₦airaland Forum

chidichris:
@Ibeme,
if going by the story of this topic, what u wrote above is u opinion on this, i suggest you see your doctor.
did it not occure to you that the god the young man attacked is surposed to be more powerful than the youths as in fighting its own fight?
when peter in the bible attacked those who came after Jesus Christ, he was asked by Jesus to put back his sword because if it was a case of fighting, his father in heaven(God° would definitely sent him soldiers.
kumuyi built his church(deeper life) on such places as the people allowed him to be killed by the gods.
this is another way of testing the powers of the gods.

My friend, stop quoting bible for me.

The phrase "freedom of religion" applies to everyone, even Christians.

Unfortunately, the pastor has lost all reasoning by desecrating another mans place of worship.

If he is feeling brave, he should also go and burn down a mosque on the pretext that his God is most powerful. Lets see if the almajiris would not use him to make suya.

If he comes to my village to desecrate our Ogu shrine, he will also get the same treatment.

Since the Hindus in the UK have the freedom to pray to a pink elephant woman with six hands, who is this pastor to tell the youths that their animist religion is backward, and an imported religion is better than the one their forefathers gave them?

Oya, let him face the wrath of the youths since he cannot respect other peoples right to practice their own religion. Lets see if his God will save him.

FACE:
False Ibime, the demands for houses were real. What led to the credit situation was over-exposure of banks to "non-performing" loans. Many people defaulted on their loan repayments, banks stopped lending to other banks and withheld credit facilities, people stopped getting loans to buy properties, housing values plunged because there were more sellers than buyers because there were no loans, negative equities set into loan securities (properties), people just dey run helter skelter, downward spin , defaults on unsecured loans spiralled out of control and bang ------ recession.

Rubbish. . . . demand for houses was artificial. . . . created by unscrupulous lenders who gave mortgages to sub-prime clients knowing that they did not have the capacity to pay them back. . . . these companies then bunched all these mortgages into packages and sold them on to banks as structured products. . . . banks then took CDS positions on these "mortgage packages", and when the underlying failed to pay their mortgages, the system came crumbling. Banks started suspecting each other of hiding faulty loan and CDS defaults in their books and refused to lend to each other, hence the credit crunch.

In summation, under Islamic banking, a lender who offers a subprime mortgage to a client can never sell it on to a bank as it is haraam for a bank to trade anything other than the actual asset ie the lender would never offer the subprime mortgage in the first place cos there would be no one to buy the mortgage from them. Hence artificial demand was created by unscrupulous lenders.

Secondly, the CDS's which caused the financial crisis are forbidden under Islamic banking hence there would have been no bubble to burst.

In other words, you are chatting a bunch of bull.

BBC Transfer-deadline Rumours:


BBC Sport have it on good authority that Didier Drogba is holding a medical with MEND FC. Chun Li, the manager of Reptilez FC has failed to comment on speculation of the Ivorian hitmans impending transfer to MEND FC.

BBC Sport also understand that Gateman FC have been approached by Librans FC for a swap deal that would see Andy Keogh and James McFadden move to Gateman FC in exchange for Ashley Young. Gateman FC's manager was unavailable for comment at press time.

In other news, Chamo Athletic are locked in takeover talks with Sheikh Bin Yassin of the Sharjar Royal family. Fans of Chamo Athletic must be praying that the deal goes through before the 5pm deadline so they can acquire some players to help in their relegation dogfight.

KnowAll:
Easing a currency is for countries that have enough assets, and Nigeria has assets worth $52 billion dollars in reserve, in fact I doubt the current exchange rate of the Naira to the dollar, the Naira had gained considerably to all foreign currency in the last 4 years, but those in authority deliberately let it stay down.

The strong Naira was the reason why Soludo came out with the redenomination proposals, but the government of Yardua rejected it hands down. I would not be surprise if this policy is revisited by Salami. Ghana did it hence the turn around and boost to her economy.

Well said. . . . I think our foreign reserves are no longer $52bn sha. . . . it was about $43bn last time I checked. . . I expect it would be around $30bn now cos its been dropping steadily all year to plug holes in the budget.

otokx:
He should do the clean up without much drama.

