Welcome to the real world, where loose lips sink ships, big talk don't hurt your mouth and ill-conceived actions and words have consequences. Duplicity and talking from two sides of your mouth may work during a campaign, but it does not solve problems and it is only sustainable when one is an arm-chair general. In the real world problems do not solve themselves, they require one to make tough and very often unpopular decisions. Good luck, we will need it.

Come on Tribune. The PLP having been in office a mere week and already they're already being blamed for the previous five years of Humbert's monetary blunders? I guess you know what I and other readers suspect of your speaking on condition of anonymity sources. I'd tell you but such language should not be used here.

peep out your window small russell ,i think HAI is hiding in the bushes going hee hee hee hee .....hows that pavlos dog syndrome affecting your sleeping habits ,do you hear Ingrahams name in your sleep and wake up in a cold sweat ,,my goodness it too easy lol MOODYS MOODYS MY GOOD MAN /WOMEN THE TRIBUNE JUST REPORTED IT ,,hee hee hee hee

The PLP campaigned on this issue. This was promised to the people. One would think that the finance team reviewed this idea before it was proposed to the people. It appears that the people were told what they wanted to hear. Very unfair!

They don't have to review anything before bringing it to the people. TAL's natives and kind just soak up everything PLP's tell them. EVERYTHING is the gospel truth. There's no thinking for themselves.

Hey, stupid, Its was part of the PLP platform. Dont you get it, they dont understand economics; they dont get that in making fiscally irresponsible decisions no matter how lofty is sounds, no matter their intentions, it will cause severe damage to our country's economy. The good news is the rude awakening of prudency and the wisdom of the tough, bold leadership without appeasement will hit home soon enough. Meanwhile, I will promise not to say, I Told You So

thank goodness the PLP rarely delivers on there campaign promises ..don,t worry they only give creedance to Moodys or Standard and Poors when it benefits them for political reasons ,,This next chorus we wiil probably hear is ,these foriegners no nothing and it is our duty to take care of our people ,read supporters, and saddle our great great grans with more debt .. did anyone think if the gov ,promises to pay your mortgage more people will default ..hey more money to spend on numbers and sweathearting ,,i would lmao if it wasn,t so easy to dupe 75,000 people

Why didn't The Tribune and Moody’s, along with your Executive Bankers who could have gone off the record to speak on conditions of anonymity when Hubert just a week ago was flying all over the damn place with his long laundry list of promises and projects that he, Moody’s, and your Banker Executives knew darn well our economically deprived Bahamaland just couldn’t afford. My position remains that PM Christie and all future governments should get the hell out of both the mortgage and Housing business. It’s not the plan that doesn’t work, it the whole idea that government should be involved in anything other than National Security to protect our borders and natives and to create a free and fair private market. No PLP administration, Pindling’s or PM Christie’s, has ever brought our Bahamaland closer to a socialist state than Hubert’s FNM regime came closerto doing.

iwas trying to do some work when it finally hit me ,,talrussell your really a very shrewd FNM that blogs like this to make PLP bloggers seem dumb ..with all do respect to intelligent PLP,s ..come on the cats out of the bag ...got the socialist state thing wrong though ,opening the airwaves is anti dictator ,,,,good little FNM talrussell your making PLP bloggers look incredibly stupid

Both a littler dumber and smarter that you care to acknowledge. Read what I said and have said for a long time that I do not think the FNM nor the PLP should be in the mortgage or housing business.The point that misses whatever you've got upstairs is that long before PM Christie and Brave Davis hit the 2102 General Elections campaign, there were internal reports of serious concerns over the growing number of mortgage defaults going in the 60-90 days default column of the ledger. PM Christie has all the memo's now and he better learn how to use them against Hubert, cause he ain't going nowhere in July, for good.

heee hee heee hee ,hes in the bushes behind your house ..the mortgages being talked about here are private sector mortgages not the ministry of houseing ,,pretty girls watch PGC wife is going back to Atlanta soon and PGC will be on the loose

You dont even get when you're being satirized. Pathetically, impish being

Let it be known that Moody's wasn't the first to forecast the problems with this type of policy. CFAL wrote 2 particular blogs on this issue...if you care to read:

http://www.cfal.com/index.php/cfal-blog…
I don't understand how ANY sensible person could honestly believe the Government needs to take responsibility for something that in most cases very irresponsible persons got themselves into. Furthermore, how could the government facilitate this kind of thinking by bringing forth such policies. Do we now see understand the root of our "entitlement" problem... It befuddles me that other financial institutions didn't come forth sooner. Perhaps fear of Government backlash was too great! It's a shame!!

