10/17/2007

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NSE panic loss: Goofs by Govt ... Kibaki ignores, Kimunya politics, Mbaru absconds ...


Just a question:
----------------------
 
Could i take the govt to court for absconding its FIDUCIARY RESPONSIBILITY to maintain calm, stability, restore order and continue to regulate the market.
 
Did some people in Govt and NSE now figure that Kimunya's statements were a serious goof?
While the markets were in panic mode, Kimunya who just got back from UK continued adding fire, Jimna (who also returned from political rallies in UK) absconded without any comment and Kibaki as usual was missing in action.

Kalembe and Muite have in the recent past been on the record saying Kibaki's loss will be due to his henchmen. they state equivocally that certain ministers statements and faces each time see the drip of about 50,000 votes.

I ask again - did the Govt and Kimunya forget that they had a fiduciary responsibility to calm the markets amidst the billions of shillings lost (much more since nov/dec 2006)? and if they do, what have they done about it except issuing paniky statement and branding certain sections of society (lake, sea, river people) as "fish market traders"?

Must the govt intentionally or unintentionally allow the loss of more than 500-B Kshs from NSE in order to stop ODM? And when did the NSE start bleeding?

Majority of traders today said the CEO of Old Mutual address to calm the markets was a stature of a real finance minsiter. And the ODM's visit to the bourse and calm it was presidential.

Meanwhile the elected presdient was still caring less, in gusii issuing new districits and the responsible minister of finance at it with politics.

MM
 

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