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cmascoll.jpgDavid J. H Thompson MP

The parliament of Barbados today debated amendments to the Co-operative Societies Act. A member of the BU household listened to the ‘live’ debate with great interest and filed the following comment by email:

Several contributions were made on both sides of the Lower House which in a nutshell lauded the contributions by the several credit unions to the development of Barbados through the years. Special mention was made of of the assistance which credit unions have made to enfranchising the working class population of Barbados. We don’t agree with some of the amendments to the Co-operative Societies Act but we will defer comments until later. The fireworks bursted into a bond fire when Minister of State Clyde Mascoll rose to close the debate. In his opening remarks he labeled the contribution by Leader of the Opposition as ‘trash’ but he was quickly persuaded by the Deputy Speaker to withdraw his disparagingly reference to the Honorable member of St. John.

Before one could blink the debate descended to the bottom of a 40 foot pit toilet. In Thompson’s earlier contribution to the debate he had made mention to the time when Prime Minister Owen Arthur accused Clyde Mascoll, then a Democratic Labour Party (DLP) member of parliament and a director of the Barbados Public Workers Credit Union of misappropriating funds from the credit union. We always get a kick out of how MP’s under the cloak of parliamentary privilege seek to rubbish the reputations of law abiding citizens in the country. Those of us who heard that debate remember Arthur telling Mascoll to bring back the credit union money! Mascoll in his wind-up of the debate elected to defend himself by referring to the current DLP candidate Stephen Lashley who was the Chairman of the credit union board at the time, by deflecting Arthur’s accusation to mean the whole board. He also went on to mention the name Irene Sandiford-Garner who is another current DLP candidate. We will leave off the details about Mrs Irene Sandiford-Garner because we feel it was unfortunate that Mascoll mentioned her name at all. Mascoll’s opening contribution was interrupted several times by Thompson who rose on a point of order to remind Minister Mascoll that he should confine his rebuttal to what Thompson had referenced Arthur as saying. Eventually the Deputy Speaker was able to wrestle order and a ruffled Mascoll continued with the job of winding up the debate.

Lessons learnt from the clash between Mascoll and Thompson this afternoon:

  • There is much blood letting which the public can anticipate in the upcoming election because of a vendetta which as emerged between the two

  • Mascoll, of the two appeared more ruffled and came over as immature in his desire to divert a serious debate for what seemed to be personal reasons. If we extrapolate based on the Mascoll performance this evening then…

  • Arthur’s continued absence from the Lower House created a vacuum which seems to have prematurely elevated Mascoll to speak on economic matters. Although Mascoll spoke with passion and showed intellect in his contribution we were let down at his inability to fuse some social concerns raised by other members in his presentation

All in all we were disappointed with the overall level of the debate which as usual proceeded down the party line.

 


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104 responses to “BU Report Emailed From The Parliament Of Barbados On The Debate Of Co-operatives Societies Act”


  1. Asscoll was left without a leg to stand on in that exchange today !

    Try as he might……Bajans ( Asscoll included ) knows full well that Arthur directed his accusations to the representative for St. Michael North West…..Clyde Asscoll at the time…..!

    What Credit Union Board…..Asscoll talking about….?

    Who Arthur was referring to when he spoke about the……:

    ** The fowl – thief…..? Asscoll !

    ** Extension of home without T& C approval….? Asscoll !

    ** A political Stepney….? Asscoll !

    ** Voter bribing in St. Michael North – West in the 2003 general elections……? Asscoll !

    ** If he had a retarded child he would not name it Clyde Mascoll……? Yea RIGHT..Asscoll !


  2. If you want feeble discourse then wait until this Sunday morning and choose any church across Barbados and attend the Sunday School.

    Parliament is not such a place. This is where robust discussion takes place, it not for the faint hearted nor girly men.

    This chamber is for people with back bone and good stomachs!


  3. I thought Mascoll was a total disaster. David Estwick chewed him up on basic principles. Thompson made the important point that Barbados is a society and not just an economy and the role of credit unions needs to be seen in that context. I agree.

