Letters to the Editor

Seems Shaw has no authority with banks

Monday, September 18, 2017

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Dear Editor,

Is the minister of finance just talking for talk sake to keep himself in the loop?

It seems he speaks with no authority, at least not in relation to banking institutions. They pay him no mind and carry on with business as usual as nothing changes.

The banks maintain their double-digit interest rates despite the minister's plea that they come down.

While I am of the opinion that he is a credible finance minister, I would suggest that Government appoints Fitz Jackson from the People's National Party as the minister of finance. I am of the opinion that he would do a better job than Audley Shaw with the banks.

If Shaw, as minister, and the governor of the Bank of Jamaica cannot regulate the banks then they need to vacate their positions for someone else that can help the consuming public.

All that is happening is that the banks are wallowing in their mega profits while consumers suffer.

Concerned Jamaican

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