Saturday March 20th, 2010
- Last update:3 min 48 sec ago
MP blames Govt for HCU collapse
Published: 31 Oct 2009
St Augustine MP Vasant Bharath has blamed Government for the collapse of the Hindu Credit Union (HCU).
Bharath made the claim while contributing to yesterday’s House of Representatives debate on a private motion on the HCU. The issue was presented for debate yesterday by Opposition Leader, Basdeo Panday. Bharath’s comment was made after he was asked by Prime Minister Patrick Manning if he was in fact suggesting that these people (HCU depositors) found themselves in this unfortunate position, as a result of the actions of the Government.
He then elaborated by saying the HCU members deposited their money in the institution because they believed in the system. He said the thousands of HCU depositors were under the impression there was proper legislation in place, proper oversight mechanisms, so the Government was at fault because they neglected to do that. He later said Government did have a system in place, but it was not for the poor people, but for the wealthy. An Opposition MP was heard shouting the name of Udecott Executive Chairman Calder Hart. Bharath said Government had discriminated against the depositors of the HCU. He claimed CL Financial was given preferential treatment while the HCU was left on its own.
Vasant should stick to
Vasant should stick to selling pet food.
MISINFORMSTION VS
MISINFORMSTION VS INFORMATION -
Mr Bharath, was cleared of any liability connected with the shipment of rice to T&T. He won his case and was exonerated. Any insinuation to the purchase of dog rice is purely mischievous and should be ignored and seen for what is the dishonesty of desperate persons. They talk about integrity and morality but their hypocrisy knows no bounds one would think that they were above what they so vociferously complain about.
You should be the LAST
You should be the LAST person to talk about desperation, integrity and morality and hypocrisy. You and your false god and his bourgois godson have no integrity and morality and you all full of hypocrisy - among other things. And NOBODY more desperate than the crooked UNC, it's leaders and its sycophants. So doh talk.
Whether Mr. Bourgie was cleared in any case or not, was NOT my point. I am fully aware of that outcome. My point was, for talking garbage, Vasant should stick to selling pet food instead of trying to talk about serious matters. If you vex for that, is your damn business.
Garbage - Harry Harnarine had absolutely nothing to do with the HCU Collapse, ent Vas? When they authorities tried to investigate and the papers ran stories there was a bonfire in front the Mirror newspaper led by Harry with Ken Ali jumping up like a carnival jamette. One senior editor was visited at his home by men in a black van in a futile attempt at intimidation. The Mirror still operating. Where is HCU? Harry organised a group of depositors to go and picket government offices when there was talk of investigation. Crooks was running the HCU then, and crooks running it now. Bourgois Vasant who don't give a rat's behind about poor indian people, following his godfather and trying to woo hindus by AGAIN riding their backs getting them to think he gives a damn now??? And Vasant coming to parliament to talk raw sewerage about a Gov't to blame for HCU collapse? Man, GO SO with allyuh garbage yes... wotliss setta people.
You all are irrelevant and useless. You can't spell "DUNCE" without U-N-C at the center.
STOP SPINNING
STOP SPINNING -
You will get giddy. Your counter arguments are spurious. How does pet food and garbage relate that is quite a stretch? Mr Bharat never said what you are insinuating, nor did he deny it. It could be a factor, his point is about who has the responsibility in regulating the Financial Sector is valid. There is general agreement that the regulatory bodies are inadequate. In an attempt to correct this new laws are being brought to parliament. This view is not the sole domain of Mr Bharat; I hear it coming from COP, UNC, PNM and the wider community. Personal attacks do not strengthen your arguments it does quite the opposite. It sounds like a little child having a temper tantrum, very immature.
Correct, but it was in
Correct, but it was in direct response to you, so it doh matter.