Trinidad and Tobago's First Citizens Bank is set to launch its IPO and although everyone is lining up to purchase its shares I personally would be very weary as an investor to be unequally yoked to the government. Simply because; the state and the private sector's motives are diametrically opposed.
The private investor on one hand has a genuine profit motive whereas politicians and bureaucrats are interested in expanding their control and their respective budgets at the expense of efficiency and profitability. This is not a marriage that will end well for at least one of the parties.
You cannot expect to get into bed with the government and not expect to pick up the government's diseases. The symptoms of these diseases which are already well entrenched in FCB's culture include inefficiency, corruption, nepotism , poor service and mismanagement. These symptoms do not auger well for profitability and stability in the long run.
Although investors may feel frustrated by the limited investment vehicles available in T&T, they should not settle for the tallest midget in the room but rather opt for a totally different sphere in their quest for investment options.