Mr Golding shows his true colours

[Muadib]

Facts ???

LOL !!! Since when ?

2007 ?

I know exactly what appeals to the comrade mentality...

[Assasin]

what statement is that?

"Think how many other gov. has lasted for 13 years in their role except Greenspan"

To think this is my orginal post on the subject. Where did I say something I can't support here?

[Exile]

Yu have to keep up with J'can news...a bit stacatto though..

[Mosiah]

Okay Sass. Now I know you were talking about America. And Jamaica.

[Don1]

Perhaps. But how does one justify Aubyn Hill's compensation package?!?

Agreed...yes they are mercenaries around...one could regard Latibeaudiere in that group.

However sensible people (and those not sensible) are allowing Golding's red herring arguments about the inflated compensation package to divert their attention from the REAL ISSUE...viz...the continued inept handling of Jamaica's economic affairs under this regime....and the country continuing down the toilet.

While the ineptitude festers here we are...still talking about the pay issue....IT IS AN ISSUE BUT NOT THE ISSUE!!

Brilliant tactic by Golding...knowing that Jamaicans would be (rightfully) concerned by the ridiculous compensation.

It is so easy to fool Jamaicans....like taking candy from a baby...JLP & PNP play that card all the time...and win.

Shallow thinking makes for easy manipulation.

[Mosiah]

okay, but even these facts disprove yours!

but i'm done with this.

[Don1]

When will these companies be divested?

Dat tuh...but wait until the income foregone as a result of the advance payments is calculated....look for that to be an issue...if ever disclosed. LOL!!

This is precisely what the hypocrites accused the prior inept PNP regime of doing with bauxite/alumina....forward sale. Every regime does it.

Then again what do we expect? All politicians are hypocrites.....but more destructive when one combines that with the gross ineptitude of the typical Jamaican misleader.

[Mosiah]

And that really is the POINT. It's not even about whether Aubyn Hill is being paid what he is worth or not.

[Muadib]

Read.. read fuss den ask.. try the last paragraph.

*Umpire signals dead ball*

[Assasin]

Mo in economics class I was told the gov of banks are short term position and every western(capitalist) country with record I have seen have short term governors. I can't talk for the community or the nordic countries but you can also check out Japan, South Korea and others.

[Muadib]

Man ah compare Bauxite Industry to Sugar Industry now..

LOL !! WHOIEEE !!

Unnuh stap.. mi ah beg unnuh !

[Muadib]

Um.. no.. actually the point is Latti was a political appointment and a politically motivated tenure and politically motivated Salary Package..

Get to stepping....

This red herring about timing and 'IMF negotiations' is just that..

This is International Cricket gentlemen.. curry goat cricket bowlers need not apply..

[Don1]

=Mosiah;198583]And that really is the POINT. It's not even about whether Aubyn Hill is being paid what he is worth or not.

Yep...the sugar divestment has been an abject failure to this point...that point escapes most observers focused on his compensation.

And Hill gets praise for the forward sale of production...no doubt at a steep discount....very easy to negotiate...the "loan" is over-collaterized... by guaranteed future production....probably also with a sovereign guarantee.

Any neophyte banker could do that.

[Assasin]

your favorite saying "ok, but"

[Willi]

Revisiting Cargill on Latibeaudiere
Published: Friday | November 6, 2009



Latibeaudiere
The Editor, Sir:

What is all this fuss about business between the former governor of the Bank of Jamaica and the former government's minister of finance? We've seen it all before and it has taken all these years to put a stop to the costly madness.

A little less than 10 years ago (March 30, 2000) the late Morris Cargill wrote the following in The Gleaner:

"There may be differing opinions about the qualities of Derick Latibeaudiere, but there can be no doubt that the governor of the Bank of Jamaica has a skin as thick as a rhinoceros. Quite apart from any legal considerations, had Derick Latibeaudiere shown any sensitivity concerning the situation confronting him, he would long since have resigned. I also greatly regret that Dr Omar Davies did not understand that he should have given Latibeaudiere a good push.

"Concerning the fat cat brouhaha, nobody has suggested that Latibeaudiere broke any law. But consider this: While Latibeaudiere was not the governor, he was entitled to a car loan and a mortgage with the bank, but the moment he became governor this entitlement ceased. Yet as governor he was found to have both a car loan and a mortgage. There was some kind of excuse/explanation for this, but it was not a good one.

"Then again Latibeaudiere entered into an arrangement whereby he sat down to negotiate with the unions representing the employees of the bank. One can only assume that he also knew that his own salary was to be determined by increases that the employees secured. Here again, this would indicate a profound insensitivity, even if it could not be described as immoral.

"Apart from these considerations, it should be quite clear that a salary of $9 million a year is far too high for a public servant, considering the general low level of wealth in Jamaica. I do not know why Latibeaudiere is now holding on like a limpet to what he considers his rights in spite of his unpopularity and the doubtfulness of his position.

"It seems to me that there is something very odd about a man who puts himself in this position. He appears to think that he is indispensable. Nobody in the whole wide world is indispensable and it would be an unusual conceit to think that he is. Or perhaps because he is being supported by the higher-ups in the PNP he thinks that his position is unassailable."

When will someone be held personally accountable?

I am, etc.,

KEN JONES

Kensjones2002

@yahoo.com