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Friday, August 01 2014 @ 05:49 AM EDT

Today In The National Assembly - fap fap fap

Money Matters The National Assembly began the third reading of the Bill to create the "Fondo de Ahorro de Panamá" (FAP) (Savings Fund of Panama). The Minister of Economy and Finance, Frank De Lima, said shortly before leaving the parliamentary chamber that Fitch has maintained Panama's risk rating at the investment grade of BB+, indicating the management of public finances has sustainability. Minister De Lima said in the coming days Standard & Poor's will also issue its assessment of Panama. However, for the opposition PRD Deputy Juan Carlos Arosemena, the evaluations of these two risk rating companies is no guarantee, remembering they had also approved investment grades for Spain, Greece and Italy and these countries have fallen into bankruptcy. The FAP project could be approved today, because the ruling party (CD) as a majority in the Assembly. Once this project is approved it will be sanctioned by the Executive, and the Members of the Board of Directives of the FAP will be appointed. (TVN)

Editor's Comment: Err, in Spanish this new fund is called the "Fondo de Ahorro de Panamá" (FAP). Do you think they know "FAP" is Internet slang for the sound one makes when masturbating? Really - look it up if you don't believe me. The fap mime even has several Facebook pages. fap fap fap...

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