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2011
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April
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- 5 tips to brighten your relationship (part 2)
- What a Royal Wick: the last 7 days in 16 (23rd to ...
- Retail Therapy La Place Carenage – Shopping and Ja...
- Kiwanis One-Day Project
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- Living to book a mention in ‘God’s Good Book’
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April
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7 comments:
Strangely, Kenny Anthony is particularly silent on this very serious matter. This mess began in full swing under Kenny Anthony's watch. Nevertheless, Stephen King, like the idiot that he is, did no better, and continued to play dirty politics with the St. Lucian investors. The Credit Unions especially, most importantly, the long standing investments of a significant number of civil servants who will be affected by the CLICO fallout.
But important to note, is the deafening silence amongst so-called educated St. Lucians on this very important matter.
There must be an inquiry into this sad and irresponsible affair. Ministry of Finance Officials who were engaged in the regulation of CLICO over the period where certain concerns were raised must be brought before the public to account. In fact, these same strange creatures, pretending to know what they don't know, three of them in particular, have been posing as consultants over the past two to three years, at the same Ministry of Finance. These people must be exposed to the Public for the loss of those millions of dollars to St. Lucian investors.
The next question to be asked is who were the persons involved in the so-called negotiations with the demised CLICO. Did they understand what they were dealing with. Too many of those so-called intellectuals are posing under great pretense as so called technocrats hiding behind a veil, that few people in the general public, recognize that they don't know what they are dealing with and or discussing.
It was clear that the bogus experimental recommendations/game playing which was being presented at the Sub-regional level was a big joke. Who headed that so-called Regional Committee, and who recommended that individual? What are his qualifications and experience relative to the work of that Committee at hand? As I understand it, his Chairmanship at these so-called Sub-Regional Meetings were sick jokes, and was the butt of several jokes in the Sub-region. What a sad state of affairs on such a serious matter, involving millions of dollars of St. Lucians money.
CL Financial and any of its affiliates ought not to see the light of day in St. Lucia, ever again. And that includes the one being managed by one Mrs. Jn. Marie. Given the mess left behind in CLICO's devastating financial fallout, we all must be very wary, and learn our lessons with anything that smells of CLICO.
Not one single voice at the Ministry of Finance was heard throughout this whole ordeal. Stephenson King realizes that he is now completely exposed and is pretending that he is in the investing Public's interest. No. not now. It is much too late for your annoying voice. Millions are going to be loss, poured down the drain. Cover-up,cover-up, cover-up. That is what has been happening. Who are the ones behind the cover-up at the local and regional level. The investing Public wants to know. Some persons must pay the price of such losses to innocent investors.
Now who is that Surage? The Public must be introduced fully to him, so that we who have invested our hard earned money in CLICO must have confidence in that person, before any such agreement as Judicial Manager is concerned. Frank Mayers was a great mess. He treated us innocent and hurting investors at his so-called meetings with contempt. These people at the Ministry of Finance and whoever is giving them bogus advice at the Sub-Regional level must pay the price for our losses.Many of us are going to loss our hard earned savings and coverage of our health expenses, as well as those of our family members. Some persons must pay the price for our losses. It must not be swept under the market.
Mr. Stephenson King, you must conduct a Public Inquiry into this CLICO matter here in St. Lucia.This will help put things to rest in our minds, otherwise it will continue to remain St. Lucians bete noire.
Anonymous Number 1 ....I agree with you totally but maybe St Lucians were not affected enough but the CLICO/BAICO fiasco to complain or are they sitting on their complacent asses as usual and wait till someone does something for them; including the government. I am happy that Barbados investors and policyholders are being proactive and have taken CLICO/BAICO to task and also taken their government to task. What is Saint Lucia's policyholders and investors doing? waiting for Stephenson King who does not understand his arm from his elbow in the matter to fight on their behalf? In the first place this opportunity if you may call it so found him UNPREPARED to even UNDERSTAND the implications of the issues involved far less to initiate discussion and to take appropriate action. Like you I am stunned as to the silence of Dr Kenny Anthony on that matter and he too better rest assured that if he is re-elected to office; he WILL have to deal with this matter so he had better start the discussions and not avoid them.
To Anon #1
You said "the St. Lucian investors". He, he, he,
Like investors, like investments.
This is another one of the CSME's messes. St. Lucians should never again put money in any kind of financial institution that is headquartered in TNT. That country has a long history of evaporating money.
Check it out. All over the Caribbean, be it a bank or an insurance company with its parent company in Trinidad, it is just a matter of time before the financial problems begin. Petro dollars hide a lot of financial failures in Trinidad. Without oil, Trinidad would spoil.
Anonymous Number Three, please be more considerate than that. You cannot be he, he, heeing over we innocent people who Credit Unions and other very responsible people, or so we thought held sessions to tell us about the great investments for health coverage and long-term investments CLICO afforded. More than that the executives of CLICO had the sound blessings of every Prime Minister from John Compton to Stephenson King. My investments through my policy premium payments began in 1982.
What this mess teaches me is to be very vigilant about whom I trust to believe that my money is placed in a sound investment. All that glitters is never gold. That persons in Public Office who are expected by virtue of the official functions to protect the investing public, are very often, in bed, with crooks. Covering up their crookedness, over and over again. But more than that, when things go awry, they now have to cover up their incompetence, as well. They were sleeping at the Regulatory Wheel, not understanding one hell of what they were doing, out there at the Ministry of Finance. These are the Reports we are getting from Trinidad and Tobago. The signs were evident for some time now, but the idiots at the Ministry of Finance were consistently being hoodwinked through lunches and dinners.
Some body/ies got to pay. Some heads must roll. Our monies are not going down like that.
King, no comprende.
Our monies are not going down like that.
so tell us please, how will your money go down if it didn't go down already?
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