    The credit unions are a countervailing influence on banks and must be seen in that way. The restrictions, as I understand them from the debate, are not in the interest of the coops in Barbados.

    David Thompson is a fine debater. I must confess that his interjection with what Arthur said about Mascoll stole the show. Clearly he is not afraid of Arthur or Mascoll.

    Mascoll was just not up to it.


  4. Trust me if I were ASSCOLL I would pick my opponents in debate very carefully and certainly
    I would run far as hell and hide as best as I could everytime I saw David Thompson coming my way because he does not come out of any debate too well once David Thompson is part of the debate, he was left in tatters and made to look a total idiot today.
    (I know guys we know that he is an idiot)
    Actually I am not sure that he ought to feel comfortable debating against any of them on the other side, sadly ASSCOLL there are no Gearboxes in the House of Assembly but based on his level of peformance today he may even be challenged in a debate with Gearbox his performance was that poor today to leave he and the party severely concerned about his status at election time.
    What ASSCOLL has not realised is that the DLP has his measure and they know how and what to say that tears him to pieces and instantly his temper cuts in and he then becomes unable to speak or deliver what he wants to say, and from there it is all downhill rolling to the pit for him and today was a classic example of this manner, when he fell apart in did so in such grand style the opposition and his own members began to laugh at him what a disgrace to the House of Assembly is this where it has reached ?
    More amusingly was towards the end of the fireworks when he thought his mike was switched off he said to Prescod hey Pressie I knew he wanted to debate me but I got him , if ASSCOLL could seriously feel for a minute that he came out that exchange looking good he has to be mega sized idiot and clown.
    The boy is simply an upstart and a clown , I am sure seeing that Owing has neglected his job since the Budget he must be smiling at the way he ASSCOLL is being destroyed by he Owing and the party that he is so at homw with and also in no small way David Thompson is becoming his worst nightmare, he seems to have these nightmares at every step along the way even in full daylight he is being haunted.
    It could not happen to a better person nothing he receives is too bad for him, he is a sad and sick liar.
    I sit and shake my head in disbelief when yet another day in the life of Parliament and our Prime Minister is yet again another no show, now let us put this no show into perspective when one considers that he has been a no show since the budget reply (where he received a hammering from Mr David Thompson with regard to his handling of that cheque) but since the budget until today he has not seen it fit to represent the people of St.Peter in the House of Assembly.
    It begs the question what exactly is the reason that has kept him away from doing the peoples business, is it a fear of coming face to face with Mr Thompson ?
    Or is it his fear that he will get some harsh questions about his handling of a multitude of questionable deals ?
    Fear not Owing this will be addressed by the DPP after the next election, no not in the House of Assembly,no not just yet it will come when the time is right and ready.
    You need not hide at this time you need to face the public and face the music.


  5. Anonymous // Nov 13th 2007 at 7:50 pm

    If you want feeble discourse then wait until this Sunday morning and choose any church across Barbados and attend the Sunday School.

    Parliament is not such a place. This is where robust discussion takes place, it not for the faint hearted nor girly men.

    This chamber is for people with back bone and good stomachs!
    ——————————————————
    Oh give me a break. Parliament is no different than the average rumshop, thats why drunkards like Owen does feel so comfortable in there lambasting people’s names.


  6. Mascoll is going to destroy himself. He has this vendetta against David Thompson and the Prime Minister has left him out there to be swallowed. If he really believes that his colleagues in the BLP have his back then he has got to be the most stupid Combermerian I have ever come across. It is ironic that he behaved the same way at school.


  7. Mascoll definitely appeared rattled. Mia et al if they don’t want to suffer collateral damage in the upcoming election will have to give Mascoll some coaching lessons. At this point they have no choice, ALL for ONE and ONE for ALL.


