Update: March 2, 2010
This article was originally published by us on September 22, 2009. In light of Afra Raymond’s excellent article published by BFP on March 1, 2010 CL Financial & CLICO Bailout – The Mystery of the Missing Billions we thought our readers might want to give further consideration to the conflicts of interest by Barbados Prime Minister Thompson in relation to the CLICO scandal and bailout. We’ll repost this article at the top of the blog for a day or two.
Here is our original Sept. 22, 2009 article…
Barbados Insurance Industry executives finally sound public alarm about Prime Minister Thompson’s friendship with Leroy Parris
The Prime Minister of Barbados has a long-standing conflict of interest between his duty to the public and his close friendship with CLICO Barbados executive Leroy Parris. Mr. Thompson has addressed the conflict essentially by saying that Parris is his longtime friend and anyone who has a problem with that can pound salt. In other words, the public can “piss off”.
Sorry about the language friends, but I wanted you to be clear on the Prime Minister’s simple message when the fancy words are stripped away. Make no mistake, Barbados citizens have been told to “piss off” when it comes to mentioning David Thompson’s conflict of interest.
Now some insurance industry executives are finally speaking out. (source article at end of page)
Thompson’s Conflict of Interest with CLICO goes far deeper than his friendship with Leroy Parris
If the conflict was only friendship, it would be bad enough – but it is much worse than that…
Consider this about Prime Minister Thompson’s conflict of interest over CLICO…