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Prime Minister Fruendel Stuart Promises to Expose the Names of CLICO EFPA Policyholders

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<p><strong>Chris Sinckler</strong>, Minister of Finance (l) <strong>Fruendel Stuart</strong>, Prime Minister and Head of the Civil Service (r)</p>
Chris Sinckler, Minister of Finance (l) Fruendel Stuart, Prime Minister and Head of the Civil Service (r) 

Prime Minister Freundel Stuart has done the unthinkable by breaking his silence on the CLICO mess. To quote him: “. . . Wait. There is going to be a lot to be said on this. Do not mistake my silence for an incapacity to speak. The time will come when all things will be made clear and explained. I ain’t saying anything yet” He added: “I have a list . . . of all of the persons who invested in the Executive Flexible Premium Annuity [EFPA], but I ain’t saying nothing yet. I know all the people who earning quick money, who were entranced by the lure of attractive interest rates. I know them, I have all of the names”.

Given the pace – or lack of it – at which Stuart moves Barbadians should not expect to hear from him anytime soon. Instead CLICO policyholders would prefer to hear the government enunciate a plan to resolve the plight of the policyholders.

So what if the Prime Minister has a list of Barbadians who bought the EFPA? Of course we agree with him greed played a part and high interest rates offered by the Parris led company resulted in the predicament many EFPA policyholders find themselves.  The question we want the prime minister to answer is why was CLICO allowed to sell the EFPA and who should ultimately be responsible.

The Prime Minister’s statement is obviously meant to deflect from the unfavourable barrage of public opinion directed at the government. The incestuous relationship which exist between prominent Democratic Labour Party (DLP) players and Parris explains why the DLP is forced to defend the indefensible.  AND there is the shattered legacy of the late David Thompson who was the ultimate ‘’’ÇLICO insider’ to consider.

A search of BU archives will turn up many blogs complimentary of Leroy Parris. We are on record of praising his rags to riches story. However, BU will not be distracted – our concern is one issue the CLICO investigation has exposed and which no sensible explanation has been offered so far.  On page 9 of the Forensic Audit Report $3.33 millions dollars was made by CLICO Insurance Life on behalf of CLICO Holdings Barbados Limited supported by a fake invoice. The Group Financial Controller Terrence Thornhill was interviewed by Deloitte Auditors who confirmed the finding.

So Mr. Prime Minister go ahead and use the list of names on the Schedule of Executive Flexible Premium Annuities (EFPAs) included in the Forensic Report which was not made public, BUT, also take the opportunity to explain the $3.33 million dollar payment on a fake invoice and the fact the invoice was emailed from thompy@caribsurf.com.

We are wary and weary of the political gymnastics Mr. Prime Minister. We continue to look for signs that Mr. Integrity is back!

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250 responses to “Prime Minister Fruendel Stuart Promises to Expose the Names of CLICO EFPA Policyholders”

  1. ac Avatar
    ac

    BLAH ! BLAH ! BLAH! there are many sides to the Clico Story ALL ! ALL! would be exposed, one agenda does not make a CLICO .

  2. Prime Minister Fruendel Stuart Promises to Expose the Names of CLICO EFPA Policyholders

    […] By David […]

  3. balance Avatar
    balance

    It is clear that Mr Stuart has lost touch with reality as evidenced from his brainless exchange with Mr Hinkson in the house on Monday.

  4. ac Avatar
    ac

    fools wunna would never learn ,not to underestimate stuart , Hinckson reply what, another laundry list of recitations, really !amaeteur hour , please the BLP need to get back to the drawing board and grease and reinvent the wheel instead of using political camouflage that best interest political yardfowls

  5. David Avatar
    David

    The element at play here is the ‘envelope’ passed by deep pockets via political puppets to ensure stories are published. A profession reputed to be the guardians of our democracy.

  6. David Avatar
    David

    Similar rules are broken on the little rock all the time.

    Where is the outrage?