  8. Did anyone else have the same feeling as me that it was going to be a clash of sorts today? I did and I listened from the beginning to nearly the end today.
    When will he learn he is not skilled debater actually he is a very poor debater and when will he realise that somethings are better left alone, when he has said so many different things to so many people he must realise that Mr Thompson has an arsenal of fire power to throw at him on nearly every subject he attempts to address, why then not keep his mouth shut and let people believe that he is an idiot than to open and remove all doubt?
    He is digging a deeper and deeper grave with his every utterance, what he seems not to realise is that he maybe taking some casualities with him as well.
    Meanwhile Oweing is sitting back and enjoying his decline and dismissal.


  9. Is “wishing in vain” a member of parliament?


  10. WIV we got your email and it makes for interesting reading. Unfortunately can’t verify much of the story but if it happened all we can say is SHAME!


  11. I say SHAME too, this is real and it is as reported no ifs buts or maybe’s.
    I would not provide that information nilly willy as you have seen people have been named and places named.


  12. David and WIV either share the email with the rest of us, or take wunnuh “one on one” converstation off de blog tuh email. 😀 ……but if wunnuh feel the need to share on an idividual basis my email is aohinds@verizon.net . 😀 😀


  13. Adrian I thought you had got caught in a snow drift not hearing you chirp for so long.

    David tell me something that I have been meaning to ask now for weeks and keep forgetting!

    What is the significance of some posts having in the corner of them a “Rooster” or as we call them a Fowlcock and in others it looks like a pitch fork”

    The new heading on the blog today pretty as pum pum.


  14. Adrian H the email from WIV gives a background to some allegations which were made by WIV. We would love to share but it is the call of WIV.


  15. Adrian I made a statement that Owing was involved in a deal for gov’t to pay an excessive price for a piece of land if the excess over the asking price was kicked back to Owing and Nicholls, I named where the land was situated and the players involved but I have asked David not to reveal them to the general public, but I provided him with the details to let him see that it was real and there was no bluffing involved.
    This is but one such incident I know of two others maybe not of the same size etc but Groves is another such setup.


  16. sent to -: webmaster@nationnews.com, pamalaproverbs@nationnews.com, janicegriffith@nationnews.com, artwork@nationnews.com, nationnews@sunbeach.net

    Dear Sir / Madam,
    It is with much regret when I read your story of the coverage of the debate in the house of assembly of yesterday’s date that sadly (maybe for your own political reasons you do so)you fail to mention the friction that ensued between Mr Mascoll and the Leader of the Opposition Mr David Thompson, is it because Mr Mascoll came out of the robust debate badly wounded that you decided to protect him?
    Or was it just very poor coverage of the event on your part?
    Which ever it was you are doing a disservice to your readers when
    you willfully choose to not report on matters as vital as this issue turned out to be.
    Please remember that people from both sides of
    the political fence buy your newspaper and they both deserve a higher lever of reporting than you are currenty displaying.
    Please pull your socks up and get real and report honestly and sincerely on matters that affect us all.
    regards


  17. no name: No snow drift can withstand the heat of the goings on in Bimshire.

    WIV: Just so you know, I stand ready to receive any and all bits of info that anyone in Bim may be scared to divulge.


  18. the blp seems to be on a pr program the one Muscle Mary Lynch parading on the call in show


  19. rasshole idiots.

    Barbados does laugh at wunna foolish a*ssholes


  20. BU found it very interesting to hear the General Manager of City of Bridgetown expressing his concern about one recent amendment to the Cooperative Credit Union Act which will now require all members to maintain a minimum of $50.00 in shares.

    His concern was his credit union was not consulted on this change which was apparently inserted one week ago into the proceedings. He felt that several hundred of his members will be disenfranchised because they use their accounts to cash their weekly wage and not to save. These people will now become marginalized because the banks don’t want these people.


  21. Mr. Bell’s revelation is not good news for Mascoll who was at pains to point out in parliament yesterday that the relevant stakeholders were consulted on all the changes to the bill.


  22. Are we to seriously to believe anything that ASSCOLL states in the house or otherwise ?
    The man is a compulsive sad liar and he will never change, end of story!!


