Katsumoto:


Where did SLS learn that the functions of a Central Bank Governor includes being a regulator as well as a competitor in a market he seeks to regulate? Was he taught this at ABU? Or did he pick this up during his work experience?

Can SLS or his supporters point to another example in the developed world? I started the thread with questions about his educational and professional background for a purpose.

ola olabiy:

Are you joking, mate?

Are you joking?
Is CBN the only central bank in the world to engage in profit-making ventures?

I am waiting.

Katsumoto:

Stop asking questions that it appears you have the answer to; if you have the answer, simply provide it.

ola olabiy:

I want to be sure first.

Are you sure the CBN is the only central bank in the world that engages in profit-making ventures? Yes or No?

Katsumoto:

Do you want to keep going around in circles? Please simply provide the answer. My point is clear; if you disagree, present your case.

ola olabiy:

The FED in America makes profits, too. It engages in profit-making ventures.

Katsumoto:

That is a rather sweeping statement; be specific with regards to the money making activities.

ola olabiy:

Now you agree it does make profits?

Katsumoto:

You are trying to be clever with words. All Central Banks yield income to cover expenses through lending and purchases of securities that yields an income (interest). The comment I made and which other posters made relates to the commercial activities that Sanusi wants to engage in. If you know any Central Banks that own hotels or poultry, please let us know.

ola olabiy:

You are funny, mate. Do they all have to own the same type of businesses? The fact is they have Limited Liability Companies as well. And, they make profit like private businesses.


The main thing here: Limited Liability Companies.


That's that.

ola olabiy:

You are funny, mate. Do they all have to own the same type of businesses? The fact is they have Limited Liability Companies as well. And, they make profit like private businesses.


The main thing here: Limited Liability Companies.


That's that.

Katsumoto:

You are yet to tell us the commercial activities that the Federal Reserve Bank or any other Central Bank engages in. Central Banks derive income from their monetary operations and not through commerce. The Central Bank of Nigeria also makes money from its monetary operations.

You need to tell us what commercial activities Central Banks engage or quit arguing the point.

In any case, I am done arguing this point.

ola olabiy:

Katz, we are friends on this forum. And, you know how much respect I have for you.

But, it doesn't mean we can't disagree because you seem annoyed right now.

I hope you see things this way and I hope this Sanusi issue will not drive a wedge between us.

[size=18pt]I am sorry for whatever I might have done wrong[/size]

iragbijile:

Am I the only one who thinks Katsumoto is an ediot?

Wow!


I am actually impressed that everyone bows to Katsumoto, even Ola olabiyi.

Wow!, interesting!

Only Kddrim and I see it differently

Katsumoto baba, you don kowo je for NL.

haha, this one pass juju. Who ever is doing it for you, please can i have some?

I hail oooooo, Katsumoto

Even after Ola olabiyi proved you wrong, the guy dey prostrate for you?

The baba wey dey do am for you, me sef I get interest ooooooooooo

iragbijile:

Quoted for posterity.


@Katzumoto,

Seriously, I wan do some jas. iwo bobo yii le gan shaaaaaaa

if you cant beat them, JOIN them.

Show me the way to the BABA wey dey do this thing for una.

You can do no WRONG on NL. This is unbelievable. Even though you are g/a/y/, NL women, single and married, still fawn all over you like sweeeeeeeeeet.

Like seriously, who is the man wey they do the 'aseje' for you? me sef wan eat some 'aseje' ROFLMAO!

mama-gee:

I would label him as all of the above. . .

He possesses all the quality that was mentioned.

ola olabiy:

Mama! If Katz cash you.

Point?

mama-gee:

Point?

Does the FED have LIMITED LIABILITY COMPANIES OR NOT?

iragbijile:

Am I the only one who thinks Katsumoto is an ediot?

chamber2:

why not support your claims with evidence rather than hoping to get a YES or NO response?This is supposed to be a forum where participants learn from one another.

Maiden Lane Transactions refers to three limited liability companies created by the Federal Reserve Bank of New York in 2008 as a financial vehicle to facilitate transactions involving three entities

ola olabiy:

What quality does he possess?

What part of "all the qualities mentioned" didn't you understand?

The Maiden Lane subsidiaries of the FED are limited liability companies.

chamber2:

Maiden Lane Transactions refers to three limited liability companies created by the Federal Reserve Bank of New York in 2008 as a financial
[b]
The highlighted words above makes it quite different from what our CBN is currently doing.Let me refer you to KAT's statement below:

''Central Banks derive income from their monetary operations and not through commerce. The Central Bank of Nigeria also makes money from its monetary operations. Please list the limited liability companies that are owned by Central Banks (Federal Reserve) and the operations they are engaged in.''The company is still under the main activities of the FED-ensuring smooth and flexible financial transactions.

ola olabiy:

Katz, we are friends on this forum. And, you know how much respect I have for you.

But, it doesn't mean we can't disagree because you seem annoyed right now.

I hope you see things this way and I hope this Sanusi issue will not drive a wedge between us.

I am sorry for whatever I might have done wrong

iragbijile:

The great Katz has finally forgiven Ola

Ola, now go and SIN no more.

No more debunking Katz baseless assertions, lets all get along while hailing the greatness and the infallibility of the one and only Katsumoto who, unlike the rest of us, knows ALL.

The all knowing Katsumoto. LOL


SEFAGO, please come help me HAIL Katsumoto!