Tuesday, November 26, 2013

LPM relieved that Kenny Anthony did not treat LIAT like Grynberg

8 comments:

Anonymous said...

We have a lawyer as PM and someone unknown to make this contract...
With so much professional talent the results are :-((
There are amateurs and professionals,consider for yourself what we have.
Poor taxpayer !

Anonymous said...

Maybe there was no change of treatment. Maybe, just maybe, the LPM is barking up the wrong tree on the subject of Grynberg.

Anonymous said...

LPM= las Paler Maggie.

Anonymous said...

How St.Lucia is able pay half a billion US$ for Grynberg??
rounded figures are:
annual revenue = 840 mill.EC
shell out for Grynberg( half a billion US or 500 mill.US) =1350 mill. EC
Population = 160 000 people

=aprox.8440.-EC per person (including babys, grand parents and all unemployed....

Anonymous said...

Why don't some of you grow up choops ! If paying 500 billion dollars means that the lpm people are talking Maggie then you are truly an idiot. I don't understand why foolish people like to burry their heads in he sands. Deal with the issue at hand and stop making a fool of your self - it's not the lpm people who are going to suffer its all of is . Damn it!

Anonymous said...

Saint Lucia has once AGAIN INCREASED its NATIONAL debt liabilities with this come-to-be-expected irrational financial deals, only this time this peculiar and unsecure financial involvement and commitment is to LIAT. Who or what's next?

There are no assets backing this, in the event of failure. And this venture is always in failure mode.

Once AGAIN, our financial novice (our King Midas in reverse financial-agreement-signer) is increasing our debt burden, when EVEN now, the kerfuffled King is clearly unable to fathom or to REDUCE our present obligations, in the face of a steady decline in economic activity.

Saint Lucia's economy is in recession!

This King Midas is nothing less than an increasingly mounting financial disaster!

When will Saint Lucians ever come to the realization that we can ill-afford to enable 'freedom of movement' in the OECS, based on commitments to a failing transportation venture in which we do NOT have any equity interest.

We cannot direct, as shareholders do, the STRATEGIC DIRECTION of LIAT. A significant interest where your voice is heard, is roughly 20 percent. You get respect with this.

We have nothing near this sort of stake. We don't even come close!

So why the hell are we obligating Saint Lucians, now and in the future, to dig into our financial purse, should those holding the debts or RECEIVABLES from transactions with LIAT call in any loans, or call for immediate payment?

Where did these confounded people go to school? Is that what they teach regarding Finance in UWI Law Schools?

We keep on pushing square pegs in 'wrong' holes.

All of this confounded foolishness does not make any kind of financial sense to me at all!

Anonymous said...

The tragic stupidity of this Ministry of Finance is enough to make one seethe, looking its unending history of egregious financial blunders.

Anonymous said...

It is highly irrational, nay, ridiculous and very irresponsible, in this day and age, for any Minister of Finance to only take stock of the direction of the economy, based mainly on figures generated at the end of the year!

At this stage, it like most of us, is just a mere witness, powerless to effect meaningful changes, and consequently, not at all, the manager of the store.

These LPN fellows, (not LPM, LPN being the designation related to licensed professional nurses) are caretakers of the sick, the status quo.

This clueless Ministry of Finance is pouring torrents of financial misery and burdens on a hapless population, and they are ... incredible as it sounds! ... "relieved"?