Unreasonable request

Published: Saturday | April 11, 2009


The Editor, Sir:

What has been happening in the banking and auto industry in the United States, and the bauxite industry here in Jamaica, seems to reinforce the saying among some people that some companies are too big to fail. This is a myth and far from reality.

In an article in the Financial Gleaner of March 13, Red Stripe's human resource director, Lisa Lewis, took on the governor of the Bank of Jamaica.

The Diageo-owned Red Stripe is criticising the central bank governor for not yielding to calls from the Jamaica Manufacturers' Association to make loans available to them from statutory cash reserves.

In the article, she drew reference to the Bank of Japan going into their foreign reserves to give Toyota credit because Toyota is important to Japan.

Making choices

As a pensioner of Desnoes & Geddes Limited, I am concerned about our pension fund and the over $3 billion in the surplus from which we have been trying to get a reasonable share.

So, why should the Government use taxpayers' money to bail out companies when it cannot find money to provide decent health care for some of us?

I am, etc.,

MAX GAYLE

President,

D & G Pensioners Association

Kingston