    UNITED STATES - JULY 16: Rep. Aaron Schock, R-Ill., speaks to the media following the Republicans' 'America Speaking Out' forum on job creation on Friday, July 16, 2010. (Photo By Bill Clark/Roll Call via Getty Images)

    Getty

    Aaron Schock resigns after new questions about mileage expenses

    By JAKE SHERMAN, ANNA PALMER and JOHN BRESNAHAN

    3/17/15 2:08 PM EDT

    Updated 3/17/15 8:12 PM EDT

    Illinois Rep. Aaron Schock resigned Tuesday, less than 12 hours after POLITICO raised questions about tens of thousands of dollars in mileage reimbursements he received for his personal vehicle.

    Schock billed the federal government and his campaign for logging roughly 170,000 miles on his personal car from January 2010 through July 2014. But when he sold that Chevrolet Tahoe in July 2014, it had roughly 80,000 miles on the odometer, according to public records obtained by POLITICO under Illinois open records laws. The documents, in other words, indicate he was reimbursed for 90,000 miles more than his car was driven.

    Story Continued Below

    The discrepancy added to a growing wave of ethical and legal problems for t

    Read more: http://www.politico.com/story/2015/03/aaron-schock-resigns-116153.html#ixzz3UjQNbLsd

  7. CLICO Investor Avatar
    CLICO Investor

    Yet another idiotic statement coming hot on the helm of Chris Sincklers recent shiit barrage…..now what good will having a list of those names of Bbajan investors (like myself) do ? PM should be telling us what he intends to do with ‘the non-leper’ and beneficial directors, and how best to speak to CLICO T&T to see if like them, policyowners can receive back 90% of their monies….not threatening or scolding Bajans with pantomine Parliament performances.

  8. Dee Ingrunt Word Avatar
    Dee Ingrunt Word

    David, the interesting thing about that Schock story : he got nailed for that seemingly innocuous item of mileage on a car.

    That would have slipped under the radar if journos and others had not started looking closely at his every step after a series of lapses of judgement of many seemingly innocuous matters.

    How in the Lord’s name would we ever have that happen here, namely innocuous lapses which portend character issues prompting a closer review which in turn lead to big problems.

    Good Lord, this is Barbados. We have blatant, unequivocal problems and crimes up front and center and the journos or authorities can’t nail anyone because they are looking to keep their ass outta trouble and searching for cover themselves.

    How in hell do you think a Schock could happen then!

    We does work hard NOT to ‘shook’ bout here.

  9. Bush Tea Avatar
    Bush Tea

    Stuart is sounding more and more like AC every time he manages to speak….

  10. Dee Ingrunt Word Avatar
    Dee Ingrunt Word

    But David, I really don’t grasp the context of the remarks that the PM “Promises to Expose the Names of CLICO EFPA Policyholders”.

    Why are the people who tried to maximize the offer by CLICO being publicized with the clear insinuation that they were doing something illegal by buying the investment product.

    Unless, they knew BEFORE HAND of the financial struggles of the company and used that inside info to ‘front run’ the investment …

    OR they knew and thus were part of a PONZI scheme from the git-go.

    In both cases then the PM would be an insidious law breaker himself because he would be in possession of a list of criminals and thus should hand it over to his Attorney General for action in the law courts.

    How can the PM make a statement like that for BS political pandering.

    J.H.C….we are truly a Banana Republic. I am now more attuned to the underlying thrust of the green money antics at the recent Gold Cup. I actually thought it was a focus on the cute animal as key part of our natural eco-system.

    Didn’t realize it was a knock-off of the whole frigging monkey behaviour in the country. Steeuepse

  11. There is a hole in the bucket Dear Clementine Avatar
    There is a hole in the bucket Dear Clementine

    I don’t know what jaunt the PM is on about with the list of Clico investors. newsflash PM, nobody don’t care any asshole list, the people want the matter resolved, settled, finished, brought to an end. Comprehendo?

