DO YOU KNOW FOWL COCK AH KNACK AH DRUM???

I said that over a year ago and the reason I started calling them PPPinc. Note the same with NICIL where I noted it is simply a three card monty to move assets to their friends and family outside the scope of accountability. To this point there is no money in the till of this company despite moving billions of dollars. The "investments" happen to be in the hands of cronies. The opposition needs to act now  with legislation to pre-empt them using  plants bringing a frivolous suit against the entity just to buy them time to hide the details in murky paper work.

Did you know a Carib Airlines jet ran off the runway because the airport runway was not up to international standards?

and extending a runway is a difficult thing!

How can the gov't misappropriated $50 Billion which is US250 million when the country does not have that kine of money??  Things are being seriously blown out of proportion here.  It's a war of words with lies being used to the ultimate to influence public opinion.

Wah, yuh tek alyuh eye pass abie.  250 mil ova seh 12 years nah nuttin.  Yuh knoo wah drugs pass thru abie k0ntry every year?  Alyuh coolies up deh prapa tink only alyuh gah nuff paisa.

Assets have value. Moving it into a holding company add value to the holding company. Moving it out as investments means you can legally turn it from a government entity to a private entity by paying dividends and accruing losses. Soon, the person buys the depleted entity at a fire sale and the legitimate deed is done.

Stormy,

 

This is sounds like a Wall Street Financial operation. These guys are not exactly Neanderthals as Joey like to say.

Bai, yuh rass gah no idea bout "adding value" in Guyana.  Yu wan lil bushman planting casava run goa amerca and larn fuh drive cyar, an now yuh rass confuse.  All dah sh1t yuh taalk bout is up deh and den wenn it bruk donk, dem taxpaya gafa bail am out.  Ting nah wuk laka dah donk hay.

All dah sh1t yuh taalk bout is up deh and den wenn it bruk donk, dem taxpaya gafa bail am out.  Ting nah wuk laka dah donk hay.

 

Very good point Sledgehammer. We, the taxpayers, have to bail out the big corrupted banks. The gov't is lending them money at 0% interest rate and they're allowed to charge us high rates on our credit cards and pay us nothing on our savings. Savers are taking a beating in the US like never before. We are in one of the worst crises since the great depression. The big wigs on Wall Street keep rewarding themselves with huge bonuses while working people are being laid off. It's shame to see how much power corporate America still have inspite of Obama's promise to reign them in.

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Not true. It was pilot error. 

That is a different kind of animal you are speaking of. It is akin to comparing a seahorse to a goat or rather only a goat would think the two circumstances bear any resemblance.

 

Playing three card monty with the states asset and converting it to private assets and enriching select members of the ruling class is thieving from the state. The bailing out of GM was the bailing out of a corporation traded on the market and an industrial asset. That money was paid back.

 

 Bailing out banks was saving private assets. While he reasons they failed in the first place may be because of fast and loose with complicated financial instruments it was not the same as simply taking states asset and converting it to private asset of a select few in the administration.