FINSAC bailed out JLP Ministers – Davies

[Gamma]

perspective.....mi nuh si di hue and cry against that.....

[Assasin]

how can you compare Jamaica to the US?

[Gamma]

like some a di mortgage brokers that put people into houses that they cannot afford?

[Karl]

Karl, I suggest yuh stop shooting from the hip and tune in to NNN.

The difference between you and me is: I was in the private sector and in business in Jamaica during those FINSAC years had to deal with a few of these now bawling blood.

A description for some - CRIMINALS and TIEF and or PROFITEERS (Wasn't there a time when Jamaica was a base for PRIVATEERS? Some acted as if the general public and or their clients were enemies to be looted!) It was too widespread to borrow 'loosely' and 'walk away' without settling debts.
It would be no stretch of the imagination to claim that for some 'borrow an nuh pay' was a part of the "business plan" and a path to personal riches!

Some of those banks in particular could be termed were 'feeding trees' for those in control!

[Mosiah]

never hear dis yet!

[Assasin]

that ok

[Lazie]

can't listen it now.

Sorry ... that was intended for KArl. My apologies SaSS.

[Assasin]

can't listen it now.

[Lazie]

Karl, I suggest yuh stop shooting from the hip and tune in to NNN.

[Assasin]

no it bailed out the politically connected businessmen and left the rest.

It was known that both JLP and PNP politicians get bail out but wha happen to the coffee farmers them? etc.

[Karl]

them nuh get it. The fact that their lack of proper policy and treating the Jamaican tax payer like is a private club is the problem.

Imagine if them bail out a few JLPites, imagine how many PNP them bail out and how much instead of setting policy for the sufferning businessmen to benefit.

unnuh cyaan have it both ways!

FINSAC wreck nuff businesses and businessman dem...

...and...

FINSAC bail hout nuff-nuff suffering businessman dem?

Mek hup unnuh damn mine dem?

[Lazie]

Oh, okay. I can accept that.

But, on the other hand, if what led to FINSAC was not a "mystery" then there would be no need for an enquiry. Clearly, Omar might be the last person to think an enquiry is necessary.

Anyway, at this point, I think we could all benefit from an enquiry.

Listening to Omar's tone yesterday ... he isn't interested in any enquiry. I heard some people who were FINSACKED on NNN yesterday and they pointed out that the previous gov't didn't give them the time of day. Now that there is a change of gov't they're hoping that someone will listen to them.

You are aware that people are still losing their homes today as a result of the FINSAC saga?

[Mosiah]

Oh, okay. I can accept that.

But, on the other hand, if what led to FINSAC was not a "mystery" then there would be no need for an enquiry. Clearly, Omar might be the last person to think an enquiry is necessary.

Anyway, at this point, I think we could all benefit from an enquiry.

[Assasin]

As a young country Jamaica can only learn from its mistake there must be inquiries, people speak on the record and things investigated. It must be documented and people go forward.

If Omar had done this do you believe Shaw could be talking now? So many people in the country begged for this. The Jamaican finances is not a private club that the minister of finance do whatever they want and get a free pass, it is only fair for people know what is happening.

For example the coffee money in the Blue Mountain went down in these crashes as well and most of the farmers think that only Ronnie Thwaites and a few other connected got bail out and most of them were held holding the bag, now is that true? That is part of the reason why some things must be in the public on the record.

I care less for these politicians I care for the people of Jamaica and the little bit of policy studies that I do help me fi know that information is key.
I am more concerned about my neigbour in Jamaica who now have a heart problem because of what happen to his acres of coffee that he got no money for, I am more concerned for the people who I know who needed some help and got none, had to take out 35% interest rate and some of us had to help bail them out.

[Lazie]

Why should the PNP have an enquiry when they are the ones who put FINSAC in place and never had a problem with it?

Should we have an enquiry into highway 2000 too?

Mosiah, like Omar yuh missing it. The enquiry should start with what led to the creation of FINSAC ... Omar is talking as if all of this started with FINSAC.