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Does Leroy Parris Maintain a $5,000,000.00 Deposit with the Central Bank of Barbados?

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Dr. DeLisle Worrel
Dr. DeLisle Worrel

BU seeks clarification, in the public’s interest, on a 5 millions dollar deposit listed on an asset disclosure to the Barbados Court in an Affidavit filed by LEROY PARRIS to overturn an order freezing his assets and those of Branlee Consulting Services Inc. BU is unaware the Central Bank of Barbados is authorized to accept deposits from individuals. Last week David Ellis, a friend of Governor Delisle Worrell, asked the same question on national radio. To date the question, not surprisingly, remains unanswered.

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195 responses to “Does Leroy Parris Maintain a $5,000,000.00 Deposit with the Central Bank of Barbados?”

  1. David Avatar
    David

    @SITH

    You have assumed Mara was employed at Thompson & Associates at the time the cheque was issued.

  2. Artaxerxes Avatar
    Artaxerxes

    David February 26, 2015 at 11:40 AM #

    “The invoice, error not withstanding, had to have been approved by HR and the Board given the state of Clico at the time. Any way you view this transaction it had to be red flagged.”

    By mentioning HR, I hope you are not referring to Human Resources.

    I will mention this fact one more time. In the absence of the knowledge you now have, relative to the circumstances surrounding the preparation of the invoice, as revealed by the forensic audit, as well as the civil suit brought against Parris, in respect of the said invoice being described as “fraudulent”, none of you would have suspected the invoice was created for a specific purpose.
    This information, which is now in the public domain, would have certainly assisted in altering any conclusion you may have previously formed about the issue.

    Therefore, I’m putting it to you that, without this information, you would not be in a position to state, and emphatically so, “Any way you view this transaction it had to be red flagged.”

    I must also remind you, the investigation of this invoice was partly initiated by the fact that THE INVOICE AMOUNT AND THE AMOUNT PARRIS CLAIMED WAS DUE TO HIM AS GRATUITY, WERE SIMILAR, i.e. $3.333M. This was the real red flag.

    Read page 13 of the forensic audit report, re:

    “We found no reference to this payment in the Minutes of CIL or CHBL at or around the time it was made. However, in July 2009, shortly after the appointment of Dr. Frank Alleyne as the Government’s representative on the Board of CHBL, there was reference to a request from the Oversight Committee for information relating to payments made to Mr. Parris, specifically a copy of Mr. Parris‟ employment contract;”

  3. SITH Avatar
    SITH

    @David

    No I am not assuming that Mara was there. It is quite possible that the invoice was prepared without the knowledge of Thompson & Associates. That would be a pretty simple thing to do. Just copy some letterhead and type away. Then carry a prepared cheque, endorse it on the back “pay to” and deposit it. There would be no record of the invoice in Thompson’s books and no recording of it for tax reporting of any type. Until we see a cheque written by Clico and the associated cheque written by Thompson & Associates we don’t know what transpired. Asking the office manager if she knows of the transaction and any related payments will at least open the thought process to going after that sealed file to find out what really happened.

  4. Due Diligence Avatar
    Due Diligence

    To legal fee on Construction and Financing Agreements between Clico Holdings (Barbados) Limited and University of West Indies in connection with the construction of a Teaching Block at Cave Hill Campus – $237,000.00.

    Why would CBHL be a party to a Construction Agreement?
    Was CBHL a Construction Contractor?

  5. ac Avatar
    ac

    amm i sitting quietly at the right side of the courtroom listening to the lawyers for the claimant trying to find common ground /agreement as to what certain pieces of information alludes”to” , since i am no legal beagle. i am somewhat perturbed as to why a high profile case with three or more of BU esteemed lawyers who would have all but exercised diligence in preparation now at the at the eleventh hour squabbling among themselves on terms and agreements in the invoice,

  6. are-we-there-yet Avatar
    are-we-there-yet

    Re. Sith’s intervention at 12:37 pm and 1:06 pm on the 26th February

    Sith said:

    ….There is always the chance that the invoice itself was not prepared by Thompson & Assoc. A cheque could have been drawn by Clico payable to Thompson & Associates and deposited into a 3rd account. The cheque could have been endorsed on the back “pay to”. If this were the case, the cheque would be in the possession of Clico and perhaps included in that sealed file.

    and

    ….It is quite possible that the invoice was prepared without the knowledge of Thompson & Associates. That would be a pretty simple thing to do. Just copy some letterhead and type away. Then carry a prepared cheque, endorse it on the back “pay to” and deposit it. There would be no record of the invoice in Thompson’s books and no recording of it for tax reporting of any type.