  23. What did we expect ?

    Some years ago…..Arthur called Asscoll a TIEF and told him to take back the credit union money !

    Asscoll is now a PROUD Bee and says Arthur was not referring to him !

    The response of a typical……ASS…..COLL !


  24. Is there any parish that has had two Prime Minister elected from that same parish?
    I think not but we are about to create history by Having St.John delivering both The Right Honourable Errol Walton Barrow and The Right Honourable David Thompson to the people of Barbados.
    Congrats to the people of St.John for having first elected Mr Thompson over 20 years ago to see him rise to the post of PM is a credit to the voters of St.John and to Mr Thompson well done.


  25. Bring on the vote of No Confidence bring it on and let us have some more fun with the idiot, lets hear him scream and shout and get to the point where no longers speaks that you can understand what he is saying lets do it and give the public more entertainment at his expense.

    My feeling will be that every member of the DLP team will be well armed and ready to take up the challenge of the debate despite the depths Owing will stoop to be dirty, my advice is to focus with the mission at hand and to deal with it clinically and destroy him as he deserves to be destroyed.
    You may find that some on the other side may even remove themselves for the vote or better yet if they could get past their fear of Owing terrorising them in the middle of the night with his now famous abusive telephone call while in his druken stupor, they may even vote with DLP.
    They must press ahaed in the knowledge that they are doing what is right to do and do so without fear.
    Owing is sadly shows the traits of a spoilt child and his bullying and his dishonesty have gotten the better of him, what a fine team he and ASSCOLL make two compulsive liars both of whom consider the deal and how it will enhance their bank account before of putting Barbados first, sounds like most of them from the blp does it not ?
    Reminds me of MM Noeless Lynch and his arrogance and his now famous walkout when asked where he so quickly ammassed his wealth on the salary of a MP me to I want a plantation but not on my small salary but Lynch manages to get it done.


  26. I am having great difficulty appreciating why greater government regulation of credit unions is this high on the government’s regulatory agenda. With a Billion dollars in assets spread across thirty plus credit unions, credit unions hardly seem to pose any systemic risk to the financial system. Is there any evidence that there are problems in the credit union sector that require urgent regulatory attention? Is there any evidence of greater laxity in lending standards that endanger the safety of members’s funds? If there is such evidence then fine, if not why is this a legilsative priority? Is the government responding to lobbying by other financial instiutions who are feeling competitive pressures? Did COB’s purchase of some land on the West Coast raise fears in certain quarters? Is the government dominated by perons who have no real appreciation of the contribution that credit unions make to the vast majority of their members?


  27. If I were the blp I would stop posting the lies as they are doing and report the truth, and report on the VECO, PRISON,ROAD WORKS ,3S DANOS, GREENLAND, NEWTON UNFINISHED BUILDING, CHEQUE , THE BATHS, HARDWOOD HOUSING INC, ST.PETER DEVELOPMENT COMMITTEE FUNDS.
    Then maybe people would take them more seriously, it is not amazing that those that are at the head of the stream are not saying a single word in defence of any of these massively cost over run projects?
    I wonder why this is? I am sure if everything were above board and honest they would be trying to destroy the Opposition on these matters.


  28. Please pay attention to two excerpts taken from the BLP website,
    You clearly have missed (I assume it did not serve your purpose to the the following) the fact the when the votes of the two opposition parties are counted they far exceed the number of votes cast for the PNM by nearly 50,000 votes how then can you conclude that the voters did not want change?
    They most certainly and clearly wanted change beyond any shadow of a doubt.
    In an attempt to sway the Barbadian voters why do you willfully LIE as you have done in this case to try to prove a non point ?
    This merely exposes you and your party as a group of liars intent on lying to fool the masses of Barbados.
    When you do things such as this lie, it tarnishes you and all your party as a group of power hungry liars!!
    Grow up and try to learn to ( it maybe hard but try nevertheless) speak the truth for once in 15 years and people will respect you more for it.
    Owen you wont be so lucky you crook we are going to throw your ass how could you go in to politics very poor and with in a little more than 12 years u are worth 90 million dollars yes by shaking down people you crook


  29. softman
    Very well said my friend this is certainly a case of too much gov’t involvement being a bad thing.
    The credit unions have peformed a role in the society that is to be looked up to, and never have any of them ended up like that fiasco that was Trade Confirmers.