  12. Pachamama Avatar
    Pachamama

    Bushie

    ………….and AC sounding more and more like Stuart

    …………maybe they are both empty vessels………………. or both yard fowls

    …………it would take a yard fowl like AC to know another yard fowl, like Stuart

    …………AC is an expert in ‘yardfowlism’. See how she is exercised by the hot shite from the mouth of Stuart.

    …………she is such a good yardfowl that she can expertly pick scratch grain from the shite Stuart continues to emit from the hole in his face.

  13. Dee Ingrunt Word Avatar
    Dee Ingrunt Word

    @Bush Tea March 18, 2015 at 7:04,,,Stuart is sounding more and more like AC every time he manages to speak…”

    Mr Bushtea, AC is a political hack who is expected to preach and act the fool according to the gospel of DLP. Any and all of their synapses are to be fired to produce positive DLP info.

    If two people are dying and only one can be saved then it will be the DLP one even if that one is 95 and the other 25.

    We find it crass and unacceptable but we know they are hacks and will do that so we keep hacks FAR from such decisions .

    The PM is the frigging leader of all Bajans and he is integral to many life or death decisions. If he is sounding or acting like his hacks then he needs to be removed.

    Your statement was a brush off I know, but somethings in their simplicity often express the profound.

    The PM is indeed sounding and acting like an idiot. This is no longer very funny.

  14. are-we-there-yet Avatar
    are-we-there-yet

    David;

    You said above:
    “We continue to look for signs that Mr. Integrity is back!”

    Mr Integrity was just a construct of the DLP spinmeisters. It was never so!

  15. Bajan Yankee Avatar
    Bajan Yankee

    Dear US Embassy staff, we know you read the blog thus can you find a way to revoke the US visas of some of the corrupt thiefing officials in Barbados. Hope thats not too much to ask as docile bajans seem powerless to get politicians to be accountable.

  16. Gabriel Avatar
    Gabriel

    As stated,the list of investors in the Clico company,among whom we now know is Stuart himself,the list is the least of the peoples’concerns.The list this man should publish would inform the names of those directors of Clico here in Barbados who benefitted by insider loans whether free or on very low interest rates and who used those funds to build or buy condos and imposing structures here.
    I support the view that left to Parris as an individual,the EFPA’s might not have been successful,but it was more a measure of the confidence investors placed in Duprey,whose business acumen and savvy Impressed.Oh for this JA man Stuart to have even a smidgen of such confidence reposed in him,perhaps Barbados would not be the junk capital of the Anglophile Caribbean.

  17. ac Avatar
    ac

    bush sh.it u are such a as .hole and a retarded one too

  18. Bush Tea Avatar
    Bush Tea

    Bushie is aware that wunna people don’t really believe in no bible on nothing so…

    …but is there ANY other possible explanation to what is happening to this little place than that we have been CURSED, and assigned children and effeminate Brass bowls for leaders…..and that the sheeple have been blinded….?

    It is clear that Stuart is ill….
    shiite man…the fella is incoherent and ranting..
    Ya mean one of the doctors there can’t see that – and offer up some help?
    ….shiite! wait! …they are ill too….

    Bushie warned wunna long ago….
    ….embrace wickedness and unrighteousness and there are INEVITABLE consequences….

    The damn place is too:
    …racist
    …materialistic
    …accepting of criminals
    …dismissive of the poor and oppressed
    …immoral and unethical
    …lazy and unproductive
    …lacking in pride and industry

    ….so we have reaped what we have sowed….
    A series of increasingly idiotic leaders that keep forcing us to jump from the frying pan into the fire….
    A population that is just as corrupt as the leaders – and as such, are unable and unwilling to STAND UP FOR TRUTH AND JUSTICE ….least they also be judged.

    The only people more “incoherent and ranting” than Stuart and his corrupt political class are the various church leaders…..
    SHIITE THEN!!!! WHAT A WASTE…..
    …..these are supposed to be the salt of the earth????!!??
    …..these are meant to be reflective of God’s righteousness?????!!!
    ….and BLENDING in so well with the other brass bowl brutes?

