Why Mr. Molasses just don’t CALL ELECTIONS.. and stop all this anarchy being experienced to Bajans before things escalate to unmanagable.
He has no ideas and just seem to be playing devil’s advocate….EVERYBODY from Brass tacks to Bridgetown to this blog nowadays seems very angry with everyting and every body…. a sure sign of choas coming

@David
Thanks for the correction.

@millertheanunnaki
The 180 degree turn by Lynch doesn’t make sense, but when one places it in the context of an election on the horizon and the CLICO corruption charges being metred out by the BLP I don’t put it too far from them to believe that Stuart having played at this ball [integrity legislation] which is a little outside his off-stump, that if he swipes and only nips the ball, then they could catch it and run with it.

I read the hurt in the comments of the DLP sypathizers as they try desperately to explain how their party was found with not only their hands but their entire bodies in the cookie jar of Clico. But David and the other bloggers on this blog would recall my many writings and warnings about what was going on at Clico between Parris and Thompson. Time has been my ally.

The Dems on this blog can cut out the lot of long talk. Let’s talk solution for the thousands of policyholders. I am of the firm view that before the taxpayers money is taken up to bailout this private company, the assets of both Parris and Thompson should be confiscated and sold to replace some of the money. Thompson cannot be jailed now but Parris can and we must secure his passage to Dodds with dispactch. Their assets are in the billions.

@Onions

Is your statement correct?

The 10 million is alleged to have been repaid by CLICO Mortgage and Finance now Capita.

The 10 million was a loan from the Central Bank to safeguard against a run on deposits.

The logic according to the report was that CMFC fell under the ambit of the Central Bank.

@Onions

It was loaned to the mortgage company and we understand from the Nation report today it was repaid.

The only issue is why it had to be repaid in installments?

It would suggest CLICO Mortgage Finance had a cash flow problem now Capita.

Nationnews report “The controversial $10 million the Central Bank of Barbados placed at the disposal of former CLICO subsidiary CLICO Mortgage and Finance Corporation (CMFC) in 2009 has been repaid in full and with interest.”

David is this true?

So Central Bank money went to CMFC, NIS money went to the credit union to ensure Capita and policy holders with CIL are left to suck salt? There must be a better way looming…

Quoting ole onion bags at 7:35 a.m. “the most reverened PM of this hemisphere…”

Dear onions: I know that you like Arthur and the BLP, but there in no need to exaggerate.

I don’t think that Bajans revere ANY Prime Minister.

@ David

Seems that Royalrumble has returned in time for the final run into the home stretch. 🙂

Welcome back, Royalrumble. All we need now is to see the Doc GP appear now.

Royalrumble

You still supporting Mia Amor Mottley?

As for Owen”Seethru”Arthur he is on a hat-trick of defeats by the DLP.

We will let him get his hat-trick, we will not disappoint him.

Carson I must let you know that whether I support Mia or Owen I am supporting the BLP but.there is one thing that I would not support and that is the fraudulent taking of innocent people’s money while claiming to be representing and looking out for their interest.

In other countries Parris would have been in prison and his assets confiscated and Mara would have been relieved of Thomson’s assets.

If the DLP is reelected to office in the next general election, a very impossible task then Barbadians are ignorant to what is good governance.

Your political leader, his party colleagues and his friends cannot blatantly steal poor people’s money, leaving them broke and pennyless and them ask them to further support them in office.

Policyholders in Clico were robbed by non other than a former PRIME MINISTER and his friends and colleagues who have amass millions and living well while the policyholders are scrunting.

if Owen and the BLP can loose an election for receiving a gift of a couple hundred thousands dollars to fund a campaign then why should anyone expect the DLP to retain office for transferring (stealing) millions of policyholder’s money and depositing it into their personal bank accounts both at home and abroad?

Does this seem right Carson? Do you support this kind of behavour from your Government?

The BLP list of candidates is extremely weak . An opposition leader has to pretend to embrace a woman who he cannot stand and who his colleagues despise because the cupboard is bare.
The BLP could not dare put Dale Marshall, Wuk Fa Wuk or Georgie Porgie Payne to reply to the estimates or budget.

