They take their cue from the very top - Davis.

You and IslandWarrior should be joined in matrimony. lol

Got timed out.... above should read in it's entirety as follows:

Wow! And the controlling shareholders of the commercial banks derive the benefit of these hefty profits by seeing to it that the banks continue to pay their depositors little to no interest while they reap the benefit of investing the deposits they receive from their customers in short-term treasury bills issued by the Bahamas government that earn interest at over 4% per annum.

Now this is a sweet deal for the government because it gets to print more money to fund its insatiable borrowing needs using the deposits of bank customers who receive little or no interest. It is also a sweet deal for the controlling shareholders of the banks who get to pocket as dividends the enormous difference between the interest the banks received from government and the interest they pay to their depositors.

The only losers here are the poor customers whose deposits earn little or no interest while the purchasing power of their hard earned savings are ravaged by the eroding effects of high inflation. And the government and the banks will try tell all of the poor depositors that the economy is doing well. Yup, the economy is certainly doing well for everyone but the poor bank depositors!

But as the government keeps borrowing by rolling over and increasing the total amount of its issued short-term treasury bills, the balance sheets of the commercial banks, pension asset management funds, insurance companies, etc. are becoming saturated with investments in short-term government debt that creates unhealthy structural risks for these financial institutions.

Government issuing only short-term debt instruments in an exchange control regime in an attempt to use inflation to eventually monetize and reduce its over-all domestic debt is not going to end well for many holders of government debt in the next severe economic downturn.

Wow! And the controlling shareholders of the commercial banks derive the benefit of these hefty profits by seeing to it that the banks continue to pay their depositors little to no interest while they reap the benefit of investing the deposits they receive from their customers in short-term treasury bills issued by the Bahamas government that earn interest at over 4% per annum.

Now that a sweet deal for the government that gets to print more money to fund its borrowing needs using the deposits of bank customers that pay little or no interest with the controlling shareholders of the banks pocketing the difference.

The only losers here are the poor customers whose deposits earn little or no interest while the purchasing power of their hard earned savings are ravaged by the eroding effects of high inflation. And the government and the banks will try tell all of the poor depositors that the economy is doing well. Yup, the economy is certainly doing well for everyone but the poor bank depositors!

Most of us can't afford to pull out a fat wallet and bribe corrupt senior government officials. Not that we would any way. That's left for low-life criminal thugs to do.

ZZZZZzzzzzz

And I suppose you just want us to look at all of the good that alcohol, marijuana and gambling have done for our society LOL

Big difference is, Pop never tried to bribe the officials of any government to legalise bootlegging.

Unlike most of our horribly corrupt and greedy politicians, as a Bahamian I've always been and will always be on the side of the Bahamian people. They deserve to be called out every time they cross the line and harm us. Cozying up to the ChiComs invites the ire of the U.S., and I can assure you that is not a good thing for our small nation and Bahamians going forward.

.....