Tag Archives: Caribbean Money Market Brokers

CL Financial debacle: Did Caribbean Money Market Brokers (CMMB) collapse or not?

The big question for me is how come the chiefs of CMMB, a financial institution which is reported to have failed on this scale, can be permitted to open another one?

We are acting as if we have no capacity to learn from our errors.  Just carrying on as though nothing happened…”

Some chickens never come home to roost

by Afra Raymond

The headline was an arresting one – ‘Investment pros set up new business‘ at page 10 of the Business Guardian of 9th December. It was reported that a new investment house, KSBM, was launched and it seemed that they were profiling.

Given that all four of KSBM’s Executive Directors are ex-CMMB chiefs, there is an inescapable question…“Did CMMB collapse, or did they not?”

Our society’s level of development will be limited by our capacity to reason and learn from that reasoning.  The Code of Silence must be destroyed if we are to progress. Continue reading

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Filed under Barbados, Business & Banking, Consumer Issues, Corruption, Crime & Law, Economy, Ethics, Offshore Investments