    …..Trust Bushie on this…..
    Their asses will be in even more serious grass that the regular brass…..

    If that french connector (UK) Caswell had BUPped, ..PERHAPS ….PERHAPS… we could have seen a national repentance …and a turn to doing RIGHT…..
    …PERHAPS….we could have seen the folly of following the economic idiots who model their lives (and ours) on the materialistic white people…. and made a change…

    …..But it seems to be too late now….
    Stuart and Sinckler has taken up the role of undertakers….
    …So Bushie has started the work of the sociological pathologist who will be analyzing the decline of Bajan society…..

  19. millertheanunnaki Avatar
    millertheanunnaki

    “So what if the Prime Minister has a list of Barbadians who bought the EFPA? Of course we agree with him greed played a part and high interest rates offered by the Parris led company led to the predicament many EFPA policyholders find themselves. The question we want the prime minister to answer is why was CLICO allowed to sell the EFPA and who should ultimately be responsible.”

    Why is the P M focusing on the holders of the EFPA’s? Is this greedy bunch suffering like Leroy Parris because some of his looted millions have been frozen? Why not focus on those innocent ‘regular’ life insurance policyholders and suffering pensioners no longer in receipt of their monthly incomes?

    Why is he trying to place the blame for current state of CLICO on the policyholders and the Judicial Manager? Which administration was in office when the SoI was ‘relieved of her duties’ when an order was issued to CLICO to stop the sale of unapproved EFPA’s and other suspect financial products? Which administration was in office when the JM was appointed? Why didn’t he put a stop to the appointment by punishing any such monstrously perverse proposal with mocking laughter?

    The more this man speaks the more we are being convinced he is losing his marbles as he purposely goes out of his way to protect an exposed fraudster from Justice.
    Nothing you say Mr. Fumble could convince the people of Barbados (including those on the list of victims of fraud and swindle) that you are a man of integrity as long as you continue to protect the untouchable Leroy Parris and Terrence Thornhill from the law.

    Ok Mr. Fumble, so you are pissed off the JM has eaten millions of dollars of dizzying proportions from the once fatted CLICO cash cow. I beg to agree with you, totally.
    So how about doing something for the national good by ensuring the Treasury of Barbados is in receipt of its share of the pickings of decaying flesh to help bury the dead that would soon be CLICO Barbados?

    Why are you preventing the BRA from recovering the taxes due on the millions of unreported incomes milked from the same cash cow by the likes of Leroy Parris and Terrence Thornhill?
    Why not ensure that the JM and the lawyer gang of vultures including Hal Gollop pay the appropriate taxes on the financial flesh ripped from the fallen cow?
    Or do you think this information of the massive scheme of tax evasion which you are aware of should also be punished with laughter to await another commission of inquiry?

    Now there goes a few names to be added to the list of tax dodgers your trusted advisor on economic matters, Sir Frank A has prepared. Are you yet in receipt of that list or has it found its way on your invisible desk just like the many missing reports and documents awaiting your action?

  20. Pachamama Avatar
    Pachamama

    @ Bushie

    AC called you, and by extension us, retarded assholes. Something is really wrong with her language usage!

    We can’t understand if one is deemed retarded that person has to be an asshole as well! LOL

    Separately,

    You cannot limit current events to the local political culture and then make the anticipated conclusion/s which you always make. That is where you loose us!

    There is little in the local culture which does not come from somewhere else. Unfortunately, that also includes your BBE. And all the players involved are members of your acili. Across the wider culture.

    So the failure also includes the failure of Christendom as a social construct. And all the people we are talking about are Christians whether we like it or not. We eat Christian food, we dress in Christian clothes, we have a Christian political system, we have a Christian economic system, we have wider Christian social systems. And stinking Fruendel Stuart is a Christian. Whether you recognize this or not.

    So it is the Christians themselves who are bringing these problems on us! And always have.

