The ghost writers are back

Sep 26, 2010 Letters

Dear Editor,
So the ghost writers are back. Todd Morgan has metamorphasised into Raymond Edwards and tomorrow he will metamorphosis into Raymond Constance. Well as you know my policy is not to engage with any ghost writer, but to correct any lies raised by the phantoms. As a patriot to the land, I will passionately defend my country against increasing irrationality and injustices of the Executive that governs.
Lie #1 – “I suspect that the President chaired the meeting because only he could give these people, the kind of assurance that the liquidator could not render; the assurance of all of their monies being returned to them.” I rather suspect not. Who is the Finance Minister of Guyana? Dr Singh or Jagdeo? If President Jagdeo is not aware, Dr Ashni Singh is much more competent than him at strategy, administration and tactics. He is a Guyanese scholar and thus to treat him like a “jankelaar” is most instructional to any professional who may want to engage with Jagdeo in future service to the nation.
The state does not want to give the Liquidator access to the taxpayer funds ($3.6 billion), but that is OK. All that is required is a legal agreement between the Ministry of Finance and the controller of CLICO acknowledging taxpayers are willing to liquidate the debt of 7,000 persons in full. The liquidator will then revise CLICO’s financial statements to reflect the change in the assets and liabilities of the company accordingly.
The Minister can competently issue a Press Release or a Press Conference to advice of the decision. The President has no part in the Liquidator’s meeting which according to proper protocol should have been chaired by the Governor of the Bank of Guyana.
Lie # 2 – “The President will draw resources that are not available to the liquidator to cater for this demand.” Is the Bank of Guyana not a state institution anymore? If funds are available to the Treasury it can be easily transferable to the Bank of Guyana or NICIL or state institution once there is clear justification for the transfer.
Further, the National Assembly should have been advised of the decision, even if it is after the payments were made. The taxpayers of Trinidad have agreed to partially fill the hole created by the poor decision by CLICO Guyana and poor oversight by the Jagdeo regime. The fact is that the resources do not belong to the President, since not one sliver cent of it is coming from his pocket.
Lie # 3 “There is no guarantee that a policy holder would get back 100% of their money”. I thought President Bharrat Jagdeo had issued several assurances that no policyholder or investor in the company would lose their money? The President even gave the commitment of the taxpayers to fund this bail out. Why this inconsistency?
Lie #4 “Politics aside, the President’s direct intervention in this fiasco was absolute and necessary”. What arrant nonsense? This lie speaks for itself.
Lie#5 “The capacity of the Bank of Guyana to do this is severely limited”. The Governor can answer this lie for himself.
I believe that craft, cunningness and chicanery is the habits of the mental deformed. Benjamin Franklin said “there is a great difference between a cunning man and a wise one, not only in honestly but in ability” He further went on to state that “a cunning man is obliged to live in the dark; he is incapable of Counsel and Advice and is fearful of the Freedom of Debate”.
Cunning is therefore the Wisdom of Fools; one who has designs that he dare not own. On February 26, 2009, when quizzed about the funds that the NIS had invested in CLICO (Guyana), Jagdeo said that the National Insurance Scheme is an independent body that covers workers from all over Guyana and that the government had no authority to influence where such entities made investments.
He explained that if the NIS were to lose its investment of $6 billion, the government will not be bound to provide the lost sum of money. He explained that the NIS will have to raise funds by raising its rates or other means to make up this amount. Time will allow for the discovery of the cunning and the wise in Guyana’s politics. I am convinced when I attended that AFC meeting in New Jersey with Prakash Khemraj Ramjattan as the main speaker, I rediscovered a wise man.
And now, on behalf of my readers, I beg leave of my learned Ghostwriter Raymond Edwards to conclude this discourse.
Sasenarine Singh

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