Late on Wednesday, FT Alphaville received our first-ever press release in audio form - a clip of Everette Christan, a representative of the Antigua and Barbuda Bankers Association, reading a statement on the curious matter of Sir Allen Stanford and the scandal’s potential impact on the Bank of Antigua, which was suffering from a spot of depositors’ remorse.
The silence from the Antiguan financial community as the day’s events unfolded had been deafening, so this was a welcome intervention.
Until we listened to the clip, which clocks in at 2 minutes 21 seconds. Mr Christian made relatively soothing noises about the strength of Bank of Antigua and a possible contingency plan to assist the Bank “in the event the need arises.”
And then we got to the bit starting at 1:54 -
We take comfort in the fact that the banking sector continues to be highly regulated by the Eastern Caribbean Central Bank with no notable success over the years.
Er, was that a stammer, or an unfortunate Freudian slip?
You decide.
Article Series - The Stanford Series
- The fractal Stanford
- As Stanford allegations fly, the SEC investigates...
- Sir Allen's Antigua, or the curious case of Stanford International Bank
- US MARSHALS SEEN ENTERING HOUSTON OFFICE OF STANFORD FINANCIAL GROUP - REUTERS EYEWITNESS
- ROBERT STANFORD ACCUSED OF `MASSIVE FRAUD' BY SEC
- Arise, Sir Allen...lest we assume the worst
- The full SEC complaint against Stanford
- Stanford scandal in pictures
- It's just not cricket
- Have you seen this bank?
- Where in the world is Sir Allen?
- What does the 'F' stand for in FINRA?
- Stanford's mysterious billions
- Stanford's AIM foray
- A Freudian slip?
- Sir Allen Stanford, you've been served
- But which passport will he surrender?
- SIB and Stanford Trust Company Limited put into receivership
- Eastern Caribbean Central Bank "takes control" of the Bank of Antigua
- The Stanford campaign donations: pay 'em back, not forward
- Clients of Allen, by the numbers
- This land is our land, Antigua government to say
- Antigua government moves closer to seizing Stanford properties
- From "investment fraud" to "massive Ponzi scheme"
- New details on alleged "massive Ponzi scheme"
- Stanford's US employees join the jobless queue
- Irony du jour
- Invested with Sir Allen? The FBI wants you (to contact them)
- Stanford pleading the fifth
- IRS says Sir Allen owes $200m in back taxes
- Ralph Janvey to Stanford employees: BYOB
- Laura Pendergest-Holt agrees to extend indictment deadline
- Vantis reports "significant shortfall of assets" at Stanford International Bank
- Sir Allen speaks
- Stanford victims unite!
- Antiguan financial services providers launch PR offensive
- The SEC has strong words for Sir Allen Stanford
- Frozen-out Stanford investors petition Congress
- When it came to Sir Allen Stanford, many warnings went unheeded
- Sir Allen's cowboy lawyer
- Authorities still failing to get along
- Laura Pendergest-Holt to face more charges, Fox Business says
- The DEA connection
- Avast, ye salty Stanford lawfirm website
- Judge rules Sir Allen Stanford must stay in jail pending trial
- Stanford CFO James Davis "intends to plead guilty", laywer says
- Sir Allen's request to unfreeze funds for legal fees denied
- The Tripoli-St John's Nexus
- "Fraud victims" want $24bn from the government of Antigua and Barbuda
- Sir Allen discovers there's no air conditioning in jail
- James Davis pleads guilty to charges related to that $7bn Ponzi
- Big Brother's blood oaths
- "The investors ought not have to pay for the receiver's PR firm"
- Sir Allen's Bellagio problem
- Stanford's Bellagio debt, redux
- A public defender rides to Sir Allen's rescue
- Allen Stanford, puppetmaster: By Freddie Flintoff
- Jail proving a big headache for Sir Allen [UPDATED]
- Arise Allen Stanford, un-knighted...
This entry was posted by Stacy-Marie Ishmael on Thursday, February 19th, 2009 at 15:02 and is filed under Capital markets.
Tagged with bank of antigua, SIB.