The only slogan of FNM and PLP I will ever believe again is: Get as much as you can, as long as you can, out of the Bahamas Treasury.

The move sparked much debate and criticism, especially from the Government's political opponents, which seized upon the repossessions to portray it as heartless and uncaring towards poor Bahamians in financial distress.

If Davis has such a bleeding heart for those not paying their mortgages, he should pay their mortgage arrears out of his own money!!! But alas, these men are so generous when it comes to breaking rules and giving away other people's money, but heartless when it comes to policing their own fortunes.

FRAUD -- This is the same scheme used in BOB! Stop the FRAUD now!!! Politicians using government owned banks to steal hundreds of millions of dollars from Bahamian treasury. We demand a public forensic audit NOW! We demand the thieves be prosecuted NOW!

China should be treated like Lion Fish. Look but don't touch.

Re SP & Economist I agree with everything you've said. The extortion and control has just started and will get much much worse, until Bahamians are begging on their knees for the US to intervene. I won't be surprised if the Chinese will build and own the new BPL power station and Shell will simply manage it. What Perry and Hubert have done to this country by selling our tourism product to a communist, repressive country is unforgiveable.

The only way to explain these 300K a month payments is that some entity (likely China or the company itself), behind the scenes, is already holding the Bahamas Government hostage and they are too scared to resist. There's no other explanation to pay 300K for a rental that has been terminated by the landlord failing to repair. No country with its sovereignty intact would agree to pay this.

The final word in all this is that both PLP and FNM have on at least two occasions aided and abetted and/or directly defrauded the Bahamas Government treasury, which is high treason against the Bahamas Government and its people. If they are willing to do this using banking institutions as their vehicle of fraud, imagine what they are doing with VAT? Bahamas Government = engine of fraud.

If either the BMC or BOB matter happened in China, those in charge would be executed. If either happened in the US, those in charge would likely be jailed. In other first world and many third world countries, this would be a huge scandal and audits would be conducted and people would go to jail. In The Bahamas, the FNM calls the PLP a few names and Davis grins.

As Concernedcitizen said, this BMC matter is almost an exact clone of the BOB matter. Both were lending institutions, both have been pillaged for untold millions of dollars by politically connected people. Both require a forensic audit and criminal charges to be levied. Both are NOT being investigated by the Minnis FNM!

Proudloudfnm They going to do something as soon as China signs the cheques it promised them. Their entire administration is waiting for China to begin investing.