I think you'll find the drama is created by political posturing from EFCC as well as journalists who are paid to advocate on behalf of the wrongdoers. Nuccas broke the rules of correct banking practices and put their banks in danger. The CBN bailed them out and sacked the nuccas for their wrong practice. I dont see what the brouhaha. Sanusi should ride on jare.

[quote author=Xavier. link=topic=317577.msg4461191#msg4461191 date=1251806215]Where in the world do government still print out currencies and pump into the economy? And u call that quantitative easing.[/quote]Its quite obvious you were the one who needed the refund from your higher institution. Britain and Yankee are also printing currency at this very moment. For a country with $30bn reserves, I do not consider $2bn worth of quantitative easing to be extreme. Yankee printed $300bn to buy junk assets from their financial institutions whilst Britain also printed £125bn.

Nigerians keep praying for someone to come and "clean up their system". The one has come now who is cleaning up what he can within his jurisdiction and they are throwing rocks at him. The miseducation of the Nigerian man is complete.

I hope the story is false sha.

This one don pass bomb threat. Na biological warfare be this abi?

[quote author=Xavier. link=topic=317577.msg4461057#msg4461057 date=1251804990]You call PRINTING N420 billion worth of CASH in an economy like ours quantitaive easing?

You should get a refund from your econmic lecturers.[/quote]Refund ke?. . . . common $2bn dollars na im you dey shout. . . .

Cecelia Ibru is a bloody liar.

Mosquitoes ke?

Abi them give her malaria?

Malaria has a 6 week ingestion period. If Cecelia Ibru was battling mosquitoes last weekend, I expect she will not be ill till mid-October.

House of Assembly must recieve their cut from any deal that goes down. If you wanna approve N420bn for the banks, you must first give them N20bn to share amongst themselves. If you want third term, you must first give them N100bn for them to change the law. Bloody bunch of crooks.

Nothing wrong with a bit of quantitative easing. We will see the effect on inflation maybe. Either that or deplete Naijas foreign reserves. Alternatively, let the banks fold and account holders lose all their cash. Perhaps quantitative easing was the best option from all the models available to Sanusi.

The police should have left the man of God to the youths, let us see if his mission was out of sheer bravado, or if Angels come to rescue him signifying that he was really commissioned by God to cut the tree down.

All these press releases are cursory political posturing from both sides.

We will wait till the amnesty deadline expires to see whether MEND still stands strong or whether the FG have disabled MENDs strategic capability by buying out some militants. MEND say they have militants to replace Boyloaf and FG says militancy in Bayelsa has been curtailed by the defection of Boyloaf. We will see. If I was to hazard a guess, I would posit that the defection of Boyloaf has strategically weakened MEND. . . . . but we will see in October. Expect a lot of fire, and a lot of casualties.

A lot of people misunderstand the merits of Islamic banking.

Islamic banking completely forbids structured products i.e derivatives, futures, options, credit default swaps,  etc. . . . anything that is structured around an underlying asset is haraam. . . . the only thing which is tradeable is the actual asset.

This evidently curtails artificial demand - eg the artificial demand for houses that led to the current economic crisis. Islamic banks always share the risk with their customers. ie they part-own the product until the customer pays it off. This shared risk nuances the bubble effect of speculation.

If Islamic banking was the world standard, it is not hard to argue that all the downturns, recessions and depressions that we have experienced in the world in the last 80 years would have been limited.

Go and study any economic crisis - from 1929 till date - they are always caused by speculative bubbles bursting - mortgages, savings and loans crisis, CDS crisis, tech bubble etc etc etc. . . . . they are always caused by the bottom dropping out of structured product markets.

Gani is the lion of the tribe of Nigeria.

I hope he would relax and attend to his health sha.

No2Atheism:
i also recommend:

1. islamic loving
2. islamic marriage
3. islamic jihad
4. islamic sex
5. islamic kissing
6. islamic education
7. islamic toasting

Islamic banking is good for Nigeria.

It is the same as Judaist banking, so the word "Islamic" should not make nuccas panic.

I am in support of creating a 'non-interest' bank in Nigeria - a bank which is forced to invest in goods and services, not speculative loans which have no impact on the economy.

Islamic banking is good for a developing economy which does not have the strength to go through boom and bust cycles.

I already discussed the merits in another post but the moderator deleted it. I cant be bothered to go over the same points again.