    …. Until we see a cheque written by Clico and the associated cheque written by Thompson & Associates we don’t know what transpired. Asking the office manager if she knows of the transaction and any related payments will at least open the thought process to going after that sealed file to find out what really happened.

    I seem to recall that somewhere in the JM’s first forensic audit report it was stated that the CLICO cheque to DT and associates was endorsed “pay to” and that a copy was provided to the JM by CLICO management. So that part of the submission seems feasible to me FWLIW.

    Otherwise the submission seems to be primarily a fanciful playbook of a legal defence strategy for Mara. Looks like this could be a strategy designed to throw LP under the bus if it has to be used since it seems to be casting him in an additional staring role of FORGER for it has apparently been clearly shown and admitted that Parris received the money minus $500,000 which purportedly went to DT associates.

    LP has already fingered Mara as a person who should be questioned. Was this a reaction to knowing that such a strategy was in the works? In any case, it will make for a most interesting soap opera as LP has thereby signalled that he will not be going down alone. How will other powerful figures react to such a possibility?

    If the file remains sealed would that signal the end of any efforts the JM can make to recover significant funds for the policyholders based on information in the file?

    Oh what a tangled web!

    Sith, Verrrrrrrrrry Interesting take!

  7. Simple Simon Avatar
    Simple Simon

    @Thompson invoice “To disbursement, expenses and fees related to searches in US Corporate Registries, Canadian registries”

    So exactly who did these searches in U.S. and Canadian registries?

    Exactly which registries?

    Were the searches done by Thompson or by parties unnamed in the U.S. and Canada on behalf of Thompson?

    If the searches were done by U.S. or Canadian parties on behalf of Thompson and if these parties received US$523,000 as payment for their work, who are these parties? And have these parties declared this income to the Canadian Revenue Agency and the Internal Revenue Service? And if not why not?

  8. SITH Avatar
    SITH

    @are-we-there-yet

    it would be interesting to know who the “pay to” you refer to is. The normal procedure is for cheques to be endorsed “deposit to” followed by the name of the payee of the cheque. That is normally done with a rubber stamp. For those who are fighting for return of their funds I would suggest that it is very very important to find out who Clico banks with and request cheque copies from that bank. The second thing that should be asked for is a written copy of the banks policy for accepting 3rd party cheques. The bank should have known this was a abnormal transaction. They will likely refuse, which then would give the plaintiffs an excellent opportunity to name the bank as a participant if money laundering might of transpired. If the normal procedure of both Clico and Thompson & Associates is to only deposit cheques by way of a restrictive endorsement and then a cheque with a “pay to” is processed for a significant amount of funds, obviously some type of breach has taken place. It is very difficult to process third party cheques. However keep in mind that HSBC, a world bank,, is currently having money laundering issues.

    http://www.bloomberg.com/news/articles/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord

    For those interested in knowing the cost of searching corporations in Ontario it can be done on line for under $20.
    https://www.services.gov.on.ca/locations/serviceDetails.do?locale=EN&id=11590

  9. balance Avatar
    balance

    ?….Is people like David Eliis who talk about balance but now skilled in the art of re-balancing to suit an end.

    Time up people!….time to find an EQUALIZER.

    When the hardwood fire was burning i well remember Mr Ellis on Brasstacks stating that we have to get to the bottom of this issue and now he speaks of balance

  10. millertheanunnaki Avatar
    millertheanunnaki

    @ Simple Simon February 27, 2015 at 12:28 AM
    “ If the searches were done by U.S. or Canadian parties on behalf of Thompson and if these parties received US$523,000 as payment for their work, who are these parties? And have these parties declared this income to the Canadian Revenue Agency and the Internal Revenue Service? And if not why not?”

    Oh Simple Simon, you really have betrayed your moniker this time.
    You have gone far higher than was expected of you, Smart Simon.

