Some eyebrows were raised earlier this week when the Social Security Board put out a public notice for a proposed 20 million dollar loan to the DFC.
For those who remember the early 2000's - when Social Security Money got all tied up in a seriously shady mortgage securitization scheme - involving the DFC, it brings back the worst kind of memories.
Today in Belmopan we spoke to the CEO of Social Security, who answered the tough questions about this proposed loan - which the board has already approved:
Social Security says that - as a security measure - all disbursement of loan proceeds will have to be properly collateralized:
As you heard, Members of the public have two weeks after the date of first notice to write in with any objection they may have.
