Comment history

ExposedU2C says...

Yup, lends new meaning to the Biblical phrase, "Physician Heal Thy Self."

ExposedU2C says...

Randy knows full well that fish starts to rot from the head first so he should start protecting consumers from all of the stealing that this corrupt Davis led PLP government is inflicting on our people. And he should start with the so called Public-Private-Partnerships (PPPs) involving millions and millions of dollars.

ExposedU2C says...

Truth be told, the government simply cannot afford to issue longer duration debt instruments with higher investment returns (higher interest rates) that financial institutions, asset managers and other investors would be willing and able to purchase and hold as longer term investments.

Put another way, the government is caught between a rock and a hard place. It would like to issue longer duration debt instruments but is unable to do so because it cannot afford to pay the higher interest rates investors would demand for the higher financial risks associated with such instruments.

The current lack of alternative investment opportunities for the domestic banks, insurance companies, pension asset managers, etc., has them literally forced to assume unusually high levels of 'roll-over' risk associated with too many investments in short-term government debt instruments that government is unable to repay in cash at maturity and therefore must replace with newly issue short-term debt; hence the term 'roll-over'.

Our government is literally printing Bahamian currency to meet its local funding needs by issuing short-term debt instruments. But the problem is, the market of purchasers of these debt instruments is limited and already showing signs of being severely strained. This is evidenced by domestic banks, insurance companies, pension asset managers, etc., having an unusually high level of their (or their clients) total assets invested in short-term debt issued by the government.

ExposedU2C says...

The National Investment Fund run by Tony Ferguson is nothing more than a hideous scheme by which our corrupt senior government officials partner with their corrupt greedy cronies in the private sector to fleece the Bahamian people of their national (state owned) assets for mere pennies on the dollar of their true underlying value.

ExposedU2C says...

Is it me or does Davis's head look terribly bloated in the above photo. I know he has nothing but fat between his ears....but my God it looks like it will soon be oozing out of his ears.

ExposedU2C says...

It seems fitting that plans have been made for certain judges to be moved to new court facilities on prison grounds. It would be an especially fitting retribution for Ian Winder to spend as much time there as possible.

ExposedU2C says...

> He [Davis} acknowledged that for far too long, Bahamians have suffered under a broken health system marked by long lines, excessive wait times, and outdated facilities.

>“We cannot accept that as the standard. We will not accept that.Our government has made it clear: healthcare must be treated as a national priority,” Mr Davis said.

Corrupt Davis obviously needs reminding of the total number of years since 1967 that his political party (the PLP) have held the reins of government during which time the "broken health system" he speaks of came into being.

ExposedU2C says...

The corrupt hierarchy within the PLP government under SLOP's reign quickly learned how to benefit from generous kick-backs associated with heavily padded construction contracts dished out to the greedy profiteering likes of the Mosko family. But they could never figure out a way to derive similarly beneficial kick-backs from ongoing maintenance contracts so whatever was built for government was simply left to quickly fall in a state of disrepair to justify the need for another heavily padded construction contract.

And the hierarchy within the FNM party quickly adopted this same scheme of new construction graft whenever they were fortunate enough to win a national general election.

Think of the billions of dollars our nation has squandered since 1967 simply because of successive governments preferring to fuel their political objectives with the graft associated with new construction projects while leaving existing government buildings to decay in the shortest time possible. Brave Davis has no shame whatsoever for perpetuating this type of corruption while selling-out our country and the Bahamian people to the classic debt trap set by the Chinese Communist Party. Truly sad.

ExposedU2C says...

i have great difficulty in understanding how the liquidators are legally able to justify giving creditors with claims of less than $50,000 preferential claims processing treatment over creditors with much larger claims where the larger creditors have provided the liquidators with all of the claims documentation (including KYC documentation) required to be submitted by law.

The laws pertaining to the insolvency of an entity domiciled in The Bahamas determine the class of creditors, e.g., secured vs unsecured. To the best of my knowledge the court sanctioned liquidators have no authority to create arbitrary classes of creditors such as "convenience creditors" and "non-convenience creditors" based on claim amount alone. In fact, the courts have long recognised that larger creditors are entitled to have a greater say in the conduct of the liquidation because they have the most to lose if the liquidators stray from the legal framework within which they must conduct the liquidation with appropriate oversight from a competent judge sitting on the court. The larger creditors having a greater say in the conduct of the liquidation is usually achieved through the establishment of a creditors' committee blessed by the court.

It seems the liquidators may have lost sight of the fact that time is money and therefore it is the largest creditors who have the most to lose by inordinate delay in the processing of their claims where they have submitted all documentation, including KYC documentation, required to be submitted by law.

In those instances where FTX failed to obtain required KYC documentation at the time an account was opened by the customer (now claimant), or did not maintain complete and accurate accounting records for the customer's (now claimant's) account, the liquidators are compelled to give the claimant the benefit of the doubt if he or she submits reasonable documentation to establish their identity and justify the validity of their claim by the set deadline for doing so. The liquidators are not permitted to created unreasonable barriers to the processing of any claim, especially when there are no competing claims for the same benefit entitlement associated with any particular customer's account.

The continued "slow walking" of this liquidation is proving very costly for those legitimate large creditors who have already submitted all of the documentation required by law to prove their claim(s). Surely the liquidators are well aware that undue delay in the processing a creditor's proven claim results in inflation eroding the value of the claim amount.

On FTX Bahamas: $290m claims unpaid on KYC

Posted 11 July 2025, 6:39 p.m. Suggest removal

ExposedU2C says...

Not 10 years anymore.....maximum 3 years for B1 & B2 visas.