The document discusses the collapse of CL Financial in 2008-2009 and the response by government officials. It notes that Michael Carballo stated in November 2008 that CL Financial was not exposed to any particular industry, despite having $100 billion in assets. However, the Central Bank met with CIB officials on January 15, 2009 about liquidity problems, and the Inspector of Financial Institutions affidavit in April 2010 said CIB was not maintaining proper financial standards. The document questions what government officials knew about the problems at CL Financial and its subsidiaries like CIB, and when.

1. The CL Financial bailout Submission by Afra Raymond B.Sc., FRICS to the Colman Commission of Enquiry into the failure of CL Financial et al and Hindu Credit Union www.afraraymond.com Wednesday 9 th November 2011

2. Republic Bank Ltd's 15 th July 1996 Letter to Shareholder's explaining why they should REJECT CLICO's ATTEMPT TO TAKE CONTROL OF YOUR BANK

3. THE NATURE OF BANKS AND WHY THEY MUST BE REGULATED

4. The Bailout Timeline