No quick fix CLICO!

Oliver Jordan (FP)

By KAYMAR JORDAN Editor-in-Chief | Sun, July 01, 2012 - 12:12 AM

AS POLICYHOLDERS of CLICO International Life (CIL) anxiously await word on their fate, regional officials have warned there are “no easy” solutions to the now three-year-old debacle.

Following a presentation made yesterday by judicial manager Deloitte Consulting’s Oliver Jordan and Patrick Toppin to a meeting of the Caribbean Community (CARICOM) Council for Finance and Planning in St Lucia, officials who spoke with the SUNDAY SUN on condition of anonymity said their governments needed more time to study the prescribed plan of action.

At least one was insistent that there was no “quick fix” solution.

“It is not a straightforward thing, it requires a regional approach, and you must remember that Barbados started late in this whole [judicial] process,” said an official, who has been intimately involved in the CIL talks.

Please read the full story in today’s SUNDAY SUN, or in the eNATION edition.

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Posted by Bim Bum 10 months, 3 weeks ago: No quick fix?
Why does anyone expect a quick (Governmental!) fix??

The money is gone.
Dis-appeared! Past tense.
Done deal.
When you signed the investment contract
you never read the fine print.
No guarantee of present or future earnings or losses.

This is Trade Confirmers version 2.0
and Government RIGHTFULLY didn't bail out those investors, either!
This is CAPITALISM(when you thought you were making money fer sure)
but now the situation is a criminal bust
suddenly now you see the alleged virtues of alleged socialism
now you need a governmental bailout at the taxpayer's expense!

Taxpayers say NO!
Take your losses on the gamble you made.
Maybe you THOUGHT you had a guaranteed winner
but you didn't.

The taxpayer doesn't need your CLICO MILLSTONE around its already-belaboured neck!
We have quite enough of a social necklace going, as it is!

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Posted by Pan Wallie 10 months, 3 weeks ago: WUHLOSS! It has to be true, true, that out of evil cometh good. Now 'It calls for a regional approach'. This is so funny. Finally the Caribbean is integrated or should i say integrating on something. I can't help laughing.
To serenader: Now I suppose you have to rewrite that song. It gine be sheer tug-a-war to see which country gine pay back de policyholders first and hummuch.