Ahhh...Leslie Miller was right all along...the Bahamian people truly are stupid, they believe whatever is put before them and whoever yells the loudest.

PLP says they will kick out JCCC Road Contractors...now...maybe not...

PLP says they will pay off everyones mortgages...now the international rating agencies say we'll be downgraded...so then again...maybe not...

PLP says it is working to employ the Bahamian people...yet it cancels the work placement program run by the Ministry of Finance...

You reap what you sow people...welcome to the organized crime wave of the PLP politics, trying to dig the Bahamian sink hole even deeper...

Oh wait!! One more thing...let's decrease all the crime legislation so we can let all our criminals go free that are crying that they did the crime, but did not want to do the time.

Way to go!! 10 days into power and the country is about to implode.

Woohoo!!

B.I.D...

Let's pray that the US financial experts have seriously miscalculated their figures for all of our sakes!! What is more frightening to me however, is the fact that a leopard doesn't change its stripes!! Hopefully the PLP regime is a completely different animal!!

We are a developing country--i.e. not sufficient in most industries, but in gross economic terms, our population is too small to have a sufficiently diversified work-force to meet all of our needs. And because we have too small a work-force, we have too few farmers to grow enough food to be self-sustaining. Therefore, we have to import our food from outside of the country. Since we spend monies to buy food, that means we have less money to maintain, develop and invest in our country. Remember, we have a small work-force which means, there isnt enough persons working to collect revenues (taxes) from. So, in order for the govt to meet all of its demands for good governance: building roads, schools. buy medicines, subsidizing utilities, etc, it needs another means in which to get money. One such way is by selling securities: government bonds. (Another is by foreign direct investment.) G-bonds attract investment in the country (foreign and/or domestic). But the country must demonstrate its ability to pay the amount promised on those said bond. Factors that affect the country credit-worthiness are, default history, inflation and government stability among others. The country is then given a credit rating which, if favorable, attract foreign investments. WITHOUT this kind of investment, WE wont be able to buy medicine, build schools, pay doctors, teachers, magistrates. WITHOUT this investment, we wont be able to have enough moneys to import ANY of the 85% of items that we do. So, A NEGATIVE CREDIT RATING is very, very BAD and signals to the would-be investor to stay away, stay far away from our shores.Let us pray, the PLP really think long and hard before they do anything to adversely impact our economy

Well They say, majority rule (sadly it is the majority of people the Great Leslie Miller say are stupid)
PLP All they way!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Again this is what we want. Well said BID.
PS.
Rt hn oil man Christie, and deputy "90" Davis, and set the captives free Minister of insecurity, BJ please lock up the staff at Pinders and Kellys. Dey ain want me buy no plywood to post your daily murder for our visitors to see .............Suck teeth!!!!!!!!!!!!11

funny stuff

I am appalled at all of you who think some how with out some kind of government assistance our troubled mortgage industry is going to work itself out. The record arrears and defaults that are sitting on most of the banks books waiting for a miraculous turn around in the economy for people to pay start paying double on their mortgages than originally agreed in fees and penalties isn't coming anytime soon. This is the new economic reality for the next 2-5 years or longer and all western financial institutions who refused to deal with it since 2008 are still in peril. Yes they can continue to book toxic assets or overvalued homes as assets, and collude with the real estate industry to artificially prop up prices in The Bahamas or they can work with the government on some program. Maybe not this one, but some relief program for the over taxed borrowers has to be implemented eventually. For if not we are dooming a large segment of our society to permanent underclass and hopelessness, because there is no such thing as filing for personal bankruptcy in the Bahamas. If you think having a permanent underclass is just ok with you, then I suggest you invest in guns, guard dogs and a bullet proof vest my friends.

already got the dogs ,working on the vest and a legal gun

I don't think people are thinking consumers can get out of this crisis solely by themselves. A plan that says the government will pay your mortgage is only giving me an incentive to discontinue paying my mortgage even if I didn't default on mortgage payments. It's a poor plan and its execution isn't feasible. Government assistance is most definitely necessary, but not in the form of a handout. This is somewhat similar to extending unemployment payouts. The longer you extend it, the more incentive I have to stay home and not look for a job. I hope one of Mr. Christie advisers (hopefully an economist) will have the guts to tell him this plan is absolute garbage for everyone involved and they need to go back to the drawing board!

