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What’s Trending:  BLP CLICO plan ‘no good’

What’s Trending:  BLP CLICO plan ‘no good’

Fri, February 08, 2013 - 11:40 AM

The Nation’s Associate Editor, Sherie Holder-Olutayo takes a look at what’s trending in Barbados.

Our online readers today are today about Minister of Finance Chris Sinckler’s statement that the BLP’s plan to repay CLICO cannot happen and any solution must be done systematically. Here are some of their comments.

Angela J Thompson Branch: Well it sure is better that some one tries to help these policy holders and not just talk are they to wait for phase ,phase ,phase after being told their money was safe?

Roses Stuart: Okay....seeing that you are stating it is no good can you tell us what the BLP plan is and also what your plan is? I have always been told when you are going to knock an idea ,ya need no come with a solution. So ....let's hear your solution DLP!

Carl Harper: Another set of propaganda. When the Eastern Caribbean ministers of finance had a plan in place, Mr Sinckler was caught unaware and was in the process of talking about convening a meeting with them. Mr Sinckler you cannot refer to the policyholders as "so-called policyholders" and not expect to feel their wrath. The point is that the CLICO policyholders feel abandoned by the DLP government, and want to see avenues explored on how they could recoup their losses.

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Posted by Kay-rani Rosita 1 year, 8 months ago
SMH - I cannot believe how gullible some people are.
This is just another of the BLP's ploys to get your vote.

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Posted by c holder 1 year, 8 months ago
Yes, people were gullible enough to believe that they could invest their hard-earned money in CLICO because they expected local regulatory bodies to actually do their job and enforce compliance with the laws and policies governing business activity.
They were even more gullible to believe that they were being told the truth when persons at the highest levels initially claimed that the failure of CLICO in Trinidad would not undermine CLICO (Barbados).
They remained gullible when they were told it was a "ploy" when MPs- from the Opposition- persistently demanded full investigation and accountability to the public of Barbados about CLICO, in the face of denials, denials, denials.
CLICO is not a game for the political platforms. It is a serious problem that demands a serious, legal solution untainted by politics or nepotism.

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Posted by Don Clarke 1 year, 8 months ago
KRR you're so right, "I cannot believe how gullible some people are."

Don't give them yours! In fact, don't even vote.

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Posted by Kay-rani Rosita 1 year, 8 months ago
@C Holder,
Of course, CLICO is a serious matter, and I do respect that. I hope that there will be a satisfactory outcome for the policyholders. However, reality is this; investment is a gamble, for example, although not quite the same thing, look at the Madoff affair, usually when such ventures collapses, investors lose their money so if there is a way to regaining some of that lost it is a good thing, but oftentimes there is no way of recovering their losses.

This is not about CLICO and my point still stands it is a ploy to win votes, and what is the best way to do that, you play with people’s emotions and tell them what they want to hear. You are an intelligent person, and you know that some people are gullible. Of course, they want to hear that they will get their money back, who wouldn’t? Delivering on such a promise is quite another matter entirely.

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Posted by Kay-rani Rosita 1 year, 8 months ago
@ Don Clarke,

Okay, I shall save my vote for you instead. 11.15 pm

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Posted by David Hall 1 year, 8 months ago
Mr Sinckler: please stop talking nonsense,The Owen Arthur man has proven his ability to handle the economic challenges time and time again whereas you have been a colossus failure.So Kind sir, Barbadians would be better off with a bad plan from Owen Arthur any day than with a perfect plan from you.

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