Caribbean justice: Bank collapse settles after 30 years

Pennies on the Dollar

Joke of the Day – Pennies on the Dollar…

“… tremendous relief to the many suffering depositors”

BASSETERRE – Clients who lost money when the Bank of Commerce closed some 30 years ago were put on alert by Prime Minister Dr Timothy Harris that a legal settlement had been arrived at that allowed for the payment of $15 million.

Prime Minister Harris made the revelation during today’s sitting of National Assembly.  He noted that the court settlement will bring “tremendous relief to the many suffering depositors in the Bank of Commerce,” noting that “a fresh start has now come to the depositors.”

… read the entire sad tale at the Nation News

3 Comments

Filed under Business & Banking, Consumer Issues, Corruption

3 responses to “Caribbean justice: Bank collapse settles after 30 years

  1. de castro

    Hope its with interest……
    If interest rates over the 30 years are taken into account the compensation should be $30 m or more. Who is fooling who !

    Guilty as admitted.
    Rest my case.

  2. RLL

    30 years to settle a civil case in the Caribbean. Sounds about normal to me.

  3. Plop Plop Fiz What A Relief It Is!

    WTF??? !!!!!

    30 years to settle a lawsuit and the PM is congratulating folks?

    Unbelievable!

    This is incredible.