Mother of all midnight deals

Philippines
April 30, 2010 7:31pm CST
A lot of people must really think that Noynoy is going to win the elections, including the PCGG. Knowing that their time is almost up, PCGG is engineering a last-ditch attempt to recover the remaining Marcos wealth. Its been 25 years since the Marcos fled. They have gone and come back and re-established themselves in politics. Bongbong is running for the Senate, possibly to duplicate his father's accomplishment. With all that is happening, do you think a deal will push through? Why is PCGG desperate when it was Cory who formed this group? Do you we, as the people, should accept this deal?
4 responses
• Philippines
2 May 10
hello theadvocate! honestly, the presidential commission on good government that we have right now is not the same commission that former pres. cory aquino formed back in the 80s in terms of credibility. for one, some of its commissioners if not all are being linked to corruption themselves. no wonder some sectors are demanding that the commission be replaced with one that is more transparent and credible. after all, we're speaking here of the Filipinos' money.
• Philippines
4 May 10
I have to agree with you. They seem to make this the dumping ground for politicians who have nowhere to go. Remember that commissioner who admitted that he intervened for Winston Garcia to his brother? It has been 25 years and they still have not recovered anything significant. If Bongbong gets a seat in the Senate, disaster.
@Naisan (215)
• Philippines
1 May 10
just a quick question; was there already a stand before on what is going to happen to all those wealth or who does it belong? my opinion would be in a very orderly way--there should still be an audit--anyway it will i think take a lot more time and effort to get back what was lost...and if Noynoy wins...hmmm im really wondering his stand on this one.
• Philippines
4 May 10
If I remember it right, the wealth that will be recovered is suppose to fund the agrarian program. I think they are subject to COA audit, but because it has taken a lot of time to recover them, they have gone under the radar for the most part.
@ybong007 (6659)
• Philippines
1 May 10
PCGG "ano yun?" . If they were not able to do much in recovering all the wealth marcos had accumulated during his reign at the time when Cory was still president how much more now? I don't think Noynoy would have the same conviction as his mother had as far as getting back to those who killed his father. on the other hand, i'm sure the PCGG is doing all it can but we also have to consider that Imelda has access to the best lawyers in world and to think that she still have the connections in the government. We may have change presidents, but a lot of those who are in the senate and congress did work for marcos.
• Philippines
4 May 10
That is true. They have been trying to get the wealth back for 25 years! and what do they have to show for it? Some token properties most of which were surrendered by cronies. I cannot believe that Filipinos have forgotten and if the surveys are right, Bongbong Marcos is going to the Senate. Arrrggggg! so frustrating!
@portisray (503)
• Philippines
1 May 10
What do you mean we should accept 'this' deal? To give back the Marcoses wealth? AHa! It is a BIG NO! They stole our money... For 20 years.... The King and Queen Marcos has a lot of time to hide their wealth... Or our wealth... And now they re-establishing in politics? Oh-Ow... History repeats itself....
• Philippines
2 May 10
I am not sure what the final deal is, but judging from previous deals, they would usually arrive at a compromise, letting the Marcoses retain some and then getting back the rest of the properties. So you would rather we get back every thing they stole which will take time or take some back now?