The attack dogs of Vice President Jejomar Binay are so desperate to discredit former Makati Vice Mayor Ernesto Mercado, so that they do not realize that when they point the accusing finger at him, the remaining three are pointed at their master.
Sen. Bongbong Marcos had an artful answer when asked about the Presidential Commission on Good Government’s recovery of the remaining $29 million (about P1.3 billion) of the multimillion-dollar Swiss bank deposits stashed away by his father, the late dictator Ferdinand Marcos.
By Conrado de Quiros
The government has been at pains to defend Andres Bautista’s proposal to scrap the Presidential Commission on Good Government, and for good reason. Bautista, head of the PCGG, made his proposal known on New Year’s Day. The hunt for the Marcoses’ ill-gotten wealth, he said, would now go to the justice department.
ALL ADMINISTRATIONS since Cory Aquino, unlike those in other countries, did not have a strong resolve and missed the historic chance to clean up the mess of autocracy and kleptocracy. Letting the Marcoses get away with plunder and corruption and other political-economic transgressions against the Filipino people would be a monumental error that would reverse the gains of People Power and destroy what little faith we have left in this democracy. It is a virtual indictment of our supposed democracy that our institutions, with all their vast powers, have to bow down to and crumble before private, self-aggrandizing interests of the remorseless greedy who wield immense wealth and influence.
Twenty-six years after Edsa I, the fabled treasure hoard of the late Ferdinand Marcos continues to dazzle and intrigue. During his 20 years in power, the strongman and his wife Imelda, as well as a number of their cronies, were believed to have moved billions of dollars of public funds to bank accounts and investments in Switzerland, the United States and other countries. So much wealth was taken from the country that no precise amount of the loot has been given to this day. And very little has been recovered so far.