    Now here is where things can get real dicey for Barbados by the role played by authorities in covering up this massive fraud with its possible international spinoffs to attract the interest of the FBI, the RCMP and Interpol. Isn’t this a case of mail and wire fraud with possible implications of international money laundering?

    How were these U.S. and Canadian legal firms paid? Was the Central Bank permission obtained to remit these funds.

    The OECD needs to follow through on these revelations and deal with Barbados accordingly. Given the refusal of the Local Authorities to do anything this about this blatant massive fraud and money laundering transaction Barbados ought to be deemed to not only being a tax haven but also a place where money laundering and criminal activity are rife and the place ought to be blacklisted.

    It just a matter of time before this CLICO dirty house of fraud comes tumbling down like a pack of cards permanently tarnishing the image of Barbados as a ‘clean” international financial centre.

  11. ac Avatar
    ac

    and you know what when CLICO dirty house fraud come tumbling down the BLP would be exposed as begin the biggest of Clico beneficiaries by way of campaign financing. stop trying to count yuh chickens if and when they hatch the nest would belong to BLP.

  12. millertheanunnaki Avatar
    millertheanunnaki

    @ ac February 27, 2015 at 7:16 PM

    LOL!! You surprise me ac & co?
    Are you agreeing that the fraud indeed took place. Well that’s the first time in a long, long time we can agree on something. At least the PDC will find a way.

    Let the chips fall were they should fall. For sure your man Arthur would have to answer that $75,000 question. But what about Thompson? Dead men tell no tales but widowers in receipt of blood money and taxpayers’ funded pensions might find themselves wearing the black dress of sorrow.
    Your much maligned and hated St. Lucia (that is how you see that country) could be a perfect place for the bereaved to rest her sin-filled soul.

  13. Colonel Buggy Avatar
    Colonel Buggy

    If the Central Bank is holding such money for Leroy Parris, then this is tantamount to Money Laundering. But that does not surprise me, knowing that the Government is guilty of Pradial Larcency by taking the farmers canes and not paying them for it.

  14. DeeWord Avatar
    DeeWord

    @ millertheanunnaki February 27, 2015 at 4:59 PM… Isn’t this a case of mail and wire fraud with possible implications of international money laundering?”

    Ideally Ross or one of his legal colleagues will respond in expert mode to clarify but I can’t understand where you are going with the comment.

    Assuming that legal firms were indeed utilized in Canada or US, any work (company searches) done would have been based on a ‘legitimate’ request and thus the fees were legally charged and paid for.

    What exactly would the FBI or Mounties be investigating on that particular issue re laundering?

    I interpreted the search ‘in US Corporate Registries … Canadian Registries’ as a computer search of a database, rather than the use of actual law firms in the US.

    But even if that was the case, and this use of overseas law firms actually did take place it would still be a rather innocuous activity and in itself not an instance of laundering per se.

    And it would not cost $523K.

    There were SEVEN items on that line. That would have been the least of them.

    Just my interpretation.

  15. millertheanunnaki Avatar
    millertheanunnaki

    @ DeeWord February 28, 2015 at 5:14 PM
    “Assuming that legal firms were indeed utilized in Canada or US, any work (company searches) done would have been based on a ‘legitimate’ request and thus the fees were legally charged and paid for.”

    “I interpreted the search ‘in US Corporate Registries … Canadian Registries’ as a computer search of a database, rather than the use of actual law firms in the US.”

    Dear D W, I have highlighted two of your statements that are worthy of response and further discussion.
    But before we engage in an exercise of futility there are two questions I would like to pose to you.

    First, do you believe the recorded payment made to Maurice King is genuine?

    Second, do you genuinely believe the overall invoice was prepared not as a genuine list of legal expenses incurred and associated added value fees but as a way of bilking the corporation CHL for Leroy Parris to extract his “contracted” gratuity payment from a fallen cash cow? In other words, do you believe a fraud has been perpetrated against the policyholders of CLICO, the corporation left holding the bag?

  16. are-we-there-yet Avatar
    are-we-there-yet

    Read the front page of today’s Barbados Nation Newspaper.

    It has started to fall apart.

    In any other Government there would be an election called within weeks.

    Would he have been so stupid as not to have received written instructions from his bosses to lodge the dirty millions in the Central Bank?

    Will Delisle protect Sinckler and the super honest PM?

    Will the BLP treat this matter with the urgency it requires?

