Jack's "bail out" plan for HCU.

I think it is only a fitting reflection of some very confusing times that we should now see the HCU fiasco being a political issue. Apart from the complete naive, any slightly discerning person can spot the differences between a major conglomerate facing cash flow problems- albeit stemming from serious timing risks taken – and a series of limited liability companies made to look like a Credit Union, whose deposits are gouged out and placed into private accounts, with some being left to hemorrage in these companies to create the appearance of a highly successful “group”. The UNC were silent through the painful losses of HCU’s members and depositors, who suffer further pain through the hare-brained attempts by its former leadership to get even more dollars to stoke their egos. There will be little left after the liquidator is done and Mr. Warner’s $300 million old talk will be just that. The HCU is no CL Financial and Warner and Harinarine are not likely to be the saviours of the HCU investors. Their best hope is that, somewhere along, the assets of the many handed company will be traced and restored to its rightful owners. Perhaps Warner’s $1 million can be spent in getting to the assets of the investors. My guess is that it will require a few flights out of Trinidad to do that.