Mascoll hiding behind a newspaper column before he go down in St. Michael North West and tek he licks like a man.
If the BLP feel that they will walk over the people of Barbados with this group, they got another thing coming.

@ Check-it
As informed I am having a torrid time on networkblog… and unable to reply to those DLP-ites as I would like (I).Nevertheless Check-it… as usual you are on the ball with “CAPITA rising out of the ashes like a pheonix. bit…anybody with common financial sense could see what has transpired.
It’s called covering a paper trail. I expected a lil better of David not to have read between the lines of the Nation article and all.

@ Sargeant | March 7, 2012 at 10:07 AM |
“One could only hope that the locals calling the shots at CLICO be compelled to sing like canaries at some legal proceedings in the future, the music would come with a sticker “ Political Advisory” not to be sold to the naïve.”

There will be NO legal proceedings! Pure & Simple! Who will initiate them? Do you realize that some of the same perpetrators of this massive con game are still on the job practising the thorny art of skullduggery and like true felines in the bush covering up the mess by destroying the toilet paper trail to cover the lp ass. These guys know too well the art of CYA.

As long as the local white business or elite social class or the local East Indian community savings are not involved the greedy blacks, poor innocent pensioners and naive life insurance policyholders would have to carry the can and hold the stick end o f the ‘sh*ty’ CLICO stick.

I blame the BLP for letting this CLICO situation get this far. Which current member of Parliament could have prevented this CLICO mess and did nothing – Owen “Seetru” Arthur.
Now, he has the audacity to tell the gullible BLP followers, he could not do anything about it. Arthur is the biggest liar in Parliament and the policyholders will not be fooled.

@true to form –
Don’t pop the champagne yet. Save it for many years to come. You see the candidates the BLP presenting – Do you seriously beleive that they can usher in some new reformist agenda. Keep Dreaming.
The arrogance of the BLP candidates is already showing in opposition. These people are motivated to get power to rebuild their bank accounts and contracts. Why you think Muscle Mary reappear.
Barbados will not be fooled by the BLP spin machine.
Is is not interesting that the opposition leader spent nuff time on Sunday talking about the economic period of 1994 – 2008 but when people talk about the GEMS insider deals, the UDC wastage, the putting of millions of YOUR money in a hole in St. Andrew and countless other questionable transactions of that period they are accused of rehashing old stories.
A old trickster like Seetru Arthur cannot change his spots and the people for Barbados will see right true his charade and trickery.

LP the King of the land called ”Greenverbs has been charged for disobeying the instruction to stop selling policies. What a slap on the wrist!
One would be most surprised if this charge holds up. Too many loopholes in that very weak piece of regulatory legislation. Maybe “Observer” can set me right if I am wrong.

The thorn in the side of this “dayrellian” hill soon becoming a mountain of a scandal is also to face similar charges. Yet this prickly “plant” might still be attached to the same organisation, it is alleged was brought into disrepute, misused authority and allegedly broke the law in the execution and performance of the job professional requirements.

What a joke if the still allowed to spread its spores on the job!

Stage One in train! Now what about Stage Two that can be initiated simultaneously with stage One? Invoke the Anti-Money Laundering legislation and Income Tax Act investigative provisions in order to try to seize assets. If the investigations reveal that the assets are NOT associated with any proceeds from crime and the relevant taxes paid then return them withpossible compensation for loss of use. If in doubt hold unto them and let the Courts decide. The many “seized” pieces of property from alleged Illegal Drug Enforcement forays are testament to the capacities of the relevant law enforcement agencies to do their job as required by the LAWS of the Land.
“Justice Must Not Be Done But Must Seem to Be Done”!

You know Onions plan to stop talking and watch the DLP self destruct….now they serving Leroy Parris 3 weeks after… 1 week after seen in Jag and Range Rov….oh BOY…if he is found guilty …in which case Caswell says… He wont be !….$ 1,000 or max 1 year…NOW exclamation ! your words …talk about if the DLP think Barbadians stupid..talk about trickery..?? Mekkin bare sport man.

