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Can this be the reason why Senator Imee Marcos’ Debt Moratorium Proposal was Rejected?

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By: Elena Grace Flores


YouTube video by Elena Grace Flores from Bagong Lipunan

Cory Aquino rejected turn over of Marcos Wealth to the Filipinos

Doy Laurel’s Testimony

President Ferdinand E. Marcos gave Doy Laurel a letter addressed to President Corazon Aquino proposing that 90 percent of all his assets worldwide would be given to a foundation in trust for the Filipino people. Unfortunately, Cory ignored Doy.

Marcos to Doy Laurel:
“Please tell Mrs. Aquino to stop sending her relatives. They are proposing so many things, all I want is to die in my country. Tell her to let me come home. I will turn over 90 percent of all my worldly possessions to our people. I will ask only 10 percent for my family. That is much better than her relatives are proposing.”



Practicality or a Service to the Aquinos?

Finance Secretary Carlos Dominguez earlier rejected the suggestion of Marcos’ daughter, Senator Imee Marcos to defer the debt payments first during the crisis for the sake of the people. Dominguez is President Rodrigo Duterte’s childhood friend from Mindanao. He has the trust of the private sector; he made his money in banking, tobacco, and retail, and has spent the last half-century running 20 big firms, including BPI Agricultural Development Bank before his current public position. He’d long proven his ability to manage both up and down, spending three years in the 1980s running two ministries for former president Cory Aquino.

Saving Faces on the Debt Payment

In the video commentary, the conclusion says that the pro-Aquino stalwarts who accused the late President Ferdinand Marcos of ill-gotten wealth have to save their faces. If they use the financial facility installed by Marcos is just like admitting their wrong accusations about him.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

Dominguez – Marcos Debt Moratorium Conflict is Pro-Economy & People’s Welfare Check and Balance

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