LMAO

> Asked about this, Mrs Frazier said: “Sentencing is an art. There is no one fixed rule for every case.”

Frazier's just another dumb arse in our legal system who doesn't have the foggiest notion why Lady Justice is blindfolded.

Oops!
Word "decades" is missing from end of last sentence of first paragraph above.

This is a sure fire recipe for the collapse of our nation's financial system if payment agents are not subject to the same or very similar supervisory oversight, capital requirements and other prudential norms that apply to licensed Bahamian banks and trust companies.

As things stand now, the Bank Supervision Dept. of The Central Bank can barely cope with regulating the local commercial banks. Trying to properly oversee and regulate umpteen bank paying agents will be next to impossible when you think how many unscrupulous individuals will be seeking to become bank paying agents of one kind or another.

And just think how many millions of dollars of bank depositors' funds will be annually flowing through the hands of these new bank paying agents who are about to latch themselves on to the commercial banks like leeches. Yup, this is a sure fire recipe for bank failures to come.

This so called Disaster Emergency Fund is being created for the deceitful purpose of allowing government to tap into the unclaimed funds of depositors turned over to the Central Bank for safekeeping by the commercial banks. And we all know what happens when corrupt politicians tap into the funds of the citizenry.......just look at what has happened to the people's National Insurance Fund which is on the verge of bankruptcy. Yup, Davis is a politically corrupt scoundrel like no other. He's just champing at the bit knowing that his dirty, grubby, yellow sticky fingers will soon have access to that $17 million.

John Rolle must think we are all stupid. The legal reforms talked about here are designed to protect the government and not bank depositors from losses attributable to a failed bank, i.e., a bank that goes bust. If the government really cared about bank depositors, the maximum insured deposit amount would be increased from $50,000 to at least $150,000 to help compensate for the effects of inflation and the resulting significant decline in the purchasing power of the Bahamian dollar over the last three or so.

What's really happening here is the government is seeking to ring fence itself from being on the hook to pony up for depositors' losses in circumstances where the failure of a commercial bank is attributable to the Central Bank's own failure to properly oversee and supervise the commercial bank's activities from a prudential norms and risk management standpoint.

More bluntly put, the government is seeking to avoid having to bailout a bank as it had to do in the case of Bank of The Bahamas when it failed due to fraudulent lending practices involving the political ruling class and their cronies. Makes one wonder if these reforms are being hurriedly done because a locally owned commercial bank might on the verge of going bust.

Meanwhile the same pay review warned that senior and middle-ranked employees in the private sector were immune to the effects of soaring inflation and should be paying much more taxes and fees to the government.

Meanwhile, senior and middle-ranked employees in the private sector suffered a $36.8 million ‘wealth destruction’ hit due to the impact of soaring inflation plus runaway government taxes and fees of every kind imaginable.

Dr. B. J. Nottage (deceased) had much to say about the twisted mind and crookedness of this imbecile Bell.

Yup, especially Chester the Jester who serves as Stumpy Davis's numero uno bagman.