    If we maybe allowed to continue this ‘logic’ we would then like to conclude that your BBE, itself, is central to a wider collapse. And it is about time!

    So for us, you, to look to BBE for salvation or attempt to exclude BBE from the generalized failings of the local or global system, lacks logic.

    Please don’t tell us again that you have no intention of trying to convert anybody. We cannot be converted and don’t know why anybody would try. Or think we think they would want to try.

    We have said before that people who preach religion, any religion, to Black people should be shot, on sight!

  21. millertheanunnaki Avatar
    millertheanunnaki

    @ Pachamama March 18, 2015 at 7:37 AM
    “AC is an expert in ‘yardfowlism’. See how she is exercised by the hot shite from the mouth of Stuart.
    …………she is such a good yardfowl that she can expertly pick scratch grain from the shite Stuart continues to emit from the hole in his face.”

    LOL!! Pacha, you are the best when it comes to using ‘sweet-tasting’ imagery and ‘bitingly bitter’ acerbic analogy in describing that obsequious clown of political pantomime called “AC”, that damned lying pimp (dlp) of an automated c*nt.

  22. racehrse Avatar
    racehrse

    Freundel Stuart & the DLP have done more harm in less time than the african snail. Does anyone know about the PM’s personal investments, finances, houses, cars, government expense account that can be released.

    ‘2011

    https://barbadosfreepress.wordpress.com/2011/03/17/prime-minister-freundel-stuart-to-barbados-i-dont-care-about-conflicts-of-interest-leroy-parris-is-my-long-time-friend/

    ‘2013

    http://www.trinidadexpress.com/news/CLICO-gets-new-name-189531761.html

  23. ac Avatar
    ac

    why is everybody so nervous about the list.seems unless you have something to hide it would be of no bother to self.
    What happen to the long talk about transparency or that should only be considered according to one,s personnel agenda/s.
    The BLP misfits going to be out in full force with the rag muh tail diatribe and name calling trying all they can to demoise the PM

  24. Togetherness Avatar
    Togetherness

    @millertheanunnaki March 18, 2015 at 8:20 AM #

    The question we want the prime minister to answer is why was CLICO allowed to sell the EFPA and who should ultimately be responsible.”

    Miller now you talking lets get timelines and who was running the show in answer to your questions. Who allowed the EFPA into the market? Parris and Duprey feasted in the fourteen years of the OSA monarchy. The not sharpest tool in the shed and her BLP running dogs speak as if the goon Parris made hay under Stuart when its the exact opposite. Parris was king of the dubious hill in concert with the imperial reign of the short man and the unwed Motley. If this short history lesson is incorrect miller tell us when Parris became the money maguffy receiving $10 million cheques and similar humongous pay packets.

  25. Hants Avatar
    Hants

    I just read the online NationNews.

    PM: DON’T BE MISTAKEN

  26. just asking Avatar
    just asking

    Barbadians are by now accustomed to the DLP innuendoes, so what if greed has made B’dians want to make quick money, what about the ones who took out their policies for their retirement and now can’t get a penny. People do that all over the world on stock markets which you make a million today and loose a million tomorrow. Give the public answers why this was allowed to happen here, where 3.33 million was given to Leroy Parris and no accountability. Stop Mr PM to try and make a wrong right, but that is fumble Stuart trade mark.

  27. John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES, Avatar
    John Hanson 1781-1782, I SERVE 1788-1792 BARBADOES,

    Bajan Yankee March 18, 2015 at 7:54 AM # love your post ,they will have to find another place to send the FUNDS,

    The US Embassy Already Knows , So the world now will let these negro Toms fall on their own Knives,

    Ask them for a police letter and wait for the fraud papers to show up , they are Guilty but not charged , crooks liar and scumbags dont charge each other ,

    Is this the same PM that say he saw people buying or selling votes ? and His AG was to find out who building houses in TNT and Barbados at the same time , He was to make it his business to looking to it , Or was it Him the AG that was building houses.

    the acting want to be COP cant ask for nothing , from the AG until they put him in the COP chair, So he acting he will be very shy,

    Election fraud , now he knows > Why he not file with the police or the DPP , ? Maybe there is to many DLP or other Leroys names he dont want to call,,

    Well calling every main crook we know , Side Show Bob Prime Minister

  28. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    The principal reason why the PDC has not been getting involved in posting many contributions on BU on this CLICO debacle is because the debacle itself has been essentially about the gross and reckless intentions, purposes, shortcomings of many persons and other entities involved in the private personal professional affairs of privately owned and run CLICO companies – past and present.