  30. We hold a slightly different view to softman.

    Although the 1 billion asset base is scattered across 30+ credit union there is a heavy concentration of that asset base between City of Bridgetown and Barbados Public Workers Credit Union, not sure how much but it must be over 50%. If we look at it through the eyes of the regulators the industry cannot expect to operate as banks do and avoid being more regulated.

    The next point is the change to the international accounting standard which now requires significant changes to how the credit union is expected to configure their balance sheets. In other words the financial markets of the world appear to lay people like us to be connected. Credit Unions in Barbados have to manage on par with global practices.

    Could we not see the 6 year hiatus of this bill which has now been put into effect as responding to international requirements? We have already written that we don’t agree with all the amendments but who ever is in agreement with anything 100%. Remember people it is the silly season so be careful of all the issues being politicized.


  31. Then maybe people would take them more seriously, it is not amazing that those that are at the head of the stream are not saying a single word in defense of any of these massively cost over run projects?
    —————————————————————-

    Which Government would admit about over-spending or the rationale regarding cost-over-runs. That is the job for the opposition to question them so that the voters can reach a conclusion. So stop repeating the Vecos, highway and prisons scenarios and let’s hear the opposition’s say. I am waiting for answers like you, but we might be the voices in the wilderness at the moment. Voters always have the last X.


  32. I am certainly not seeking to politicize this issue. However, politics and government regulation have a great impact on out lives. A major aspect of the credit union movement that has been largely ignored in this debate is the high level of self regulation by credit unions and the emphasis on global best practices promoted by the creit union movement internationally. To the best of my knowledge there is no evidence that credit unions in Barbados are out of step with international best practices. Governments in the US, UK, Germany and many other nations seem quite comfortable with the level of self regulation practiced by credit unions. What is so special in the Barbados case? I am open to a persuasive argument.


  33. softman, maybe the best analogy we can use to illustrate our point is to cite Neville Rowe and his Julie N experience. When the stores were operating from Swan Street and Oistins he was doing well. He decided to expand and to compete with JB’s, Big B’s and other large supermarkets and as they say, the rest is history.

    To say that the industry has been self regulating all over the world is not sufficient reason to say the industry should escape the increase attention of our regulators. Financial markets across the world all operate interdependently whether we like it or not. Additionally some markets can absorb shocks more than others. To do a comparison in the way that you have seem to remove the right of our policymakers to implement regulations which is based on our learning and experience. There is a reason why Barbados has earned the reputation that is has vis a vis a stable financial market. One might even stretch it to say that the confidence which exist in the financial market in Barbados is a benefit to the credit unions in Barbados 🙂


  34. David, how could the “Julie N Experience” be any kind of analogy or illustrate the point you are trying to make?

    Can you elaborate on the “Julie N Experience”?

    Are you saying that when Mr. Rowe expanded Julie N that Big B, JB’s et al reacted in such a way that caused the demise of Julie N?

    “The rest is history”. Unfortunately we the public are not privy to all the facts but it would make a fascinating case study. You hint that it was pressure from big business that caused JN to flounder. Is that really correct?

    What happened to Budg Buy /Care Mart?


  35. Smallbusinessman~all we are saying is management strategies in a scenario A may not suffice in scenario B because of a number of factors. It could be limitation in management expertize or …


  36. Our Governments do what Bizzy and his friends tell them to do….(like the flyovers etc)

    Now as to why there is a need to muzzle the Credit Unions?

    As I said before, that movement is the single most powerful entity in this place (POTENTIALLY)

    In the past it was controlled by lack of access to substantial funds.

    Big business now need to muzzle the movement BEFORE the jokers who run it awake one morning and realize how much influence they could have in this island.

    Previous to this bill being passed ‘against the people of Barbados’, Credit Unions could potentially close down the BS&T high prices gang with a competitive alternative supermarket system and with their fraternal connections.

    That ‘danger’ is no more now….

    …the last life line has been cut…. well done BLP


  37. My question is fairly simple and is not addressed by your response. What about the credit union experience in Barbados justifies this need for special regulation? I am open to a persuasive argument.


  38. The BIG sad lie continues !

    In the House Assembly on Tuesday…..Asscoll said all stakeholders were consulted !

    Two ( 2 ) days later Steve Belle, president of COB says that some very disturbing aspects of the amended Credit Union legislation was never shown to him !

    Oh what DECEPTION on the part of Asscoll and his BLP charlatans !

    And that DRUNKARD begging for 15 more years…..or even 5……?

    He better carry his…..ASS….COLL from ’bout here !


  39. softman~obviously we have a communication problem here. We thought we highlighted the reality of operating in a global financial market that international standards have to be respected at times in the domestic market.

    We also made the point that the size of the movement has reached a point where the risk profile has changed. The government has obviously taken a decision to be proactive and to strengthen the Cooperatives Societies Act not based on past or current conditions but possibly to fit an overall future government strategy.

    We do not disregard the concerns of working class Barbadians who may feel that the movement is being restricted. We too have concerns but we are skeptical that when the draft bill was circulated we did not hear the stakeholders ventilating on the issues in public.

    If we have not been clear enough for you then we are sorry.


  40. BU, does the inclusion of the pic of Erroll Barrow in your name banner mean that you’re now outright supporters of the DLP???

    Bimbro people will believe what they want, but no. The pic is a recognition that this is the month of our Independence and the late Errol Barrow is considered to be the father of our Independence. Maybe current politicians can look at his pic and aspire to be 50% the man that he was!

    David


  41. While we are discussing Hardwood Housing it is amazing what the Opposition have achieved todate, they have removed a number of illegal workers that ASSCOLL said were not employed there they have been sent home, we have learnt that with $ 100,000.00 and a politician friend who is due for payback for crossing the floor that is is possible to get a loan from a gov’t agency for the tiny sum of $ 2 million of our taxpayers dollars,we have learnt that HARDWOOD HOUSING is actually a gov’t owned and operated entity, we have learnt that there has been ongoing sexual harrasment and molestation taking place at the work site carried out by none other than the MD himself Murrell, we have learnt that of the story where they built 500 homes in Grenada that they built ZERO homes, we learnt the excessive cost of a few foundations that they tried to rip off another gov’t with the cost on, we are now learning that they have chosen another failure and friend of Hoyos to be the Managing Director this must be to fill the expected void when Murrell gets residence at Dodds for his molestation charges, we have learnt that they are yet to build or sell any of these homes to Barbadians in any numbers as was alleged,we have learnt that Hoyos while sitting on the Board of EGFL could be part of that board that would have oked a loan package of $ 2 million to a company he is Managing Director of this too is a disgraceful act of dishonest but lets look at who was appointed Chairman of the EGFL one Marinao Browne someone who is already before the courts for fraud at another banking operation,we have learnt that ASSCOLL used workers of HARDWOOD HOUSING to conduct work on his wife’s office building at Perry Gap surely this must raise a flag as a conflict of interest?
    In all it says to me that this company is as corrupt and was set up to filter taxpayers monies out to the politicians like ASSCOLL and Owing, a very shameful act of dishonesty.


  42. I certainly wish our governments were this proactive and moved with similar alacrity to address major issues in our society. Exactly how this is a legislative priority still eludes me and I have seen no compelling evidence that the risk profile of any credit unions in Barbados, and certainly not COB or Public Workers, has changed to the extent that requires increased governmental regulation.
    If my memory serves me well the initiative for greater government surveillance of credit unions preceded IAS 32.

    The urgency to deal with this still eludes me, I smell the strong lobby of an oligopolistic commercial banking lobby and a middle class suspicion of the safety of credit unions.


