And now the conspiracy theory on Stanford: It is all a US plot against Antigua banking

February 24, 2009

Former Antigua Prime Minister Lester Bird now brings up the US conspiracy theory on the Stanford International Bank story:

“However, the former prime minister contended that the charges against Sir Allen and his Stanford companies were part of a US plot to break Antigua and Barbuda’s offshore financial services sector.

“All these people do not want us to have offshore financial services and Stanford has done such an exponential job in developing money… and these guys decide that he’s giving too much profit,” Bird said.”

The best part is that he even attempts to suggest that supervision may have been lax since he left power in 2004, despite the SEC allegations that Stanford’s investment results were funny since at last 1995-1996. He also says “other banks” are paying even higher interest rates than SIB.

Oh baby!

One Response to “And now the conspiracy theory on Stanford: It is all a US plot against Antigua banking”

  1. Gringo Says:

    “has done such an exponential job in developing money..”

    Now THAT is what one calls a money quote!


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