    Those persons and others that – under whatever circumstances – would have made investments in the respective CLICO companies, or that would have taken out insurance policies with which ever CLICO insurance companies, undertook their own non-externalized calculated reasonable risks when they went about making decisions and getting involved in and maintaining the particular polices, investments and initiatives and with the intention and purpose of securing their own personal private financial benefits and gains.

    Now, during and at the times they were doing so, thousands upon thousands of other members of the public of Barbados did not know about the signed agreements underpinning such policies, investments and initiatives, that these CLICO policyholders and investors had with the respective CLICO companies.

    And now that there has been this ravishing and raging Duprey, Parris led CLICO debacle, this irredeemably stupid inept DLP government is being called upon by the Barbados Investors and Policyholders Alliance, and by some idiotic elements within the BLP, to make sure that it honours whatever financial commitment it has been making to all the investors and policyholders.

    While we in the PDC sympathize with the many thousands of CLICO policyholders and investors that have been seeing their financial stakes in CLICO diminished or that have been seeing their expectations of getting particular financial benefits out of their CLICO policies, investments and initiatives substantially lowered, on account of this CLICO debacle which itself has been evidence of the extreme depths to which corporate and personal greed can go and eventually conflict, and with tremendous social, personal, political, regulatory, legal, financial and foreign affairs repercussions and implications, we are TOTALLY and ABSOLUTELY against the government of Barbados bailing out these policyholders and investors.

    Such will be a totally flawed and horrendously backward approach by any government to get involved in bailing out what has essentially been a series of personally driven private-oriented market constructions and the consequent corruptions and failures of such ignoble features.

    Let the chips fall where they have fallen.

    PDC

  29. David Avatar
    David

    Why focus on the prime minister? Why not the other members of parliament? They are obviously in support if one is to judge from the thumping on the desks in parliament?

    @Dee

    There is a reason BU highlighted the story about the congressman, ALL civil society actors must do their damn jobs.

    On Wednesday, 18 March 2015, Barbados Underground wrote:

    >

  30. Hants Avatar
    Hants

    “Why accept a measly three or four per cent interest rate from a savings account, or even five or six per cent from a Government bond or a fixed deposit when you could buy an EFPA from CIL and get an eight or nine per cent return on your money?”

    The “Investors” were not greedy. They were investing in a company owned and/or backed by a “successful” Trinidadian billionaire.

    Unfortunately it “did not work out”.

  31. Hants Avatar
    Hants

    The focus should be on getting the pensioners and policy holders their money before they die.

  32. David Avatar
    David

    @Hants

    The label greedy must be taken in context of prevailing market rate. The higher the rate offers always means the higer the risk.

    On Wednesday, 18 March 2015, Barbados Underground wrote:

    >

  33. millertheanunnaki Avatar
    millertheanunnaki

    @ Togetherness March 18, 2015 at 8:55 AM
    “The not sharpest tool in the shed and her BLP running dogs speak as if the goon Parris made hay under Stuart when its the exact opposite. Parris was king of the dubious hill in concert with the imperial reign of the short man and the unwed Motley. If this short history lesson is incorrect miller tell us when Parris became the money maguffy receiving $10 million cheques and similar humongous pay packets.”

