Some VI banks are worse than the mafia – Hon. Christopher
He was at the time debating the Appropriation Act No. 1 of 2011 in the House of Assembly (HOA) on Wednesday, December 21, 2011.
According to Hon. Christopher, in many instances persons wishing to obtain a loan have to go through a tedious process which deters many from following through.
“Most of the lending intuitions in the Virgin Islands, pardon my expression Madam Speaker, is worse than the mafia. Once they get a hold on you, they grab you for life and whatever you do, they after you,” Hon. Christopher remarked.
He stressed to fellow members of the HOA that the methods of how such process is handled by the banks need to be addressed in an expeditious manner, and frankly stated “It is like the banks are setting people up to fail”.
“When the banks should be lending assistance to see and guide people, they find ways to make it more difficult for people, for them to survive,” he pointed out.
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