Condolence to the family of the late president.

I still I believe in gradual change,not instant change.

If it goes beyond our generation, then so be it,but Cory should still get credit for initiating the change process.

Madami lang masyadong laws na pwede namang iconsolidate at iupdate.But, many may not necessarily mean: enough.

Bank secrecy can be improved by strengthening and implementation of the Anti money laundering something.

Sona na nga pala bukas. last year dito sa blog ni Manolo, I mentioned something about the budget of the ombudsman.

May nakita din akong mga comment mo recently tungkol dito.

OK, that’s all.

re: waiving of bank secrecy.

When that AFP comptroller’s issue came up my father who also happens to be a Garcia sort of suggested to all his colleagues in the AGFO (aasociation for generals and flag officers and PMAAAI (the pma alum org)) to surrender all their bank books to the ombudsman.
Of course, no one bit.

That hyperlink you posted made my day.

In one case mentioned there: The Dumancas case.
Where Dumancas dragged many officers including my dad.
It was about the misuse of marcos money called the “marcelo fund” by Dumancas.(circa 89-93???)

I am nobody’s apologist,but the pending status of the case still bothers me and my family.

As a matter of fact,since the group of my dad lost their lawyer to the congress(a partylist rep) , my dad has to start from scratch to present the facts to the replacement even if it is the son of the lawyer.

Again, I am no apologist for the military.
I agree with Carl that there are not just a few rotten eggs, the title of that tom cruise/jack nicholson movie may be factual, that there are only a few good men around.

Lastly,Cory fouled up by the choice of Abadia as CSAFP and Dumancas as FOIC navy,she fouled up big time.

For now. life goes on,and our advocacy to reform the military through behind the scenes legislation continues. Even that is a drag.
matatapos na naman ang isang term wala pa din gaanong nagyari.
Wala nga yata eh.

Land reform’s Cory’s centerpiece. Yeah, a decor. Just think Mendiola Massacre and Hacienda Luisita. Not that I’m for that counterproductive measure!

- – - – - – - – - – - – - – - – - – - – - – - – - –

There was a move by some sectors within and outside the Aquino administration to urge international creditors to forgive some of the debt undertaken by the Marcos government. Some of this debt was blatantly fraudulent and clearly involved kickbacks. Examples were the Bataan nuclear plant, the behest loans involving the sugar mills put up by Benedicto & Co. and the huge loans taken on by Manda Elizalde for his mining companies that were guaranteed by the government.

There was strong proof that these loans were given in bad faith, and some sectors wanted to pursue this in order to have some of that debt cancelled or mitigated. However, then Central Bank governor Jobo Fernandez adamantly refused to take this tack. Talk of capture theory: Jobo went to a U.S. business school, was trained in U.S. multinational banks and was faithful to his banking roots, much like Goldman Sachs alums would be.

There was never any offer of debt forgiveness. So that part of the story never existed. What existed was an initiative to pursue this avenue of negotiation. But Cory listened to Jobo and that initiative was nipped in the bud.

To my mind, it was a pity. The Philippines never enjoyed so much goodwill from the international community as it did at that time. It could exercise moral suasion to have some our of debt forgiven. And there was a legal basis to do so, with proof of corruption in the giving of those loans.

Other countries, with less goodwill, have successfully undertaken some form of debt forgiveness. Iraq, Argentina, Ecuador are some countries who have succeeded at it.

Which is why I’m happy to have US citizenship. I can get away in the event of a leftist or rightist capture of government. I guess that makes me a hypocrite. But I guess anybody in my position would do the same.

I’m always wary of capture theory-that the trapos a hypothetical dictator would like to get rid of ending up capturing the government. Sort of like how ex-Goldman Sachs employees penetrated the US government which was intent on reforming the likes of Goldman Sachs in the first place.