    Since you are the “sharpest tool in the shed” let your memory be the whetstone and tell us which “unwed” P M referred to the “money maguffy” leprous Leroy Sunny Pokey Greenverbs Parris as his intimate pal and described this non-leprous pal as an ‘estimable gentleman’ and a ‘monstrously’ successful business executive worthy of iconic recognition by all Barbadians since he worked himself up from the cane-field bottom under the deep guidance of his rearguard master to rise to the buggery top of the shite pile of corruption.

    Why do you think your boss man Fumble is so treacherous to the greater laws of morality by protecting his ‘queen’ pal from the criminal laws of justice?
    Is he afraid that queen Leroy might verbally shit himself and some well-kept closeted secrets about the private life of an unwed PM might float to the top of the bucket of filth that bedevils the ruling administration?

  34. Hants Avatar
    Hants

    David “The higher the rate offers always means the higher the risk.”

    Agreed David but the prevailing “factor” was oil rich Trinidad and billionaire Duprey.

    On another note,

    Some of these policy holders still driving Bimmers and Benzes.

    Some livin han to mout. the loss impacts some more severely and they should be the first to get their money.

  35. Hants Avatar
    Hants

    @ millertheanunnaki,

    It is not important who bullinwickinfoopin. Let us focus on who tiefin.

    Focus on how the poorest pensioners can get back the money they invested in Clico.
    Those on the PMs list probably still living large.

  36. Hants Avatar
    Hants

    Could this happen in Barbados.

    http://www.cbc.ca/news/politics/liberal-mps-massimo-pacetti-scott-andrews-to-be-booted-from-caucus-1.2999426

  37. Prodigal Son Avatar
    Prodigal Son

    @ millertheanunnaki March 18, 2015 at 8:20 AM #

    “The more this man speaks the more we are being convinced he is losing his marbles as he purposely goes out of his way to protect an exposed fraudster from Justice.

    Nothing you say Mr. Fumble could convince the people of Barbados (including those on the list of victims of fraud and swindle) that you are a man of integrity as long as you continue to protect the untouchable Leroy Parris and Terrence Thornhill from the law”.
    ………………………………………………………………………..

    Excellent post, miller.

    I have come to the conclusion that it is better for this man who is the PM to keep his mouth shut. Every time he opens it, he speaks with sarcasm, derision, condescension to the Barbadian public. He has become so obnoxious, it aint funny anymore.

    What he spewed yesterday in the House, tells you everything you need to know or ever believed about him. Instead of blaming the thieves who defrauded innocent people, he wants to blame the investors. He is not concerned that his former PM while as PM conspired with Leroy Parris and Terrence Thornhill to create a fraudulent invoice to thief CLICO money and the thieving dead king’s wife is sitting right behind him in Parliament literally sitting on this stolen money.

    What a monstrous perversion of commonsense.

    My goodness. I am so sick of the dems.

  38. David Avatar
    David

    @Hants

    The determinant can’t be the lifestyle of policyholders. It must be based on a principle.

    On Wednesday, 18 March 2015, Barbados Underground wrote:

    >

  39. Artaxerxes Avatar
    Artaxerxes

    What exactly is Stuart trying to imply by saying he has a list of those persons who invested in the EFPA and he knows all the people who wanted quick money?

    Perhaps he’s insinuating BLP politicians made investments in the EFPA or behaving as if something untoward occurred.

    But does that make them criminals if they chose to invest in what they may have thought to be a legitimate venture?

    By making such a grand boast about him having this list, Stuart is just demonstrating another form of yard-fowl politics to appease DLP supporters who are hurting as a result of the information revealed by the forensic audits reports and to make them feel as though he has some sort of “ace” up his sleeve to discredit certain individuals who may have invested in the EPFA.

    Stuart, people are always looking for quick money, that’s why the lotto lines are so long with some individuals spending as much as $500 per “Mega 6″ or “Super Lotto” draws.

    That’s why some arcades open 24 hours, because they are always filled with people playing the slot machines until the early hours of the morning.

    That’s why the racing pools open from early morning until late at night to accommodate punters who are looking for quick money.

    The only difference here is that CLICO had an operation that was much more sophisticated than the Barbados Lottery, arcades and racing pools.

