In the ol' days (1980s), banks refused to give a mortgage that exceeded an applicant's two weeks pay. Today, however, Bahamians have mortgages that exceed a month's salary. Why? Did applicants lie about salary? Did the loan officer give favours? Were banks "just greedy"?
The PLP Government must stop the superficial knee jerk response. I suggest that education is needed not "bail out"! Bahamians need to understand finance (fiscal responsibility/budgeting) and their part or role in the stability of the Bahamian economy.

By the way, in the US, some banks found that it is in their long-term interest to destroy foreclosed homes rather than allow deliquent homeowners to squat. No bank wants to set a precedent of giving away stockholders' monies when customers are unwilling or unable to pay. This begins another cycle of failure -- company failure.

Tread carefully...

The Government should be clear in what they intend to do, thus preventing misinterpretation. If Moody's did not comprehend the statement in the Charter, did the average Bahamian understand? What did the Bahamian people "strongly endorse"? (a) A mortgage past the retirement age 65 years? (b) a mortage that can be inherited by their children? (c) Increased fees to offset the slow repayment of mortgages? etc. Did insurance companies agree to insure loans of customers past the retirement age?

During the campaign "of truths", the PLP claimed that the FNM government destroyed the economy or as Min. Rolle (Investment) suggested the country was not open for business. Considering the current economic situation (Min. Nottage talked about fiscal constraints) is the gussymae government willing to do what the French government is doing "a 30% pay cut for the President and all of his ministers.". If not, our economy is not as bad as the PLP claims.

If the country is as economically challenged as the PLP claims, can we afford this costly, gussymae executive team. The Minister of State for Finance should provide the figures for the salary and perks (police guards, cars etc.).
Is the PM included in the mid-term shuffle?

Censorship!!!!!!!

Minister Gray should read the files at the Ministry of Agriculture before he makes public statements.
Raising chickens versus importing chicken. We have been down this road before. On one side, the Government receives import tax for chicken; on the other side, Government will be subsidizing the chicken farmers who cannot meet the demand for chicken.
It would be good if the Minister stops the sound bites and deal with the reality of the Bahamian agricultural sector.
Minister, find the investors for the agricultural sector, have them begin production - then predict the decline in imports.

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!

High schools as remand centres. Go all the way.....What about the metal detector? drug testing?

Contradicts PLP campaign claims. Who's right?

The tax lawyer: WTO and import duties, VAT, income tax etc.