In yesterday’s gleaner the letter of the day, asked why there was an interest in demolishing the Finsac inquiry. As one who thinks this inquiry is a waste of time and scarce resources, let me take the opportunity to answer him.
First, it will change nothing, money’s are not going to be unearthed and no reparations are going to be made.
Second, if the then government’s high interest rate regime and not bad business practices by local banks, are to be blamed for the disaster. Then why is it that the foreign owned and controlled banks came out with barely a scratch?
Third, this inquiry has been conducted in a fashion that should have it rebranded as the Finsac Inquisition.
Fourth, between the manner in which the inquisition has been handled, the healthy pay packages to the inquisitors and their support staff and the allegations of bias. No conclusion or assessment produced by this inquisition will have any serious value, as the commission’s credibility has evaporated.
So, as a tax paying citizen I think this is a total waste of my money. And even more disturbing to me is that the government with its back to the wall, in the middle of a debt default and promising greater fiscal responsibility can look me in the eye and say that this political side show is money well spent.
