releasing the names....they should do it asap so us kenyans can close our accounts in such banks and teach them a lesson.


Dont sat that, I have quite a chunk in one of these majors.I cant transfer the value overnight,and where to?

Shame on you Shame on you Shame on you Shame on you


@Funky - I like your idea... It's called a bank run Angel Shhh smile

And there were lots of bank runs in the 90s, when akina Biwott and Pattni had their way!
How first we forget. Remember the likes of Trade Bank, Trust Bank etc?
@SufficientlyP
TUPAC
#59 Posted : Thursday, June 23, 2011 7:26:28 PM
Rank: Member


Joined: 12/8/2009
Posts: 274
Location: Ltktk
.....and this prof njuguna of cbk can really shrub and tweng at the same time!...so competent in interchanging his /l/ and /r/ sounds and reactive instead of proacting on this shilling depreciation thing....
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
Cde Monomotapa
#60 Posted : Thursday, June 23, 2011 7:37:52 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
The addiction to events rather than processes on Wazua truly dis-heartens me Sad
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