Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Letters
February 6, 2010

Finsac truths need to be revealed

Dear Editor,

In Jamaica, corruption at all levels in the society has become a way of life and this is manifested in many ways.

A few years ago a known homosexual was brutally murdered at his place of residence and it was said that one of the perverted things that he liked to do was to take pictures of the many people who attended parties that he frequently held for his associates of similar persuasion.

To this day you will hear the names of people who are reputed to have been caught on tape in very uncompromising positions – some of the names represent the ‘who is who’ in the country. While there has been a strong lobby for these tapes to be made public so that innocent names are not dragged into the dirt, nothing has been forthcoming.

A similar situation is now being played out at the Finsac enquiry.

A list of people who were “finsac’d” has been around for some time but as usual, nobody has ever seen the list yet everybody knows who is on this list.

Well, it has now been revealed that many people were given write-offs on enormous sums accrued on loans as high as $300 million, which was settled for $4 million, and as is the norm in Jamaica various names are being bandied about as to who these people are.

I am using this medium to call on the chairman of the inquiry, Justice Boyd Carey, to have published in the newspapers the names of all persons who were” finsac’d” so that the speculation about who was given write-offs and those, like Mrs Gray, who got nothing and still owes $85 million after repaying $52 million, be ended.

It is now very clear for all to see why there has been such a strong lobby to prevent this very important enquiry from taking place.

Ken Spencer

PO Box 537

Kingston 8

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Morris Dixon visits child injured in St Elizabeth boulder incident
Latest News, News
Morris Dixon visits child injured in St Elizabeth boulder incident
September 12, 2026
KINGSTON, Jamaica – Minister of Education, Skills, Youth and Information, Senator Dr Dana Morris Dixon, visited one of the children injured in Friday’...
{"jamaica-observer":"Jamaica Observer"}
JTA President’s grooming statement ‘out of touch’ — FWCF
Latest News, News
JTA President’s grooming statement ‘out of touch’ — FWCF
September 12, 2026
KINGSTON, Jamaica — The Fi We Children Foundation (FWCF) says it is concerned by recent comments from Jamaica Teachers’ Association (JTA) President La...
{"jamaica-observer":"Jamaica Observer"}
Gov’t failure is not proof that NaRRA was necessary, PNPYO slams G2K
Latest News, News
Gov’t failure is not proof that NaRRA was necessary, PNPYO slams G2K
September 12, 2026
KINGSTON, Jamaica —  The People’s National Party Youth Organisation (PNPYO) is dismissing what it says is Generation 2000's (G2K) attempt to use the p...
{"jamaica-observer":"Jamaica Observer"}
Person of interest in artiste’s shooting held by police
Latest News, News
Person of interest in artiste’s shooting held by police
September 12, 2026
ST ANDREW, Jamaica — A person of interest who was being sought for the shooting of a recording artiste was arrested by the police in St Andrew on Frid...
{"jamaica-observer":"Jamaica Observer"}
Shabba Ranks files lawsuit against publishing arm of Greensleeves Records
Entertainment, Latest News
Shabba Ranks files lawsuit against publishing arm of Greensleeves Records
BY KEVIN JACKSON Observer Writer 
September 12, 2026
Iconic dancehall trailblazer and deejay, Shabba Ranks, has filed a lawsuit against the publishing arm of Greensleeves Records, in a move to reclaim th...
{"jamaica-observer":"Jamaica Observer", "olympics-section":"Olympics section"}
Seville beaten in Ultimate 100m final
Latest News, Sports
Seville beaten in Ultimate 100m final
September 12, 2026
KINGSTON, Jamaica — Oblique Seville just failed to add the World Athletics Ultimate Championships title to his World Championships and Diamond League ...
{"jamaica-observer":"Jamaica Observer"}
Chelsea boss yearns for ‘boring game’ after Hull draw
Latest News, Sports
Chelsea boss yearns for ‘boring game’ after Hull draw
September 12, 2026
LONDON, United Kingdom (AFP) — Xabi Alonso admitted he would love Chelsea to give him a "boring game" after their defensive woes allowed Hull to escap...
{"jamaica-observer":"Jamaica Observer"}
Jamaica well represented in Ultimate 100m finals
Latest News, Sports
Jamaica well represented in Ultimate 100m finals
September 12, 2026
KINGSTON, Jamaica — Jamaica will be well represented in the men’s and women’s 100m finals on Saturday’s second day of the inaugural Ultimate Champions...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct