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Big banks to blame??

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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
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Impunity		#52 Posted : Thursday, June 23, 2011 5:53:08 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 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.
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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.
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Impunity		#54 Posted : Thursday, June 23, 2011 6:14:57 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Has mbig announcement been made? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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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!!
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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"
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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?
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Sufficiently Philanga....thropic		#58 Posted : Thursday, June 23, 2011 6:51:51 PM
Rank: Elder Joined: 9/23/2010 Posts: 2,225 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? @Funky - I like your idea... It's called a bank run 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
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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
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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
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