    Has this matter allowed the BLP to save face in the Carrington affair and go back to the house to come down hard on not just carrington but on the ethics of the the MoF and PM and the likely influence of those effects on Barbados and the likely negotiations now in train with the IMF?

    Note my earlier piece on another blog about the perfect storm. It is now at 30 degrees longitude and 12 degrees latitude and blowing at 130 mph.

  17. DeeWord Avatar
    DeeWord

    @ are-we, it seems that we Bajans should batten down the hatches because my understanding of the weather concept of a perfect storm indicates a sustained period of extremely adverse climatic conditions of unprecedented proportions.

    You have been the ideal forecaster here on BU.

    You noted, “would he have been so stupid as not to have received written instructions from his bosses to lodge the dirty millions in the Central Bank?”

    Quick rhetorical for you though. Why would the bosses affix their name to something that appears very questionable even if not illegal?

    The concept of ‘no name. no lock’ applies easily to ‘I ain’t putting anything in writing’.

    But it’s still excellent to finally get a remark from a local official (former bank Governors) which suggests that this action of a private citizen lodging money on a/c at the Central Bank is puzzling.

    The obvious segue to YOUR rhetorical is why would the Governor compromise his reputation like that.

    And obviously it can’t be just about personal money because he is very well compensated and is surely already well set financially for retirement.

    Your perfect storm is indeed ominously forming.

  18. are-we-there-yet Avatar
    are-we-there-yet

    The Nation article about the disposition of $9.5 million dollars of Leroy Parris’ monies on June 13th 2013, after he urgently needed some place to rest it, is perhaps the most important article ever printed in that paper. IMHO It has the potential, inter alia, to cause the economy of Barbados to be lashed with an economic storm of such proportions that it could take a decade under good government and governance to recover.

    Yet none of the BU family sees it fit to comment, while concentrating primarily on the non-issue of Danny Gill’s candidature for the NUPW presidency post.

    What actions can the Government take to blow away the stink created by the facts reported in the article?

    Will Freundel realise that urgent action is necessary to save Barbados’ face in the international community?

    Will he realise that such action would normally require that both Leroy and DeLisle be thrown to the wolves “with dispatch” for the higher state of Barbados’ reputation and survival in the current economic circumstances?

    Or would he operate on the basis that he wasn’t taught treachery at Foundation?

  19. David Avatar
    David

    @Are-we-there-yet

    If BIPA can only muster 230 out of 20,000 CLico policyholders what does it say?

    Barbadians are finding it difficult to mobilize just causes for many reasons.

    The lack of comments on BU and elsewhere is indicative of how lost we are.

  20. DeeWord Avatar
    DeeWord

    @millertheanunnaki February 28, 2015 …You are right. The invoice was a falsehood so an attempt to define what is written there is a nonsense.

    The comment about search and all that would be relevant about a real invoice.

    And yes again it was reported that Mr King refuted any involvement in those charges.

    Thus, I still remain confused that no action has been taken on the substance of fraud related to this invoice. Or maybe action have been taken and I have missed the news.

  21. Hants Avatar
    Hants

    We await the MIA BLP response in and out of parliament.

    Surely this issue is more important that Carrington.

  22. are-we-there-yet Avatar
    are-we-there-yet

    DeeWord re your 10:26 am post.

    Even though I had worked out what had probably happened in this matter from information in the public domain and had tried to hint as such on BU, I was thoroughly shocked and sickened by the revelations in today’s paper.

    As a former senior Public Servant the words “I am directed ….” is etched in my mind. I am not certain if the GoCB would use such terms in ordering his minions to effect the alleged transaction. However, it is almost gospel now and known by anyone who would care to know, that the Governor is a creature of the MInister of Finance. Would that creature do something as egregious as this without having written proof that he was so directed or would he think that he could do it on his own volition? I think not.

    On the other hand would he have done everything himself and would there be a paper trail?

    Would he have thought of the possible repercussions to Barbados’ international standing if the information came out?

    Would he recognize that even the IMF was questioning how his relationship to the MOF might be affecting his conduct of the job?

    Or might it be that the whole dirty mess was not supposed to come out? In that case, could the LP disclosure and the subsequent investigation and unveiling of facts have been something that was not envisaged as ever happening by both the CB governor and the MoF? In that case the CB Governor might have requested that the order be put in writing.

