The US President decides to write the Prime Minister of Trinidad and Tobago a brief, informal letter to discuss a few things. Here are the contents of that fictitious letter:
Greetings Mr. Prime Minister and lets hope we could work together in the spirit of cooperation and all that crap.
Only recently I became aware of who you were but knew about Trinidad and Tobago from my Geography classes and apparently there might even be a Trini in the Whitehouse since Trinis are everywhere, I am told by the CIA.
I am due to officially visit your beautiful country for some Summit thing ah hear yuh having and I hope the security in your country is tight but from what I have been reading it sounds frightening. Seven murders in one night in a country so small? Well, I was going to write “You can’t be serious, Mr. Prime Minister” but my aides said it would be impolite to imply incompetence and stupidity in an official letter to a Head of State. But seriously, “Wuh going orn, man. De country so small and the murder rate out of control. Yuh know wah yuh doing?” However, it was heartening to read your Police Commissioner is more than a little concerned.
I will be coming for one, two or three days by Air Force One and hope you have secure parking for my plane. De way I hear dey thiefing things from foreigners over in Trini ah feel ah go have to put mih own guards to watchman mih plane. Ah hear yuh wanted yuh own plane too buh yuh couldn’t get though. Next time, nah. Boy, you real big, yes.
As you are well aware, I am new to being a Head of State and I met tons of problems caused by a dumb administration when I entered office. I suppose you, being in power for so long, must understand what a dumb administration is. This is a crazy world we live in where the population is getting brighter and have access to Google so pulling wool over people’s eyes by politicians is not as easy as it once was. The world is now so crazy people of democratic countries are now demanding their politicians perform or else they would be voted out. I would like to find out how you became the exception to that rule. Maybe we could discuss this at the Summit thing but I think it’s better to perform than to find wool.
The US and Trinidad have always been allies but I understand your heart and one kidney is with Cuba. I suppose you are a big man and can make big man decisions. I don’t think Cuba is a threat to the region and my good friend Bill spoke highly of Cuban cigars. I just thought I would bring up Cuba since you seem to have a thing for the place.
I heard so much about the natural beauty of The Asa Wright Nature Centre, the Splendor of Carnival, The Wonders of The Pitch Lake, The Height of The Hyatt, The Floods of Port of Spain and The Truth About UDECOTT. Nice place you have there and I have one word of advice for you, if I may be so bold, and that is The Truth doesn’t always set you free. But I suppose you knew that long time.
Anyway, got to go now and stimulate the economy so…
…will chat later
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Could the failure of the Trinidad and Tobago conglomerate CL Financial, the largest financial group in the Caribbean, be the tip of the financial crisis in Trinidad and Tobago and the Caribbean? Is the financial Titanic about to hit? If citizens are asking what the country would be getting for the multibillion dollar Government bailout of CL the answer would be a financial system which has not collapsed. If people are asking why no beefed-up laws were passed to regulate CL Financial when the Central Bank became concerned about their high risk ventures since 2004, the answer would be who knows.
The worst thing a financial institution and system could experience is a run. No financial system could endure a run by its depositors for very long since runs are to banks what silver bullets are to werewolves. Financial systems survive on confidence and the lack of confidence can move from one institution to the next easily like a forest fire in the wind. In the financial world the strong usually pays for the sins of the weak. As ludicrous as it seems right now, the best thing the public could do is be concerned but party. People should leave the financial institutions alone and let the regulators do what has to be done. This is one time where don’t worry be happy might work. The other banks in Trinidad and Tobago are stable and we were told the others never went into those high-risk ventures that CL Financial was prone to undertake. The problem with high-risk financial institutions is that most of the people who invested in them were ignorant to how high risk the ventures were and made the decision to invest based on a glossy brochure an/or an insurance agent – the two least credible sources of the truth.
For Trinidad and Tobago’s and the Caribbean’s sake I hope the valuable assets of CL Financial prove to be valuable. Maybe this is the right time for cash-rich China to step in and acquire a part of Trinidad and Tobago at fire sale prices. Or maybe they will wait for it to burn a little bit more.