Wednesday, February 29, 2012

So, lawmakers want to amend FCDA? Plunderer's answer: Hey stupid, We Find Ways!


Here we go again. Politicians and mainstream think tanks are batting to pass amendment of RA 6426 or the Foreign Currency Deposit Act. Technically they want to kill it.

The lawmakers and their avid supporters blame FCDA for the headache the prosecution gets on its failure to open Corona's dollar account for scrutiny. The culprit they say is that FCDA provides absolute confidential nature to any foreign currency account against any disclosure not approved by the account holder. Thus they feel incapacitated on their campaign against government corruptions.

These "thinking" people contend that once they revoke FCDA, they are one step closer at solving government corruption. By some common sense, they foresee that the current Corona dilemma could be avoided. Corruption could then be solved. Hurraaah! Excellent idea? No. Not even close. It doesn't show  anything logical.