    But then there might not have been a need for such to be put in writing. The whole matter could have been recorded in living colour on an iphone or samsung or other smart phone. Who knows?

  23. are-we-there-yet Avatar
    are-we-there-yet

    David;

    Re. your 10:35 post.

    That is so true.

    And that is why I think the perfect storm is upon us.

    Absolute self centeredness and inertia defines us and our Government.

    The BLP could only regain some status, in my regard, if they immediately call a mass meeting in Bridgetown in the new Park next to the CB to give chapter and verse to the revelations in today’s paper as well as what went before. In addition, I think that they should go back to parliament and push the issue with the utmost energy.

    But we know that CLICO compromised the top echelons of the political class with its filthy lucre.

    We know that Arthur avoided frontal statements on CLICO. We also know that Mia, despite a reported friendship with Mara, brought a number of inconvenient facts about CLICO into the public domain.

    I am still a little hopeful that she and a few other relatively untarnished BLP MPs might do the right thing. Indeed, I think that this revelation might be the trigger for the formation of a new party made up of membership from both the DLP and BLP and some others.

    If they don’t recognize the shakespearian tide that is clearly upon us we will all continue to sink, despite the buzz about tourism and this winter season.

  24. Lemuel Avatar
    Lemuel

    David:

    I was talking to CLICO insurance policy holder; I think it is life insurance to cover preliminary coverage for mortgage purposes. From what I gather, BIPA has a sense of what is going on. Insurance policy holders are not sure or do no know what is going on in relation to their policies or if they can recoup their money when the entire thing is over. This person was only told at the beginning of the collapse to continue to pay their premiums. May be you to carry something on this or if it was done already to repeat. I think it not that people would not comment; it is that all the focus seems to be on BIPA only.

  25. David Avatar
    David

    We have to be fair to MIA, she raised a stick, she called for a no confidence motion, she questioned the functioning of the Oversight body especially when its term ended and there was hanging in abeyance.

  26. Lemuel Avatar
    Lemuel

    Are we there yet:

    You are indulging in wishful thinking about the clean hands of Mia. Like Bushtea would tell you if people of the ilk of Caswell are not involved no next party shall be viable. But then again most of here on BU frolic and enjoy this frolic in this bull shitting anyway!!

  27. are-we-there-yet Avatar
    are-we-there-yet

    DeeWord, re your 10:37 post.

    Simple!

    No action was taken because of the stranglehold the political directorate holds over all branches of the Executive Public Services. The heads know what they can do with impunity as contrasted with what their functions should compel them to do. I give you by way of example, Vernese Brathwaite and the late Carlos Belgrave, and what happened to them.

  28. David Avatar
    David

    @Lemuel

    We are aware of several policyholders who have allowed policies to lapse or fall behind for one reason or the others without knowing the ramifications of the deicison.

  29. are-we-there-yet Avatar
    are-we-there-yet

    …….. and the former Commissioner of Police!

  30. Pachamama Avatar
    Pachamama

    Nobody/entity could conduct retail banking operations in Barbados unless they are licensed with the CB.

    It therefore should say that no retail bank can have any rights which the CBB itself does not have, or could extend to itself.

    Certainly, if a retail bank seeks to end an account with a member of the public and it is unlikely others will follow suit, or no other bank is willing to extend services to that person, a CB can be the last resort to a depositor. It acts as banker of last resort in other circumstances.

    Based on the report in the Nation today (Sunday), it would appear that that is indeed the case. Of course, this action is extraordinary but need not raise eyebrows, given ongoing circumstances. In fact it maybe a good thing!

  31. Lemuel Avatar
    Lemuel

    David:
    This person is paying their premiums but has no idea if they will ever collect on the policy when it is matured. Is there any information for them to look at?

  32. DeeWord Avatar
    DeeWord

    @are-we, this issue that ‘the Governor is a creature of the MInister of Finance’ is really overblown.

    It is true that the Governor is selected by the PM (in consultation and all that) but its also true that a Gov in the post can’t just be fired by the PM without valid non-political cause.

    To all intents and purposes the Governor is his/her own maguffy during their contract . Yes there have been periods of disquiet but in the main it has been a business relationship of respect.

