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Former city mayor Joe Torralba is practical.
He knew he had just been screwed of his millions. So instead of sulking and crying to the high heavens for the loss, he said he would rather have the 250,000 from PDIC than nothing at all.
Good decision, I say.
He said filing a criminal complaint is not among his priorities right now.
He was referring to the several millions he deposited at PR Bank which is gone, kaput.
So he attended the dialogue with top officials of PDIC last Tuesday at the Bohol Cultural Center.
There were about 500 of them who listened to the explanation of the PDIC officials. All hopeful that very soon, they would receive their 250,000 from PDIC.
But getting the money may not be that easy after all.
Remember, there are a lot of claimants and PDIC does not have enough money to pay for their obligation.

* * *

Reports said the Philippine Deposit Insurance Corp. (PDIC) is planning to borrow from the Bangko Sentral ng Pilipinas (BSP) to finance its future operations, as it ended 2008 with over P70 billion in debt.
According to PDIC president Jose Nograles, PDIC has started negotiations with BSP Governor Amando Tetangco Jr. for another loan worth P14 billion to boost its deposit-insurance fund.
The fund would cover claims of depositors of failed banks. Which includes Joe Torralba and the rest of the Boholano depositors.

* * *

Under the law, up to P250,000 worth of deposit per account is insured with the PDIC.
As far as I know, there are pending bills in Congress seeking to double the deposit insurance to P500,000.
The bad news is that PDIC is in deep s__t.
Records will show that it has incurred huge debts having contracted no less than P72.5 billion in loans by the end of 2008.
Yes, 72.5 billion debts while it has a deposit-insurance fund of only P60.5 billion.
This is the reason why the PDIC has to borrow 14 billion from the Bangko Sentral ng Pilipinas (BSP).
Which means that pending the approval and release of the loan, PDIC cannot yet release the insurance claims of PRB depositors.
A long, long wait is in store for Joe Torralba and company.

* * *

Meanwhile, this random drug testing for secondary and tertiary schools is, to me, a waste of time and intended merely to earn pogi points for the president.
For one, I doubt if this program will be sustained considering the huge budgetary needs of the program.
Drug testing is expensive. And government is broke.
So the first problem is to look for funds.
No problem if government is really serious about the success of the program.
But the way I see it, this is just pabuhi ug dugo for a lame duck president. As in she is still in control. As in she still has power.
The fact is, she is about to end her term. And her successor may not approve of her program and decides to discontinue it.
Aside from this, under the rules of the program, a confirmatory test is required once there is positive result. This is to ensure a definite finding on the subject student.
Which means another huge budgetary requirement.

* * *

There are also built-in problems in the program itself.
Under the rules, the 10 students who will undergo drug testing are chosen at random.
Chances are, those who are regularly using prohibited drugs may not be included in the group.
It would have been different if the inputs of the school officials concerned are sought because they know their students and they have a fairly good idea as to who are “exposed” to drug abuse.
Of course, this is the reason why the Human Rights Commission is raising hell. Because to them, this practice will breach the fundamental rights of the students.
To pacify their ruffled feathers, the random drug testing was resorted to. Which, to my thinking, effectively diffuses the potency of the program.
As an added measure, the government has also labeled this exercise as a “health” issue and the results are confidential and not intended for criminal prosecution.
But nobody’s fooled.
While the program says the results are kept confidential, the students know better. This is good only in papers. In practice, it’s different. Results are leaked and stories are circulated immediately thereafter.
It won’t take long that the students who tested positive would be subjected to tsismis left and right.
And worse, there are times when those who are subjected to tsismis and put in public contempt and ridicule are not aware of the backstabbing.
They are grilled well done without them knowing it. As in, nagmata lang ug morning.

* * *

Lawyers Victor de la Serna and Aleckoy Lim have reportedly accepted the challenge by city mayor Dan Neri Lim for a debate on the Agora issue.
Assuming they will have this debate, what then?
Will this help solve the issue? Remember that the case is already filed in court. There are strict parameters to the discussion because of the sub judice rule.
And besides, what more will they say that they have not yet said before, over print and broadcast media?
I suppose they will just repeat what they have been saying all these times.
For me, serves no better purpose except for that very thrilling face to face encounter between the city mayor and Aleckoy Lim.

* * *

A town mayor has been longing for that time when her husband would be gone so she could freely indulge in some sexual congress with her paramour, a married man.
So what did she do?
She made sure that there was open conflict between her husband and their children. A few words here and there and her children were openly hostile to their father. The fact that the husband was not gainfully employed helped fan the animosity between the father and the children.
But more importantly, there was added insurance that the husband would not dare touch the children or the mayor-wife – there is a pending charge for violence against women and children (VAWC) against the husband.
For all intents and purposes, the husband was legally prevented from raising his voice, or for that matter, his hands against his wife and children.
Not long after, the husband decided to leave the conjugal home, not because he wanted to but because he was forced to do it. There was no other choice. Continue staying and he might be forced to deal with the problem in a very unpleasant manner.
So he’s gone.
Now, the mayor-wife is freely doing what she had been longing to do for a long time now – amorous relations with her paramour anytime at her convenience.
They’re careless sometimes. Every now and then, they do some shopping together. They’re also frequently seen in some public functions, furtive glances thrown at each other as if they could hardly contain their lustful yearning for each other.
Lupig pay mga batan-on!

* * *

Another town mayor has left his wife. He built a house somewhere and lived like husband and wife with his mistress.
But not for long.
Recently, he also asked his mistress to leave the dwelling pronto.
Why?
Because he has a new mistress who is much younger and more delicious than the original mistress.
This time around, he is doing regular conjugal acrobats with a young widow, who herself has to her credit, several big-time conquests involving moneyed businessmen and politicians.
Nag-abot ang mga mahilig!
More when we return, stay tuned for more!

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