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BOT- Why Did they STOP Giving Loans for Shares ??

Discussion in 'Jukwaa la Siasa' started by smak786110, Aug 14, 2008.

  1. s

    smak786110 Member

    #1
    Aug 14, 2008
    Joined: Jan 24, 2008
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    Why did BOT tell all the Banks to STOP giving loans to people who want to buy NMB SHARES ???
    Any idea ?
    Was it rightful to do that ??
     
  2. LazyDog

    LazyDog JF-Expert Member

    #2
    Aug 15, 2008
    Joined: Apr 10, 2008
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    A shortcut/quick fix to prevent abuse?



    .
     
  3. s

    smak786110 Member

    #3
    Aug 16, 2008
    Joined: Jan 24, 2008
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    in what way???
    It cld hv really helped us to get the loan and invest...and the banks cld also hv made money by taking interest from the investors!
     
  4. M

    MiratKad JF-Expert Member

    #4
    Aug 16, 2008
    Joined: May 2, 2008
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    The reason could be that you are not GUARANTEED to make money! Could be very Risky!

     
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