    In general terms, the PM and the Bank’s Board of Govs can only order around the Guv for some action due to malfeasance or such.

    Otherwise they are limited to not renewing the contract at the end of the tenure.

    In that sense a governor can be as independent as he wants to be, so when things like this happen it’s clear there is a helluva lot going on.

  33. are-we-there-yet Avatar
    are-we-there-yet

    DeeWord; re. your 11:57 am post.

    You are correct.

    I think I recall that former GoCB, Courtney Blackman, in an interview, made essentially the same point about a number of disagreements he had with Barrow.

  34. Danny Gill Avatar
    Danny Gill

    Are we there yet:

    In relation to your 10:29 am post, why are calling my name on this post? If you want noticing then I am noticing you, ok or as DeeWord would put it “dude”. The use of that word dude is as silly or clownish as the bearer DeeWord.

  35. David Avatar
    David

    @Pacha

    We have always heard a central bank is lender of last resort, your reference to banker of last resource bears further explanation.

    http://www.centralbanksguide.com/lender+of+last+resort/

  36. Lemuel Avatar
    Lemuel

    DeeWord:

    This was not made up and I like many other Barbadians heard with my own two ears what that particular Governor of the Central say he was a creature of the Prime Minister. You seem to be suggesting here is that that statement come out of some urban legend and it not possible. I really hope that you are not one of the DLP spin doctors planted here to recreate the DLP own view or story of history? And that would explain your full behavior on this blog!

  37. Bush Tea Avatar
    Bush Tea

    @ David
    Perhaps the Central Bank will claim to have seized the funds after the Canadian banks’ action – pending clarification of any charges / concerns of course.
    Then they need only explain why the apparent secrecy….

    Perhaps also …the JM and Policy Holders now need to move URGENTLY to have the high court ALSO freeze these funds now that the location is established….

  38. Pachamama Avatar
    Pachamama

    As banker of last resort a CB lends to commercial banks. May hold bullion in safe keeping for interests. May lend directly to commercial or industrial projects deemed necessary for the economic health of a society, project which are unable to attract normal credit from banks or other lenders. And there could be many more circumstances depending of the country involved.

    Indeed, when we talk about economic transformation our central idea is for the CB of Barbados to, through the fractional reserve system, to disintermediate retail banks and lend direct to individuals and companies, at zero interest, thereby creating wealth. Of course, a reverse action will be required when these loans are repaid. Meaning the withdrawal/destruction of the net amount of money so created. So this is what we are talking about, a binary economics!

    We hope we have been able to properly explain ourselves.

  39. Colonel Buggy Avatar
    Colonel Buggy

    This is the opportune time for the fellow or fellows who , a few years ago, made an un- scheduled withdrawal of $1 Million from the Central Bank’s vault, to strike again,this time to the tune of $5Millions,compliments Leroy Parris.

  40. David Avatar
    David

    Sorry Pacha but BU sees no evidence that a Central Bank is to act a a bank of last resort. In today’s back page Nation newspaper this is confirmed by two former governors of the central bank.

  41. DeeWord Avatar
    DeeWord

    @Bush Tea March 1, 2015 at 12:55 …Perhaps also …the JM and Policy Holders now need to move URGENTLY to have the high court ALSO freeze these funds now that the location is established….”

    You are a wise man indeed. I remain confounded that freeze was made on only a portion of the funds know to belong to Parris.

    Surely his attorneys are not idiots so to lay a list in court of your significant assets (illiquid mainly) while asking to remove a freeze on cash may in fact suggest that Mr. Parris does not have current access to the CB funds.

    But if so, then it should be so stated.

  42. David Avatar
    David

    @Bush Tea

    What an embarrassment to the nation if the Central Bank were to be issued such an order.

  43. are-we-there-yet Avatar
    are-we-there-yet

    Danny Gill, re. your 12:35 PM post.

    In my earlier post I had said;

    “Yet none of the BU family sees it fit to comment, while concentrating primarily on the non-issue of Danny Gill’s candidature for the NUPW presidency post.”

    I apologize for not recognizing the earth shaking importance of the NUPW presidency elections as compared with today’s revelation that the Central Bank appears to have, at least temporarily, found a home for 5 Million dollars of Leroy Parris’ money that was apparently refused by a Commercial Bank.

