What you describe here has been going on for decades and is one of the principal reasons why the locally owned banks and insurance companies (Commonwealth Bank, Fidelity Bank, the Colina Group, etc.) have fewer and fewer local investment opportunities to diversify the asset side of their balance sheets which are now heavily overweighted with loans to government by way of investments in government issued debt instruments. Our country's entire domestic (Bahamian dollar denominated) financial system has been made structurally unsound by continuing excessive government borrowings from the local financial institutions to fund government's excessive expenditures.

> Mr Wilson, though, last night stuck to his and the Ministry of Finance's position that it was impossible for the $500m loan proceeds to be used to repay the $300m bond as the latter had already matured prior to receiving the monies from the new ten-year facility.

This arse, Simple Wilson, thinks no one but himself knows what a bridge loan is.....i.e. a temporary loan while the terms of another more formal longer term loan are being worked out. Who does he think he's fooling?!

LMAO. You probably believe the same thing about the Bahamas too. Dream on.

It's not the bracelets that are failing the country.......it's Davis and his cronies who are failing the country!

Talk about two bald faced liars! Both of these incompetent bozos know full well that the Bahamas is a very dangerous place to live or visit.

You would be shocked to know the average age of the few remaining white Bahamians living in the Bahamas today, most of whom have self-sentenced themselves to life imprisonment in their homes which, for only the more fortunate among them, are located in very costly gated communities.

Nearly every aspect of government and law enforcement has, for all intents and purposes, now collapsed. We are entering the period of great chaos and danger that usually precedes the birth of a failed state, much like Haiti did many years ago.

This tyrannical numbskull of an authoritarian dictator is responsible for the deaths of more Bahamians than any other Bahamian in the entire history of the Bahamas. Thousands died in the immediate aftermath of Hurricane Dorian and during the COVID-19 epidemic because of the most stupid decisions made by this inhumane idiot. No Bahamian should ever forget this fact.