Comments on: NIS will not lose a cent – Jagdeo

By: Brandon Samaroo (PPP is now the new and improved PNC Dictatorship)

Brandon Samaroo (PPP is now the new and improved PNC Dictatorship) — Thu, 02 Jul 2009 21:39:32 +0000

Pinch? how about a bucket of salt?

By: Brandon Samaroo (PPP is now the new and improved PNC Dictatorship)

Brandon Samaroo (PPP is now the new and improved PNC Dictatorship) — Tue, 30 Jun 2009 22:56:01 +0000

Jagdeo hollering NIS won’t lose a cent is like when you are telling the kids hey santa is real bai, watch e gonna climb down from the water tank.

By: Caesar Agustus

Caesar Agustus — Tue, 30 Jun 2009 21:37:08 +0000

Hmm. Not lose a cent.Let me be the judge of that.

By: John Smith

John Smith — Tue, 30 Jun 2009 19:56:17 +0000

Or you mean porous and pervious, Amen-ra?

By: amen-ra [jackass seh de world na level]

amen-ra [jackass seh de world na level] — Tue, 30 Jun 2009 17:54:30 +0000

The president is a smart leader, he really knows how to dig one hole to fill another, with leader like him guyana will be prosperous in the next year.

By: Andy

Andy — Tue, 30 Jun 2009 16:55:17 +0000

Yeah riiiiight…..

By: W.C.D People

W.C.D People — Tue, 30 Jun 2009 13:34:43 +0000

For an Economic or Financial professional he does not sound too impressive, especially if this was a pitch to investors.

The investment failed but as usual with government (and the reason Y ppl look at govt for secured investment) is that they can tax u more to pay debts. Or take more from one pot and put into another.

Lets just admit it was a bad investment. Ask any Wall Street guy and they will admit some investments are bad and some good. But they look at the average gain of the medium to long term for a portfolio, especially for an organisation like NIS.

Remember, lots of us who voted for your party have to watch out portfolio monthly and quarterly ( some daily) to ensure that retirement income is there and growing. So we R a bit more educated / knowledgably these days.
Grandstanding don’t work so well in the post Bush era.

By: B. Thomas

B. Thomas — Tue, 30 Jun 2009 13:03:22 +0000

Here we go again, this guy mouthing off empty promises. “hopefully we’ll get this and hopefully we’ll get that” well hopefully we’ll get a new president

By: Justice

Justice — Tue, 30 Jun 2009 10:07:45 +0000

anything Jagdeo says should be taken with a pinch of salt.

NIS already lost the $6B, that has already been established. the money that will be used to pay back NIS could have been used for much needed development.

secondly, from all indications so far it appears as though the Clico money was pilfered or squandered. the financial crisis is being used as a cover.

the shareholders needs to start looking after their own interest. contact FBI and Interpol for help in tracing where the funds went.

By: blacksage

blacksage — Tue, 30 Jun 2009 09:52:19 +0000

Very good, Jaggyboy.

NIS will not lose 1 cent.

We will utilize sale of state property to account for that deficit. And of course if it doesn’t happen, we will go to the treasury. Hence, we will save the Guyanese people any expense.

You know how it is with us PPP-ites. We dig holes to fill holes.

Vote us in again next election, everyone. We promise to do same.

By: Andy

Andy — Tue, 30 Jun 2009 09:39:50 +0000

Of course NIS will not lose a cent, because what government will do is borrow money from the public treasury to make up for the money the NIS lost to CLICO (GY) and then have the Guyanese repay (via increased taxation?) the money taken from the treasury over ten years. The people of Guyana are losing twice: having paid their NIS contributions and now having to repay the loan government is taking out to fill the void left by the NIS loss!

No matter how this Preident tries to spin his way around the issues, he cannot escape blame for his government’s willful mishandling of the CLICO (GY) debacle when it failed to have its Insurance Commissioner stop or penalize CLICO (GY) from investing in excess of 15% funds overseas! That’s the botoom line!