    Yuh don’ see yuh digging a deeper and deeper hole fuh yuh candidature with these illogical attacks against some persons who might have actually wanted you to succeed?

    BTW, I see that you sensibly steered clear of my earlier post on your candidature. I wonder why?

  44. Pachamama Avatar
    Pachamama

    @ David

    We did not see the full article. No doubt that the former central bankers may know of no circumstances where this might have happened before but because it has never happened in Barbados before does not limited the interpretation of what ‘banker of last resort’ could mean.

    Please remember that finance/banking does not have to mean what it use to.

  45. DeeWord Avatar
    DeeWord

    @Lemuel March 1, 2015 at 12:53 PM…This was not made up and I like many other Barbadians heard with my own two ears what that particular Governor of the Central say he was a creature of the Prime Minister”

    Senor, I believe I clarified why the statement has little meaning. I also never said it was made-up.

    I believe any PM can say that he/she is a creature of the electorate and then his party colleagues. Yet, that creaturehood is valid only every 5 years or through censure during that term when it can be ended .

    In every fundamental sense the Governor’s role resonates the same way as an appointee of the PM.

    If you find that a political spin when it remains the same through all parties is obviously a function of your biases not mine.

    I could be wrong but I believe it was Dr, Blackman who made the creature statement.

    I don’t have the quote handy but whomever said it, it was certainly a tongue in cheek brush off to some policy query or such.

    You are entitled to embolden it with as much mystic as you desire. Hearing is one thing…understanding is another.

  46. St George's Dragon Avatar
    St George’s Dragon

    “…….our central idea is for the CB of Barbados to ……….. lend direct to individuals and companies, at zero interest, thereby creating wealth.”
    Put me down for some of that. I will lend it straight on to others and charge them interest. Splendid idea!

  47. are-we-there-yet Avatar
    are-we-there-yet

    DeeWord;

    What you surmised about Parris’ current access to the CB held funds seems to make the best sense of what is currently in the public domain.

  48. Pachamama Avatar
    Pachamama

    @ St. George Dragon

    We don’t normally respond to you because we have previously found that you know too little about too much.

    You assumed it would have been known that interest and not debt, in and of itself, was the real problem Barbados faces. We were therefore supporting a zero interest rate regime. Yuh f@@ing idiot!

  49. Alien Avatar
    Alien

    Zero interest rate?
    Zero house rent?
    Zero food charge?
    Zero water charge?
    Zero electricity charge?

  50. DeeWord Avatar
    DeeWord

    Dear Mr. Gill, Yesterday I had the pleasure of reviewing your candidature for Presidency of the NUPW, an opportunity of which I otherwise would not have availed myself if not for the posting of your campaign poster by the BU blog master.

    I made some comments, offered some unsolicited, friendly, well-meaning advice and critique based principally on my background in marketing, wished you good luck and left that blog.

    However, it appears that you remain upset by my remarks there and as we Bajans would say, ‘can’t unpick me from your teeth’. I am unclear why I remain a subject of your social media campaign.

    I would suggest that you give more serious attention to a seminal post that carries the type of profound comments which can enhance your campaign blogging here.

    As others have said, your voters can see the type of candidate you are.

    To wit, by Bush Tea March 1, 2015 at 9:11 : You and your Civil Service constituents can refer to the full post under your BU blog but excerpted are the remarks on which they and you should focus.

    “Obviously when interviewing a candidate in their comfort zone, any idiot knows that the answers provided are the well rehearsed ..

    “A highly skilled interviewer therefore goes to great …lengths to remove such comfort and to create an UNCOMFORTABLE zone, …

    “So, for example…[you] would ask him why, given his record of failures and non-achievement, he was so intent on getting his hands on the chequebook of the NUPW.

    “[my emphasis] A RESPONSE THAT ATTACKS THE QUESTIONER, resorts to gutter language, and avoids the question speaks VOLUMES…

    [my emphasis] now a candidate of SOUND character will have no fear of such questions or tactics … AND WILL EASILY AND SYSTEMATICALLY RUBBISH THE ACCUSATIONS AND FOCUS ON THE REAL ISSUES AT HAND…”

    Frankly, I suspect your opponents will also pay attention to your blog comments as they are wonderful data points for a campaign email blast.

    I wish you well in your election.

    Regards
    DW

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