KINGSTOWN, St. Vincent, Feb. 11, IWN – The opposition New Democratic Party (NDP) met with the Financial Services Authority last week to discuss the FSA’s involvement in the Building & Loan Association.
“And they gave us some information, which I have listened to; and I am not making any comment on them,” NDP president and Leader of the Opposition, Arnhim Eustace, said at a press conference Monday.
He, however, said Central Kingstown representative, St. Clair Leacock, an NDP vice president, also attended the meeting.
I-Witness News understands that the NDP and the FSA met for three hours and the FSA asked the NDP to clearly state its position on the FSA’s Feb. 1 take-over of the BLA and its on-going management and control of the financial institution.
But the NDP’s position, as expressed by Eustace at the press conference, seemed not to have changed much since last week.
He urged BLA depositors to consider the facts and make their own decision regarding their investments in the 72-year-old building society.