  43. That is what we thought, the old conspiracy theory is now revealed!
    Well you are entitled to your opinion.


  44. I find your comments rather disappointing. Raising the role of lobbies and lobbying in influencing legislation is hardly resorting to notions of conspiracy theories. The role and influences of lobbies is an established fact of legislative life in all countries.
    I would have hoped for some information on the changed nature of the risk profiles of local credit unions, that would push this issue up the government’s legislative agenda.
    There are lots of pressing issues in the society, some get priority on the legislative agenda and some don’t. My query is as to whether or not the merits of the credit union case make it a likely candidate for such urgent attention.


  45. Mr.softman we have a credit union movement which currently controls assets in excess of 1 billion dollars. Bare in mind that the credit unions have always operated under the Co-operatives Societies Act and one or two others, so regulation of the movement is nothing new. It seems to us that you have based your argument purely on why the government should prioritize the amendments to the act NOW rather other pressing matters. Maybe you have an inside track on the factors which would have influenced government to prioritize this matter, we don’t.

    Many of us have forgotten that the spurt in growth of the movement occurred because the government created the opportunity for Barbadians to benefit from tax concessions. It is well known that many of middle class Barbados have opened accounts at credit unions for the sole purpose of reducing their taxable income. It is one reason why the credit union movement has been attracting people of a slightly different background and why the movement has grown by leaps and bounds.

    The mistake which Denis Johnson and other keep making is the need to compare credit unions to banks. Denis Johnson should research the reason why PM Arthur decided to sell BNB to RBL. It was always his desire for this to happen.
    We should discuss the difference between banks and c/unions but we suspect that would open a can of worms.

    So Mr. softman to answer your question, you should ask Mascoll why he rushed to parliament now with an amendment to a bill which was being deliberated by stakeholders for the last 6 years. Frankly he has come-out of the exercise looking second best.


  46. I think the comments of Steve Belle a respected Credit Union chief about non-consultation and the impact of the amendment to the Cooperatives Act have done untold damage to Clyde Mascoll.

    I have seen this man stripped of any self-respect in the past few months. Why doesn’t he learn from Don Blackman, Richie Haynes and others when to lie low?

    He does not have the intellect or ability of any of them so he should try to learn from them. He certainly does not have the ability of Owen Arthur so why doesn’t Arthur protect him?


  47. I think the comments of Steve Belle a respected Credit Union chief about non-consultation and the impact of the amendment to the Cooperatives Act have done untold damage to Clyde Mascoll.
    I think what this ruling party is failing to realise is that they no longer control the means of accessing the news, their domination of the traditional press the TV station, the radio stations, the newspapers are now the most backward means of getting the news but insted the real news is being distributed via BFP and BU where Mottley and Arthur have little or no control or ability to distort the truth.
    So when that clown ASSCOLL speaks an untruth it is very quickly revealed as such on BU or BFP within minutes of his utterance of rubbish.
    You can hide and buy land ASSCOLL but you cannot hide and work it!!!!


  48. Velzo we have a couple of observations sparked by your comment:

    Was Steve Belle the CEO of Barbados Public Workers Credit Union when Clyde Mascoll and Stephen Lashley were on the board? If the answer is yes what can we say?

    Is it true that the Credit Union league would have been instrumental in providing feedback to government on the draft bill on behalf of its members? Who should be talking to the press, Steve Bell or the head of the credit union league?

    softman~ the link to the Barbados Co-operative & Credit Union League website maybe insightful. It shows that this matter has been deliberated for some time and the points of departure between the two parties. What is interesting is despite the 6% cap on investment in real property the Registrar of Co-operatives has discretionary powers to override.

    Here is a link which lists the proposed amendments to the act.

  49. Such stupid comments Avatar
    Such stupid comments

    David you ar right on the button and don’t forget the role of the beneficiary Mrs. Irene Sandiford- Garner, DLP Candidate for St. Andrew in this matter.

    Oh by the way is VELZO and WIV the same person? Seem so to me.


  50. Thanks for the explanation, David.

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