It's scary that probably 50% of cabinet probably had no idea what chapter 11 was before this Bahamar episode. I mean look at Alfred gray who didn't know it was illegal to call up a judge and ask him to reverse the decision on a closed court case.

These men are in charge of passing laws that affect all of our futures and they're as dumb and dim as door nails.

Hmmm..is this release appropriate? Justice Winder indicated he was awaiting the outcome of the deliberations to make his decision. **Has the PM (with this statement) told the judge what HE wants to see happen**? No Alfred Gray phone call needed?

"*I am advised that both Eximbank and China Construction Company demonstrated flexibility in meeting Baha Mar’s expanded funding requirements, and project completion date. This notwithstanding, Baha Mar still wanted an extended period for further negotiations which, however, was not acceptable.*"

The devil promised Jesus the world if he would **ONLY** bow down to him. Antonio grants Shylock a pound of flesh for an unpaid loan, **but** (Shylock finds out later) he cannot take one drop of blood in the process. The most generous offer saddled with onerous conditions means nothing. This is the SCARIEST I have ever seen the government act. Everything is too pat. I'm convinced this path was set out before Izmiralian filed anything, in fact I'm almost certain it's the reason Izmirilian filed, fouling their plans.

yes, this is Alfred Gray all over again. of course.

He evens cites case law..can you imagine? Alfred Gray and PAC, only this time it's an unsolicited but signed opinion.

**................................. Always Remember The Lyford Cay Mantra ................................**

"Pirates are just misunderstood entrepreneurs"....... Michael Dingman

**.... Strong Dose Of Medicine To Cure Christies Xenophobia Against Bahamians .....**

Mumbo Jumbo Christie stupidly declined more than ample opportunities with numerous Bahamian entrepreneurs FDI partnerships bringing $BILLIONS to the table that would have easily leveraged the countries anemic growth with or without Baha Mar.

Instead he choose to maintain the entrenched **"Bahamians need not apply"** xenophobic posture that has stifled growth in our country for 42 years leading us to near failed state status.

For the sake of the country, we all wish Baha Mar is fast tracked to operational status.

No sympathy for PM Christie.

**Jackass Reaps As Jackass Sows.**

A jackass is a truly ignorant beast. However, Christie acts with purpose.

The Bahamas Government did not have too many options here ......... we have FIVE hotels at different stages of completion to get opened and making money for the investors and the country .......... that is (as correctly stated by the PM) the major objective here .......... Good bye Mr. Izmirlian ........... time to move on for the four parties involved (Izmirlian, Government, Exim Bank & CCA)

All I can say sheeprunner12 "Good Bye FDI". This is worse than Nicaragua. Helping the thieves (number boys), stealing from the others, and kicking the Constitution with his feet. He really tries to outdo our founding father.

If the PM really intents as quoted by Reuters to take control of Baha Mar, this would be the end of FDI in the Bahamas. If he can take Baha Mar, he can take any smaller asset away from a foreign owner. Bahamas is not better than Argentina, Nicaragua, Venezuela, Ecuador, not better and former Soviet territories such as Usbekistan or Azerbeidjan, where the government can walk into your house or shop and take it.

It also shows the blatant disregard for the separation of powers. Our PM has a view of democracy that is right there where Zimbabwe's Mugabe or Nicaragua's Sandinistas have theirs.

Last but not least, he considers to side with the Chinese is the smart thing. That's a decision he is free to make. Whether this is in the interest of the Bahamas, history will tell us. He may get a bronze statue somewhere in a god forsaken corner of Bejing, but certainly not in the Bahamas ever.

Good luck and good night.

No doubt we will see certain members of the party faithful appointed to be provisional liquidators. !!!! Keeping it ALL in the family !.

Hello FNM? anybody......... Silence ...........crickets ..........

There's nothing for the FNM to say. The Bahamas is now officially a corrupt dictatorship on the brink of financial disaster.

As with all dictatorships, democracy is redundant, so the FNM is redundant. Dictators don't allow opposers any say.

Yes, and the silence confirms you are right.

So our country should allow bad corporate business decisions to run rampant for the sake of continuing FDI?

While I did not vote for the PLP, as an educated young Bahamian (yes I know the difference between Chapter 11 Bankruptcy and Chapter 7 in the US), I agree with this approach the government is now forced to take.

I strongly believe that we need to look at this without the politics and petty "naming & shaming" (even though it is there). As a Bahamian (not as a PLP or an FNM), I was offended to learn that a company so heavily involved with the Bahamas thought it was the "right thing to do" by seeking protection from the US Justice System. Almost everything business related about Baha Mar (even down to it's name) has direct implications and gross involvement of the Bahamian economy. Something is fundamentally wrong with the "guys in charge" of this project if they thought the government (who represents the people of this nation) would not react strongly.

If the points Prime Minister Christie raise regarding what took place at the negotiation table are true; then I agree wholeheartedly with the Bahamas' next move. If all Sarkis' team had left to do was withdraw the Bankruptcy filing in the US, and they still refuse to, then they leave the other parties no choice but to take strong reaction. Now more than ever, seeking Chapter 11 appears to be a selfish move on behalf of the Baha Mar owners to protect themselves from a failing project.

And by the way, whether you support the PLP government or not, please be reminded that any disrespect by a foreigner towards the Prime Minister of this country is actually disrespect to you as a Bahamian.