  40. old onion bags Avatar
    old onion bags

    @ Prodigal

    .What a monstrous perversion of commonsense

    \\\\\\\\\\\\\

    No Prodi…. a monstrous perversion of honesty and integrity…tis one.

    The one about common sense is a KNOWN….

  41. Hants Avatar
    Hants

    @ David ” It must be based on a principle.”

    Why do the poor, lower middle class, “masses” suffer for the so called principle?

    Has anyone been arrested and charged to support the “principle” ?

    There is a quote “some must die that others will live”

    Well the pensioners will die POOR and and the big ups will live large until they die leaving their ‘ESTATES’ for their children.

    “The poor will always be with us” is a well know “principle”.

  42. David Avatar
    David

    @Hants

    We can’t engage continuously in yardfowlism by not holding people in public life accountable and expect a different behaviour in a situation like this one.

    On Wednesday, 18 March 2015, Barbados Underground wrote:

    >

  43. Hants Avatar
    Hants

    @old onion bags,

    Investors went fishing for Barracudas and catch sammonpeas (bone fish)

  44. Hants Avatar
    Hants

    David I respect your position and yes people SHOULD be held accountable but when is any big up ever held accountable in Barbados?

    Hardly ever except for a few.

    This debacle can be scripted by any of us and we all know what the result will be.

    Can’t wait for the entertainment on the platforms at the next political brass meetings.

  45. Pachamama Avatar
    Pachamama

    @ David

    It’s a waste of time ‘holding people accountable’

    It’s better to hold the system/s accountable!

    For people are mere lab rats looking for a piece of cheese!

  46. David Avatar
    David

    @Hants

    Hopefully CLICO will be the wake up call.

    @Pacha

    Yes the system must be continually perfected and actors who run afoul of the system must be dealt with.

    Was it the PM’s intention to stir public debate? If so he succeeded.

    JA!

    On Wednesday, 18 March 2015, Barbados Underground wrote:

    >

  47. Pachamama Avatar
    Pachamama

    David

    If the system is fundamentally flawed. Is it no wonder we go through this thing about punishing people and so on. We have been doing this nonsense for far too long. And nothing changes. It is a collective madness!

    Bushie cited racism earlier. Everybody knows the whole system is basically racist but we assuage a collective guilt by blaming individuals for acts of racism. This is a fool’s errand.

    We know that all the leaders, politicians, we had…………. never really cared about serving us and that was the system, is the system. But yet, we go on about who was a bad politician is a bad politician. These are people we only trying to mek a living, nothing more. And the system allows them to do so at the expense of the many. What’s new!

  48. David Avatar
    David

    @Pacha

    An event or series of events will have to trigger change. It will not happen because those vested decide to change it. Maybe a few people put in stripes because of this CLICO business can do the trick.

    On Wednesday, 18 March 2015, Barbados Underground wrote:

    >

  49. Hants Avatar
    Hants

    One of our Bajan authors should write a novel based on this debacle.

    It would be a “best seller”

  50. Mark Jones Avatar
    Mark Jones

    Too many big players in this Clico thing. Too little was done too late and nothing much will come of this. If these people see 5 cents from each dollar they will see alot. I don’t understood why a claim was not made directly to the Trinidad government or through caricom. If they could meet bout cricket, they could meet bout clico. The Guyanese were able to utilise a fund at caricom set up by Trinidad to pay off some of the policy holders there.

    I find that the clico policy holders waited too long to take action should have filed in court years ago. Many who invested in the EFPA were embarrassed (and alot still are) to let anyone know the true extent of their losses. Bajans need to learn from Trade Confirmers and Clico. I moved from BNB as soon as the Trinis bought it and I don’t buy any of their products. I have scaled back from Massy too as the prices have skyrocketed since the take over. I try to support Bajan products and Bajan businesses. Anyone involved in that Clico mess should be looking for work off island as I would not employ them to do anything or have any dealings with any new company they are involved in.

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