Jordan is a fool. Nothing wrong with loans. The problem is that the incompetent PNC would just squander them like they did the last time.
I think he is being pragmatic and prudent. This is why they rejected the Chinese bridge proposal. The Chinese see oil money. Two years ago they did not accept Exxon’s offer to build a pipeline and deliver gas free to Guyana. They don’t want to compromise negotiations regarding gas.
The PNC trying to avoid missteps.