I read a comment that said the tribune is blaming the last five years on the PLP, I take it this person only went with the hipe of what was going on during the campagnes because if they really listen and reseached all the promises this country would not be in the position they are in because we as bahamian do things of emotions and not logic we have a long five years ahead of us the tribune blamed nothing on the PLP they only stated what was said about the Bahamas.

To put it in the most simple terms:

We cannot have our cake and eat it too!

We cannot maintain BIG government and be fiscally responsible. It's just not feasible. The government has its hands in everything most of which it has no track record of success in managing effectively but political parties want to remain positioned to speak to every whim and fancy of the public so government responds by holding on to industries it shouldn't or rather holding them hostage!

Let me start by saying as an entrepreneur I know first hand BIG GOVERNMENT can become over bearing and gunk up the works if left unchecked, but I hear a lot of nonsensical Fox News drivel about Big Government being spewed on this website all the time. Let's get over the fantasy that big government is all bad; for in the US there isn't one industry besides porn that doesn’t feed at the trough of Big Government or in fact any large company that haven’t made billions from Big Government existence. For even McDonalds gets billions in subsidies to grow cheap wheat for buns and beef for hamburgers, Anhieser Busch does too, hell even Hershey Chocolate made it's first big money in WWII selling chocolate by the ton to the US Army. Everybody from Oracle, Google to Microsoft all count the US Government as their biggest customer. The internet created by US military research, the postal service and highway system allowed everybody from Sears to Amazon to even exist in the catalog and now online sales business. Don’t get me started how these companies enjoy the might of the US military to settle their business disputes: ask Mexico how a few disgruntle farmers in their Great State of Texas or Liberia about Goodyear and Hershey getting the cavalry to come running when they whistled. It’s only when the government on behalf of the citizenry wants to regulate or question the super wealthy or these behemoth companies do they cry Big Government, but when they need tax loop holes, subsidies, grants and free research they’re glad to take it no questions ask. Without Big Government the US today would be half it’s size with dirt roads connecting states and a semi-illiterate farm population, but I guess that’s what conservative Bible thumping homesteaders want them to go back to/ Bahamians think for yourselves these simplistic thinking Americans say they want to reduce government and it’s services, because the nation is browning and it’s a “I don’t want my money to go them” mentality. Let the immigrants and new births have been majority from Europe or of European descent they’d be happy to give them status, a job and share in the wealth of the country.

Intelligent post.

I have tried to remain fairly quiet since Decision 2012 and it has allowed me to watch in total amusement how the nine Hubert puppets returned as Queen Liz's official opposition in the House have come out of the closet to voice their opinions and concerns and to persuade others that Decision 2012 was just one big vote buying mistake. These are the same FNM' s that Hubert would even allow to put up an campaign poster with their face on it.

Hubert say dis, Hubert say dat, Hubert say da next ting. Hubert, Hubert, Hubert, Hubert. Tal Russell, it still ain too late for you to get that life I advised you about ya know.

naw its too late ,medication may help but thats even a stretch,really though it wouldn,t be as fun without talrussell ..comrades i,m not making this up ,,sounds like my sis when she used to try to trick me into things ,,come on i,m not making this up

What on earth does that have to do with the article above?

psssst hee hee heee heee , hes der in da bushes ,hear im hee hee heee hee

Tal Russel I have a challenge...without using the word Hubert, Ingraham, or FNM give a reason why you support the PLP

good one

Like many natives I too have reluctance when it comes to the PLP. The other side was I had to flip a coin to make up my mind if I would trust PM Christie with the future of our Bahamaland and the answer was yes, with a watchful eye. Let’s see wait and see what his first 100 days back in office results in. There will be no instant fixes to the crime epidemic. We have borrowed beyond sound financial management and tough “leave the damn politics out of it” decisions will be required. Does PM really mean to put the natives first? Did he read the riot act to certain ministers he reappointed? I have never believed in government acting as the Bahamaland’s employment or social assistance agency. Make cabinet meetings as open to the public as our national security can permit, and to hold cabinet meetings via video conferencing to the Family Islands. We’ll talk again after the 100 days is up. You can be assured I will not pull back when some serious frankness is required.

that sir.mam is an intelligent comment

Very well said

Mr. Russell, no mention of HAI, no natives, this is truely a breakthrough. There is hope after all

its is a breakthrough ,an intelligent ,well written comment with no mention of HAI

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http://tribune242.com/users/photos/2012…