At one time the usury rate was any effective rate set at more than 10% per annum. Today these greedy lenders of consumer loans charge upwards of 13% or more with 'add on fees' to boot taking the effective interest rate even much higher.
Communist China is currently engaged in dumping these cheap, unreliable and fast depreciating (deteriorating) vehicles on our small nation. And they are doing the same thing in many other countries around the world because of their huge over manufacturing capacity that is causing serious economic problems for China and their partnering nations like Mexico.
Our nation is soon going to be awash with dilapidated and abandoned EV vehicles and the deadly effects of their highly toxic lithium batteries as they accumulate in private scrap yards and our public dump sites. Our water table on New Providence is already all but destroyed.
These auto dealers and their silent business partners in government have no shame for the environmental damage being caused to our nation by these vehicles while they market their deadly products as being environmentally friendly. What an effem' joke!
Rupert Pinder is a waffling cerebral academic who knows full well that what he is arguing for here can only be accomplished by the Central Bank and Minister of Finance imposing a cap on the interest rates charged by commercial banks for consumer loans.
The interest rates and realted fees currently being charged on consumer loans are usurious to say the least and should not be allowed.
Our Central Bank Governor (John Rolle) and Minister of Finance (PM Davis) should be ashamed of themselves for allowing the commercial banks to pay pittance interest on their customers' deposits while charging consumer borrowers outrageously exorbitant interest on their loans.
The Symonette family, Rupert Roberts and others like them continue to mint great personal wealth through their ownership of Commonwealth Bank by literally raping that bank's customers, whether they be depositors or borrowers. And of course the same goes for the so called Canadian banks.
Our Central Bank Governor and Minister of Finance are now much too dependent on these greedy commercial banks providing the government with credit facilities and investing in Bahamas government debt instruments, e.g. treasury bills, to stop them from their unabashed raping of both their depositors and borrowers. Talk about disgusting!
In the days of yore all police recruits (cadets) went through a rigorous training program. They were taught the essentials of their law enforcement duties in a formal classroom setting at a well-maintained police academy. They also learned discipline through drills and were required to be physically fit. All of that has gone by the wayside because today's cadets are borderline literate, i.e. D- educated, and are not paid a reasonable salary that they can live on.
The dismal state of our nation's police force today is just another sad outcome of our failed public education system. It all started with Poodling's belief that well educated and discerning voters were a threat to his PLP government remaining in power. Poodling feared such voters could not be so easily manipulated. Therefore, during his last 15 years as PM, Poodling deliberately starved our nation's public education system of vitally needed resources thereby permanently crippling it so that it would produce generations of dumbed-down voters. The leaders of the FNM party also became content with a population of more easily manipulated D- educated voters.
ExposedU2C says...
At one time the usury rate was any effective rate set at more than 10% per annum. Today these greedy lenders of consumer loans charge upwards of 13% or more with 'add on fees' to boot taking the effective interest rate even much higher.
On Put ‘all cards on table’ over banking reforms
Posted 7 January 2025, 3:13 p.m. Suggest removal
ExposedU2C says...
Who can afford any kind of insurance anymore?
I remember my grandfather saying that holding a license to sell insurance is the equivalent of holding a license to steal.
On Nine-month loss for Bahamas First
Posted 7 January 2025, 3:02 p.m. Suggest removal
ExposedU2C says...
The IDB is so compromised that no one really gives a flying hoot anymore about whatever it is they have to say about anything.
On Bahamas behind region in economy performance
Posted 7 January 2025, 2:53 p.m. Suggest removal
ExposedU2C says...
Communist China is currently engaged in dumping these cheap, unreliable and fast depreciating (deteriorating) vehicles on our small nation. And they are doing the same thing in many other countries around the world because of their huge over manufacturing capacity that is causing serious economic problems for China and their partnering nations like Mexico.
Our nation is soon going to be awash with dilapidated and abandoned EV vehicles and the deadly effects of their highly toxic lithium batteries as they accumulate in private scrap yards and our public dump sites. Our water table on New Providence is already all but destroyed.
These auto dealers and their silent business partners in government have no shame for the environmental damage being caused to our nation by these vehicles while they market their deadly products as being environmentally friendly. What an effem' joke!
On Auto dealer in $500k investment despite ‘saturation’ concerns
Posted 7 January 2025, 2:46 p.m. Suggest removal
ExposedU2C says...
Rupert Pinder is a waffling cerebral academic who knows full well that what he is arguing for here can only be accomplished by the Central Bank and Minister of Finance imposing a cap on the interest rates charged by commercial banks for consumer loans.
The interest rates and realted fees currently being charged on consumer loans are usurious to say the least and should not be allowed.
Our Central Bank Governor (John Rolle) and Minister of Finance (PM Davis) should be ashamed of themselves for allowing the commercial banks to pay pittance interest on their customers' deposits while charging consumer borrowers outrageously exorbitant interest on their loans.
The Symonette family, Rupert Roberts and others like them continue to mint great personal wealth through their ownership of Commonwealth Bank by literally raping that bank's customers, whether they be depositors or borrowers. And of course the same goes for the so called Canadian banks.
Our Central Bank Governor and Minister of Finance are now much too dependent on these greedy commercial banks providing the government with credit facilities and investing in Bahamas government debt instruments, e.g. treasury bills, to stop them from their unabashed raping of both their depositors and borrowers. Talk about disgusting!
On Put ‘all cards on table’ over banking reforms
Posted 7 January 2025, 2:14 p.m. Suggest removal
ExposedU2C says...
LMAO
On RBDF ship returns from Haiti deployment for repairs
Posted 7 January 2025, 12:12 a.m. Suggest removal
ExposedU2C says...
Gaslighting.
On Union to fight against Vybz Kartel concert
Posted 7 January 2025, 12:11 a.m. Suggest removal
ExposedU2C says...
So you believe The Bahamas is only reserved for the dumbed-down D- educated Bahamians like yourself and no one else. That figures!
On FNM leader opposes choice of deputy commissioner
Posted 7 January 2025, 12:06 a.m. Suggest removal
ExposedU2C says...
All too true.
On FNM leader opposes choice of deputy commissioner
Posted 7 January 2025, midnight Suggest removal
ExposedU2C says...
In the days of yore all police recruits (cadets) went through a rigorous training program. They were taught the essentials of their law enforcement duties in a formal classroom setting at a well-maintained police academy. They also learned discipline through drills and were required to be physically fit. All of that has gone by the wayside because today's cadets are borderline literate, i.e. D- educated, and are not paid a reasonable salary that they can live on.
The dismal state of our nation's police force today is just another sad outcome of our failed public education system. It all started with Poodling's belief that well educated and discerning voters were a threat to his PLP government remaining in power. Poodling feared such voters could not be so easily manipulated. Therefore, during his last 15 years as PM, Poodling deliberately starved our nation's public education system of vitally needed resources thereby permanently crippling it so that it would produce generations of dumbed-down voters. The leaders of the FNM party also became content with a population of more easily manipulated D- educated voters.
On 90-day plan unveiled by new top cop
Posted 6 January 2025, 11:57 p.m. Suggest removal