Sad, sad ... Reality is most of our Southern Bahamians have been hanging on by a thread for years and as bad as this Hurricane was, the Country is broke, so as with the Warnings, aid and assistance will be "limited", albeit question how we can see fit to pay "private" Employees of the failed "Baha Mar" and Vendors who did not "profit" from the failed Carnival over these truly poor Bahamians? I fear a simple case of out of sight, out of mind!

Izfailian was the Developer and the Cuban/Bahamain D'agulair his trusted advisor, but neither had a clue and this is the end result, no one to blame but themselves, and everyone else simply left to absorb finanacial loses and reputational damage as they drift off back to the foreign lands from where they both came.

How can private enterprise that incurred risk for profit expect to be made whole if the very risk they should have built into their pricing occurs?!? Would they have shared the profit if they had been paid in full?!? Whether anyone likes it or not, the Chinese Bank has a "first priority position" over all other Creditors, just like Commonwealth, Scotia, RBC or CIBC if you take a Mortgage out with them over your House. No one in such scenario ever expects to jump ahead of or be on par with the Bank if they subsequently lend money to or perform services for the Borrower. I fear our "D" Average for the past 20 years has produced a Society that has No Clue how business is conducted in the "real" World, hence our slippage on all World Rankings as we fall into some sort of peculiar Welfare State that of course, we have no basis to support either.

I thought Babak had been kicked out of the Country and was persona non grata. Clearly he is more powerful than our own Government, as not only is he still here, but continues to manipulate a major facet of our Economy for his own personal benefit. The idea that he is looking out for anyone, but Babak, is farcical and demonstrates a clear lack of knowledge of the man.

Leaving China and our Government to one side, at some point one must accept incompetent Directors and Managment coupled with perhaps the worst Legal Represntation­ and Advise in the history of Business ultimately produces what we have today, a failed Project, irrespective of all of Daddy's money, which in virtually anyone else's hands would have been an uniquivical basis for success. Well done Son, well done ... your decision making and choice of confidants have cost me much embarrassment, not to mention your inheritance.

Hate to disappoint, but Brent is a Lawyer too, albeit one with money, so no need to entertain corruption.

Unless an "independent" investigation is conducted, 3 weeks is also more than ample time to "cook the books"! Interestingly enough, also enough time to actual "swim" to Crooked Island with ones own supplies strapped to your back, bearing in mind the same are still to arrive. Maybe the Mailboats lost their radar too and can no longer "find" Crooked Island?

As BahamaPundit correctly summizes, at the expense of Creditors who either lent money or provided services to enable the Project to progress to this point in the first place. Why should these people be the ones to suffer the "haircuts" to allow Izfailian to continue with his doomed Project?

Unfortunately, this is the result when people with no, little or failed business experience get in over their heads in spending money they never earned, in this case Daddy's, and then get upset that they were denied the opportunity to avoid Creditors who lent them money by exploiting US Chapter 11 procedures, which if allowed, would be akin to fraud.

With political favoritism now on full public display, why has Graham Thompson allowed its once much respected integrity and reputation to be compromised by the McWeeny Brothers?!?