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First casualty of the cabinet reshuffle. And by the way, I can’t help but wonder about the silence on the SSL front

In reply to rudebway
Story soon come to bump. Dem tief Usain’s money and think we have forgotten.
Time longer than rope.
Nice bag a money wid di retroactive package Eent!

In reply to rudebway

The Govt stole Bolt's money?

In reply to nitro

i didnt say that...i was just asking about the silence. Nigel said the FBI was coming to help investigate.. just asking about the silence. i was just thinking in general of the posturing for the next election..

so i view the reshuffle and the senate appointment as an attempt to invigorate. i brought up Usain because i think the salary increases and B0lts money will probably be PNP talking points. i didnt say anyone in the government took his money

In reply to rudebway

I can understand bringing up the hike in salaries, high crime rate, CMU and some other high profile scandals but to add Bolt's investment in a poorly managed private institution makes no sense to me. I guess dutty Andrew is hoping that the people ignore the scandals as they did during the PJ Patterson years.

The FBI did not make it?

In reply to nitro

thankfully the prime minister (who invested in that same poorly managed institution) was able to liquidate his position in SSL in 2021 prior to its collapse. He has better advisers than Bolt

In reply to rudebway

Would not be surprised but is that really the case?

In reply to nitro

yes that is the case, unless Holness is lying on himself.


Link Text


excerpted below from the Gleaner article for your convenience.


Prime Minister Andrew Holness says he currently has no active account or funds at fraud-hit investment firm Stocks and Securities Limited (SSL).

In a media release on Tuesday afternoon, Holness noted that he had disclosed in February 2016 that he held an investment brokerage account with SSL, which was opened in 2008.

However, he said in September 2021 he liquidated the last remaining financial instrument managed by SSL and gave instructions for his account to be closed.

In reply to nitro

Speaking of PJ, was it him that outbid some Hollywood actor on some real estate thing? Or was it an attempt? Or is not so the story go? Might be some other funny business did ah gwaan, but you know that is the Yardie way, regardless of party. Details kinda sketchy right now.

In reply to JahJah

You know my issue with trying to link Bolt bad investment with the Govt is. Are these same folks willing to accept that the PNP was responsible for the collapse of the banking sector in the 90s, with many average Jamaicans losing their life savings?

In reply to nitro Collapse of the banking sector is a stretch, one bank and may be two insurance companies failed,and quite a bit of that was due to greed.

In reply to nitro

i posted the link earlier in response to your question. Thankfully Andrew was "smart" enough to cash out his "bad investment" the year before SSL collapse. Apparently you werent aware that the goodly PM also had bad investments.

Anyway, you can bring up all the PNP scandals from the 90s (as any good labourite would), but that is not my point. i am not comparing levels of corruption. I started the post talking about the cabinet reshuffle and the removal of old man Samuda. My line of thought was that this and the senate changes were done to refresh the administration in light of the next election.

So following on that line of thought, the instagran generation who are now eligible to vote don't know about the 90s. More recently, I cannot remember the name of the petrojam lady who got $30Mmillion because they say she was such and such person's sidechick . never mind. My point is, I cant remember her name, the voters in the Trelawney bush wont remember her name. They probably also aren't sure who Ruel Reid is. But they sure know who Bolt is. If the PNP doesn't play this up during their campaign, i would be surprised. Maybe Andrew has great financial advisors and they saw the impending collapse of SSL. But on a campaign speech, you know the opposition will imply... a how him know fe tek out him money? hinsider hinformation.. and them tief Bolt money

In reply to nitro

Do you think it was by chance that Anju removed his money from SSL in 2019?

It cannot be because the report from the Regulator Agency (FSC?) which The Min of Finance did not read even though it was emailed to him was a very red flag.

In reply to Headley

Bredren, I will never try to defend Andrew Holness. I do not trust the guy.

I just won't play the hypocrite because of what I know went down in the 90s.

Real scums that took Bolt's money. I have no confidence in this JLP labour wrong government.

In reply to Headley

did you see Nigel on all angles tangling with Dionne Jackson Miller? He had a narrative that he was trying to push regarding the salaries but she was having none of it. came equipped with his posters and charts

In reply to rudebway

Missed it but I will find it on YouTube.

In reply to camos

You think it was mostly greed?
How do you think interest rates of 50% to 90% affected the business community and the rapid devaluation of the J$ from below $7 to close to $100 impacted the economy?

In reply to nitro

Oh how soon we forget. I know someone who RESEARCHED the meltdown. His conclusion: GREED. Why did Crawford at Century not live on how much thousand US a month? How did he and Seaga forgot the loan? Why did Eagle invest in that pink elephant which EVERYBODY said was a BAD idea. Crown Eagle was then used to pilot these-the one profitable entity. When Geoffrey Messado the chief exec objected he was fired. When the external auditors said Mutual Life was insolvent-they were fired.

There was this MASSIVE edifice complex with own insurance company building out a helipad. Short term assets were used to purchase real estate. Many were saying that tje real estate prices could not keep going up and the bubble would burst. High intrest rates would have affected the PRODUCTIVE sector but it was NOT what took out the financial sector. Businesses were complaining that they were in COMPETITION with their OWN banks. Just like the 2008 World crash it was GREED as is ALWAYS the case with financial sector crashes.

In reply to nitro

One of the stories, I knew a guy in Mandeville, who intentionally defaulted on his shopping mall mortgage twice while buying a house in Miami with the rents he was collecting from the shops.