Pls, we would like our 13% of any allocation given to the almajiris, as it is obviously funded by our natural resources.

Sheva has joined Dynamo Kiev on a 2 year contract. . . .

@ all fans of MEND FC,

We are in a false position having taken a 28 point hit as a result of going into administration last week.

As a result, we have dropped to 19th position.

Please do not panic.

We will soon be back amongst the top contenders.

dayokanu:
ROBBEN IS GOLD!!!!!!!!!!!!!

Madrid must be retarded to sell that guy!!!!!

By next season, Madrid would realise that Robben is better than Ribery. Imagine selling Robben for £20m, just to chase Ribery for upward of £50m.

nateevs:
You must I seen what I posted during our match.
This is really messing with my mind.

Can you imagine me hoping Liverpool don't concede . . . a Chelsea rival?
I am hoping Spurs score through Defoe. . also wishing they don't concede
I am now beginning to cherry pick those I want to score in Chelsea.
Last season I would have been punching the air seeing Ashley Cole score.
Today I was wishing it was Lampard instead.

All that is wrong. Very wrong.

mystikal:
Its crazy, isnt it? I'm in your shoes too, celebtrating a Torres goal and wishing Defoe scores or Cudicini keep a clean sheet.

This is the reason Tamuno Ibime resigned his position as manager of MEND FC, and was replaced by Ibime Tamuno.

yes sir. . . . two nice goals by Robben on his debut.

Otokx is behind this.

chamotex:
What you people have failed to realise is that NO CONDITION IS PERMANENT.

2nd bottom today, 2nd in 4 weeks time. Na God talk am no be me.

I make the crowd stand up when Im blessing the stage/
The crowd make you stand up. . . like a Mexican wave!/
Dont make me show my threatening face/
Or Ill make you stand in cement. . . till you set in ya ways!/
Ya girl F1 guy who give her dough for stripping/
He park in her front grid. . . when she’s in pole position!/
She play you like a replay/ giving niggas BJ’s/
but if my girl played me . . . she must be a DJ!/
I surf on a heat wave/ Im heat resistant/
Whoever commissioned you. . . . should be de-commissioned/
Dont impede my vision/ When I speak, you listen!/
Something to say?. . .  raise ya hand. . . . and seek permission!/
I unravel plots/ of election fraud when I rattle shots/
Cos you’ll be cut in pieces. . . and stuffed in a ballot box/
I known to carry glocks/ at my own discretion/
Im bulletproof. . . and  wearing[i] slippers[/i] . . .is your sole protection!/
You get blown in seconds/ for posing questions/
Its a metasin . . . .to use metaphors. . . without quoting reference!/

Unfortunately, some folks are bringing ethnicity into this Soludo/Sanusi debate.

As far as Im concerned, what matters is the effectiveness of Sanusis measures.

So far, I give the nucca an A+ for performance.

Infact, he is the only positive thing coming out from Yar'Aduas Government.

texazzpete:
Sanusi has forced a bitter pill down your throat, so you don't have to choke down poison later on. You'd much rather have had the banks go to ruin before anything was done, abi?

The papers today report that over 26 billion naira debt has been recovered by the banks in question since Sanusi took action. Is that not a positive? Are you not aware that banks had resorted to paper adverts begging the presidency to help them recover debts BEFORE sanusi took action?

You people do not have the stomach for a revolution, or any action that could break a few greedy eggs. Too bad.

GBAM!!!

[quote author=tpia. link=topic=316062.msg4440975#msg4440975 date=1251474150]this is one of the most retarded posts I've ever read.[/quote]I wonder what difference the 1cm cubed per minute inhalation of second-hand cigarrette smoke makes to the 1000 cm cubed inhallation per minute consumed from Molue, Danfo and Trailer exhaust pipes, talkless of open incineration of refuse dumps.

Naija should face better things jare!

As for rural areas being clean, a visit to the Niger Delta would convince you otherwise. I am sure nuccas in the Niger Delta inhale more CO2 than nuccas in the city sef. I should know as my house is directly opposite Eleme refinery. On top of all the gas flaring from the refinery itself, my lungs are filled with the smoke from all the trailers coming to refill with petrol. Which kain rural area be dat?

More empirical evidence for DayoKanu to build his argument around!