ONE TERM fellas…word on the street ..they say they can’t wait either…lol

@Porter
I know the truth hurts but you could also try some remedial classes to work on your obvious lack of vocabulary.
Man, your cussing sound familiar- I hear that is how Owen does cuss Mia behind she back.

I blame the BLP for letting this CLICO situation get this far. Which current member of Parliament could have prevented this CLICO mess and did nothing – Owen “Seetru” Arthur.
Now, he has the audacity to tell the gullible BLP followers, he could not do anything about it. Arthur is the biggest liar in Parliament and the policyholders will not be fooled. If Arthur had stepped up to the plate in 2006 the policyholders might not now have to suffer.
He did nothing to address the obvious problems in CLICO when he had a chance but then again in 2006 he was busy trying to “include” Mascoll and clearly took his eye off the CLICO BALL.

@ Miller
“…..too many loopholes in that very weak piece of regulatory legislation..”
You are so correct in this assessment . Do have a careful read of s 184 of the Insurance Act under which the COMPANY , NOT MR PARRIS and MR THORNHILL, is being charged for breach of the statutory regulation . The provision makes it possible for a number of named company officials to be brought before the court to answer for the actions of the company . I am here reading the Weekend Nation and note that the Slinger article states that Mr Parris is due to appear in the Magistrates Court ” to answer a CRIMINAL CHARGE ” . Well maybe his lawyers will find this interesting . It is NOT a criminal charge . If it were someone would have been ARRESTED ; a Marshall would not be looking to serve a SUMMONS . The loopholes will certainly be exploited by the lawyers for Parris and Thornhill . In fact , the said article indicates that Thornhill”s lawyers are already before the court with some kind of a challenge . We shall see what turns out . In the meantime , Peace my brother ; respect.

@ David .
I am now in the process of catching up with the news and , as previously indicated , the contributions on BU over the last two days . I have just read a report of some comments attributed to Chairman of the BIPA Miss June Fowler and was enjoined , like the Psalmist David , to invoke the assistance of The Great Architect to ” keep thy servant from presumptuous sin lest they get the dominion over me ” . The comments carried in today’s Sun on Saturday do reveal a certain level of presumptuousness by Miss Fowler. It would seem that the good lady is relying on the impression that the ” bigger and badder ” you appear to be the more effective your effort would turn out. She has heaped scorn on the ” MINORITY MINISTERS ” who dare to comment on the CLICO issue as it relates to Government’s obligation to the policy holders and in the process has upbraided the Speaker Mr Carrington and Minister Mr Dennis Kellman for their personal views . Now for Miss Fowler to consider that she has a greater claim of right or justification to be speaking out on this matter of NATIONAL importance , even though her organisation has retained legal counsel , than these “minority ministers”, does smack of a huge chunk of PRESUMPTUOUSNESS which she may do well to purge herself of or keep away from . And to glibly repeat that ” BIPA was not on any political agenda” might simply be begging the question on a matter that has now been placed at the heart of the political discourse currently taking up the attention of the public . In addition . the BIPA ads ” which were created by some of its members ” will hardly assist in removing the belief that there might be a political under-current pushing the whole exercise . Miss Fowler should do well to consider that now is the time for more thinking and less shouting .

@ David.
I am reliably informed that the number of persons /entities who have bought EFPA policies forms an insignificant proportion of the total CLICO insurance portfolio . It would be interesting for us to get real figures. If Government is to be called on to bail out these policy holders , consideration must be given to the efficacy of tax payers dollars being used to the benefit of this SMALL EXCLUSIVE group in preference to the benefit of providing protection for the MUCH LARGER number of persons who might be disadvantaged by the CLICO collapse . Maybe Miss Fowler, who probably has inside information can assist us in this regard.

Somebody is putting it in the Fowler woman head that she is a big shot and can say and do as she pleases. Methinks its the BLP the same party that allowed Parris to do what she claims he did to her. Another somebody needs to put the Fowler woman in her place . Dont be surprise if she declares her hand as a candidate for the BLP>