This does not bode well at all - Deloitte & Touche were the Bank's former auditors, for years, before Ernst & Young and are too familiar with executive management. Nothing will come of this!

I am shocked. the Government has money to place into a black hole?

It is not "Government" but us, the taxpayers, who are burdened with this black hole. Do you honestly think that parliamentarians and their cronies will pay back their loans ?

Comrades remember when Hubert regime retained Comrade Bran's law Firm collect millions dollars outstanding? Go ask Bran and Marsh Harbour's Edison, exactly how many dollars were ever collected? The law Firm were clearly instructed, OK here's da deal. You can write all liters you want asking for repayments monies owing to red government - but you are NOT authorized sue anyone, unless we the government gives you green light.

http://vimeo.com/30826946

Ray Winder (Deloitte & Touche), Jame Smith and the other Board members of Bahamas Resolve have only one mandate: TO COVER UP THE FUNDS STOLEN BY 13 POLITICALLY CONNECTED BORROWERS BY WAY OF FRAUDULENT LENDING PRACTICES AT BANK OF THE BAHAMAS! Sadly, Christie himself, as Minister of Finance, had a hand in blessing certain of the "loans" made by BOB to the 13 politically connected borrowers, which "loans" were never intended to be repaid from the get go. WINDER AND SMITH ARE TYPICAL CONFLICTED TRUSTED PUPPETS OF CHRISTIE WHO WILL NO DOUBT EACH BE PAID HANDSOMELY FROM THE PUBLIC PURSE (OUR MONEY!) FOR KEEPING US (THE BAHAMIAN PEOPLE) IN THE DARK!!!!

As previously reported in the Tribune, Wendy Craigg (Governor of The Central Bank) is essentially on record in correspondence exchanged with Bank of The Bahamas (BOB) of accusing BOB's managing director (Paul McWeeney) and Chairman (Richard Demeritte), and others, of having engaged in fraudulent financial reporting to all of BOB's stakeholders and regulators, not to mention their grave misconduct in failing to adhere to well established banking norms and known requirements imposed by The Central Bank as BOB's primary regulator. Yet, the Bank Supervision Department of The Central Bank and Wendy Craigg have thus far failed to declare McWeeney and Demeritte to be persons unfit to serve as a director of any financial institution. One can only imagine the message this sends to other bankers in our financial services sector who may be contemplating "crossing the line" and causing material financial harm to their customers and other stakeholders, not to mention harm to the reputation of the Bahamas as an offshore financial centre. Wendy Craigg acted nearly 3 years too late in the case of BOB and continues to fail in the timely discharge of her duties by allowing both McWeeney and Demeritte to remain at BOB. Wendy Craigg needs to think much more about her statutory duties and personal legacy and much less about what Christie may want or desire!

At least we got roads when the PLP was screaming that the job went a 100 million over ,what did we get for this 100 million ,not sh@t .On top of that James Smith and others will get nice pay checks to fumble around at the scene of the crime ..

Why don't we just hire a private company to run the Nation? They can't rip us off more than the people we elect! They will probably be more fiscally prudent. We could link their pay to their PERFORMANCE.

Perry is making Hubert Ingraham look like a genius as every day goes by ................... LOL

As per notice to shareholders in newspapers last week $1.1 million taken from the Treasury to pay dividends to preference shareholders of BOB with no obligation to repay. You cannot make this stuff up.