The Editor, Sir:

I read with amusement your article on the way that Jamaica's local banks have suddenly decided that they should close all accounts with any unregistered entity that is involved in the financial sector.

I encourage you to go back in memory to 1993, and I would also encourage Jamaica's bankers to revisit this time. At the time, some of Jamaica's local banks decided that they were going to close the accounts of people involved in the unregistered financial sector. These local banks called in these people and told them that they no longer wanted their business because they were undesirable.

It happened to us and some of the people that worked with me. I recall that we were called in by Jamaica Citizens Bank and told we were undesirables and that the bank did not want to deal with people like us. The then political leaders of Jamaica were silent. But we 'undesirables' were actually working for the Central Bank as registered sub agents.

I would encourage the people of Jamaica to go back an examine what happened. The bankers and the political powers conspired against these unregistered financial entities. If one looks at the matter through the eyes of wisdom one can see that the Almighty brought justice to bear.

Meltdown

The banks that conspired and acted against these people where are they? What happened to them? What happened to Jamaica's financial sector?

There was a meltdown, a complete meltdown. God Almighty came out and fought for me and those people who had been conspired against. To this day the curse of debt continues to compound on the shoulders of the Jamaican Government.

Go back and remember you bankers, remember that the Government bailed you out to the tune of billions of dollars. You failed to run your business properly and you were not made to pay the price, you were bailed out. The whole banking sector was bailed out. Be wise you new political leaders and ensure that those people that you have licensed to transact banking business do it in a fair and just manner. And remember that just a few years ago the past political leaders had to bail out the whole financial sector to the tune of billions and billions of dollars.

Now you bankers have become high and mighty and you have set out to destroy all the unregistered financial businesses. Be warned, you bankers, "He that sitteth in the Heavens shall laugh: the Lord shall have you in derision. Then shall He speak unto you in His wrath, and vex you in His sore displeasure."

I am, etc.,

JOHN DAVID WILDISH

wildish@express.tc

Sailfish Lane, Providenciales

Turks and Caicos

Via Go-Jamaica