In the US and the UK the banks took large losses for the bad loans that they made. Today the banks have changed their policy evidencing that they realised that they had a problem, not the consumer.
The Central Bank should, indeed it is their duty, to step in and say to the banks that the banks can't make the consumer pay for the banks mistakes.

Because the banks are saying "We messed up, but the Bahamian public is going to compensate us for our bad management", and the Central Bank and the government are doing nothing.

This, along with the BOB debacle is clear evidence that we can fire those in the "Banks Supervision Dept" as they do nothing. I don't know how many are working there, but Fire them all, we won't even know they have gone.

Mr. Sumner, until the business community takes the government to court, like they do in "First World" countries, the business will continue to be treated like the "third world' wimps they appear to be.

This is precisely why we cannot afford National Health Insurance.

All that will happen is that the government will through more money at the PHA hole in the ground using NHI as the justification.

**"....and promised that a government led by him would reverse the recent credit rating downgrade “in short order” by placing an immediate stoppage on “wasteful spending, scandalous contracts,” and “weeding out the corruption.”**

How will he reverse the down grade in "short order"?

Place an immediate stoppage on wasteful spending. It is not like there is a Ministry of Wasteful Spending. You have to weed out the culprits, charge them, and do proper prosecutions, you need evidence and the will to push all this quickly.

None of the above can be done in "short order".

Minnis and Christie both living in a world of their own. plp=fnm=plp no difference.

This man must have a degree in "double talk".

Your correct it was about a vaccine being used that had been banned in the US for the last 15 years.

Why anyone would want to the "rudderless" MV FNM is beyond me.

Good response.

No this has a huge significance for all parents with young children. They all are get vaccinated.

The lesson here is to make sure they don't get out dated vaccines and, especially, not a bunch together.

Otherwise the poor will lose their babies.

So this story has great significance, especially to the poor.

This man is stuck in the 20th Century. With very few exceptions people from different countries can invest in other countries utilities etc. The Bahamas, whose development is falling behind its competitors, is one of the few countries who babies their citizens and protects them from the real world.

This protectionism is part of the reason so many of our locally owned businesses are not competitive, they don't have to be because the Investment policy and the immigration policy protects them.

Next time, Mr. Demeritte, when you put in a bid remember to do as the foreigners would do.

As for this talk of a Bahamian bastion, get over it a grow up. Compete like a man.