You talk about disrespect for the PM by foreigner? What about the disrespect and contempt the government shows to us as Bahamians.This project has been in problems for almost a year and our PM constantly told us all is going well. When it was leaked that Bahamar was having money problems, non other than the PM told us that is not true. He kept assuring us that all is well knowing that the bottom was falling out

Ah, the ignorance of youth. Soon your eyes will be open to what really went down, a back room deal between our elected officials and the Chinese government.

I just hope you can maintain your enthusiasm as you grow older.

Likelihood of some kind of alliances in the background --> probably. We don't have the right laws in place to really prevent that from happening.

Deals or no deals...fundamental issue still remains...Baha Mar is a business nightmare, and it's NOT just the fault of the government. All parties had an element to play in it. That doesn't mean one party should just "take their ball and run to the US".

I see your point about enthusiasm...good thing it's not fueled by what the government promises...because then i'd be in a really sad state. ;). Just here voicing an opinion.

And honestly, I want you to know I'm do hope you continue with your enthusiasm towards making this a better place, and instill it in all of your friends. We need far more young people involved in the future of this country.

Do you remember everyone's shock when the PM blasted Izmiralian at the soft launch lat year? It was the first time the public had an inkling that something was wrong. This was the Prime Minister in the front of guests and international media. Disrespect?

And now this *advice and legal opinion* on an ongoing case in the Supreme Court??

> And by the way, whether you support the PLP government or not, please be reminded that any disrespect by a foreigner towards the Prime Minister of this country is actually disrespect to you as a Bahamian.

The PM disrespects the people of the bahamas **EVERY. SINGLE. DAY.**

Where's my shoe?
Comrades this is not a knock against the passionate good people over Creative Nassau, wanting to get their message out and who deserve to be heard and supported, but am I the only one listening-in who wanted take my shoe and throw it right through the damn radio while listening to Guardian Talk Radio's Carlton Smith who, how to host a good talk show that will keep your listeners tuned-in and advertisers happy, seems to have completely escaped his mindset.
Overnight the PM addressed the nation on the liquidation of Baha Mar, and all Carlton wants talk about, is the visions of the late Comrade Jackson Burnside. Yes, there is and should be a time and a place for all talk show topics and today is not one them.
Carlton is well on his way soon replace Chrissy Love's list show topics, and that ain't such an easy task for any talk show host master, much less a man's host?

Shortsighted indeed, and now Bahamar's statement that the negotiations are ongoing and the Bahamian delegation left BEFORE the talks were completed. What is our PM and AG trying to do to this country?

FDI is going to dry up, Cuba is going to divert our tourist dollar and we are going to have some very lean years ahead. How we are even going to find enough U.S. dollars to cover our food import bill will be a challenge. Fun time ahead!

AS I SAID YESTERDAY: Christie, Maynard-Gibson aka Wicked Witch and Gomez aka Minion will now seek to rob the Izmirlian family of their entire interest in the Baha Mar property physically located in the Bahamas by any means possible, which, when all is said and done, will be tantamount to a de facto confiscation by expropriation of the Izmirlian family's equity interest in the property for the benefit of Christie's new found Chinese friends. You can be rest assured every Bahamian government department, agency and corporation will be instructed not to assist the Izmirlian family or Baha Mar's representatives in any way whatsoever without the express approval of Christie or his Wicked Witch on his behalf. As for any legal actions to be heard in the Bahamian courts....well, we all know the influence that can be wielded at will over our courts by the Wicked Witch doing Christie's bidding. Of course it will take many years for the value of the Izmirlian family's equity interest in the venture to be determined by the eventual outcome of the legal actions properly brought by Baha Mar, as a last resort, before foreign courts in Delaware and the U.K. The only honourable thing Christie could possibly do now is dissolve parliament, but he is too delusional, self-infatuated and irrational to do anything honourable!

AS "REALITY_CHECK SAID YESTERDAY: If delusional Christie, hissy tissy Maynard-Gibson and minion Gomez are fool enough to do as you say here, then the Bahamian people can be rest assured that no other significant foreign investors (other than the Chinese government) will ever invest in our economy. Foreign investors already here (except the Chinese) would also accelerate the selling-off of their hard property assets in order to make a clean exit from our shores as quickly as possible. Also, the Izmirlian family, through Baha Mar, would likely be justified in asserting very substantial legal claims (in foreign courts) against the Bahamian government for the added losses that would be incurred as a result of the vindictive conduct of Christie, Maynard-Gibson and Gomez. Any claims the foreign courts might award Baha Mar (the Irzmirlian family) against the Bahamian government would amount to mega-millions of dollars and would have to somehow be paid out of the hides of honest, hardworking and already over-taxed Bahamians.

The Chinese will soon own Bahamar, Cable Beach and the Bahamian island of their choice ....... in return for opening the white elephant by the sea

This will be Perry's legacy ............... he sold the Bahamas to the Chinese for Bahamar

How can Perry put bahamar into liquidation without a sure fire sale deal with the Chinese ...... this is the Ingraham BTC sale ............. on steroids

Lord Jesus ........................ is my island up for sale?????????????

Sheeprunner12 - Wake up - Your island and Country have been sold !! Past tense !! Brave took the proceeds to Panama.