tag:blogger.com,1999:blog-12839785.post2323759955218819390..comments2024-03-28T17:52:49.942-07:00Comments on You Missed This: On The Persistent Equity Bank Rumours Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12839785.post-68530075640527525932013-07-23T05:05:32.201-07:002013-07-23T05:05:32.201-07:00@Chris,
At long last you made a post with no RAW ...@Chris,<br /><br />At long last you made a post with no RAW NOTES undertones. Congratulations.<br /><br />But we understand you must put food on the table as much as you deny the bar talks costs you a fortune and pays nada.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12839785.post-35640972416582111762013-07-23T03:31:51.403-07:002013-07-23T03:31:51.403-07:00"The recent troubles at Equity Bank understan..."The recent troubles at Equity Bank understandably caused a run on the bank. Now a bank ONLY survives on the confidence of its' customers and there is no bank that will not suffer serious CASH FLOW problems and probably even collapse if a huge chunk of their customers wake up one morning and all decide to withdraw all their FUNDS." <br /><br />xxxx<br /><br />Interesting FALLACY!<br /><br />If you could take a few minutes and critically examine the above statement, you would learn MORE THAN YOU HAVE LEARNT ALL YOUR LIFE SO FAR!<br /><br />xxx<br /><br />"Equity did the only thing a bank can do in such a situation found the cash to pay those who wished to close their accounts in a hurry. They did this so well that the public realized that there was nothing to the rumours and many promptly returned their money to the same bank."<br /><br />xxx<br /><br />Would you be kind to EDUCATE us where Equity FOUND SUCH CASH please?<br /><br />xxxxxxxxxxxxxxxx<br /><br />"Then the Kenyan government got broke because donor funding dried up in protest of human rights violations and the then dictatorial one party system. <br /><br />The Moi government decided to borrow huge amounts of money from the public by setting up Treasury Bills with crazy interests rates. Now the banks found a new source of super profits." <br /><br />xxxx<br /><br />Another FALLACY!<br /><br />So, the GOK can issue let us say, KES 1000, 000 in BONDS, but, cannot issue KES 1000, 000 in CURRENCY?<br /><br />Both are PROMISES TO PAY. However, one FATTENS the USURER, and the other, would help Wanjiku!<br /><br />If you go to the NSE, the GOK issued bond is NEGOTIABLE. In fact, it is considered a gild edged PAPER. Why???<br /><br />Because, the GOK is behind that PAPER. But, who is behind the GOK? The Wanjiku. So, if it is Wanjiku who is the basis of the GOK CREDIT, why can't Wanjiku be the beneficiary of her own gilt - edged credit??<br /><br />NB: Why does the GOK PURPORT (PRETEND) to borrow its OWN CURRENCY???<br /><br />xxx<br /><br />"Today a significant ownership of the bank is held by foreign investors with deep pockets but the bank continues to do what it does best serving the small man."<br /><br />xxxxxxxxx<br /><br />mmmmmmmmmmmm, are some of these so called FOREIGN INVESTORS not FOREIGN GOVERNMENTS?<br /><br />mmmmmmmmmmm, why would FOREIGN GOVERNMENTS be INVESTORS when they tell us this is the job of the PRIVATE SECTOR?<br /><br />mmmmmmmmmm, why hasn't the GOK invested like these FOREIGN GOVERNMENTS in the same Equity?<br /><br />mmmmmmmmmmm, so, doesn't this mean that, PROFITS are flowing from MBEERE to London?<br /><br />mmmmmmmmmmm, when will profits flow from London to Mbeere? <br /><br />Anyway, since people pretend to understand banking when they have never BOTHERED to STUDY it, we leave in peace to enjoy:<br /><br />The African TEACHER, teach, teach I & I:<br /><br />http://is.gd/8xOvoiMwarang'ethehttps://www.blogger.com/profile/17751879277752081774noreply@blogger.com