To Birdie, SP and others: I believe this is a Haitian immigrants way to prepare for a Coup d'Etat in the Bahamas. Now all the illegals will vote PLP and FNM out and will vote in the "Movement Democratique des Iles Bahamas et de Haiti Unies" (MDBHU). French will be the second official language of the Bahamas after Chinese.
4% to 4.5% p.a. looks on its face like a good interest the investor is getting (compared Italy 10-year gov bond pays 1.75%, same country rating Baa2). The key however is that the BSD (albeit pegged to the USD) is way overvalued. So 4% to 4.5% wont pay you a loaf of bread really, if the BSD starts to float vs the USD.
just follow the trail of commissions. Of course EFG was instrumental in facilitating the investment. I bet they got paid on the successful introduction. So I would not jump to the conclusion that EFG is on the good side here. seems the heat is turned up on EFG, consequences from a lax management style over the past few years.
yep, however seems more like an international coalition of pirates based in the Bahamas. EFG has the ability to make the news quite regularly with law suits about disappeared monies and unsuitable third party managers/fund managers/fiduciaries involved, there seems to have been a management issue for quite some time.
ok, how about going after Alstom? Just drag them to court or give them a fine of 20 Mio USD. If they don't pay, preclude them from doing business in the Bahamas forever.
It is a big opportunity (Switzerland tried and lost out to London). Having this said, it is not an achievement rather a consequence from selling our country to the Chinese.
GrassRoot says...
To Birdie, SP and others: I believe this is a Haitian immigrants way to prepare for a Coup d'Etat in the Bahamas. Now all the illegals will vote PLP and FNM out and will vote in the "Movement Democratique des Iles Bahamas et de Haiti Unies" (MDBHU). French will be the second official language of the Bahamas after Chinese.
On Thousands of voter cards stolen, claims FNM leader
Posted 22 January 2015, 1:05 p.m. Suggest removal
GrassRoot says...
4% to 4.5% p.a. looks on its face like a good interest the investor is getting (compared Italy 10-year gov bond pays 1.75%, same country rating Baa2). The key however is that the BSD (albeit pegged to the USD) is way overvalued. So 4% to 4.5% wont pay you a loaf of bread really, if the BSD starts to float vs the USD.
On New Gov’t bond: $42.5m coming to market next week
Posted 21 January 2015, 2:55 p.m. Suggest removal
GrassRoot says...
just follow the trail of commissions. Of course EFG was instrumental in facilitating the investment. I bet they got paid on the successful introduction. So I would not jump to the conclusion that EFG is on the good side here. seems the heat is turned up on EFG, consequences from a lax management style over the past few years.
On Bank’s unwitting role in multi-million fraud action
Posted 15 January 2015, 3:28 p.m. Suggest removal
GrassRoot says...
yep, however seems more like an international coalition of pirates based in the Bahamas. EFG has the ability to make the news quite regularly with law suits about disappeared monies and unsuitable third party managers/fund managers/fiduciaries involved, there seems to have been a management issue for quite some time.
On Bahamian bank sued on $8.7m ‘total loss’
Posted 14 January 2015, 11:08 a.m. Suggest removal
GrassRoot says...
ok, how about going after Alstom? Just drag them to court or give them a fine of 20 Mio USD. If they don't pay, preclude them from doing business in the Bahamas forever.
On Govt 'dragging its feet' over BEC bribe
Posted 9 January 2015, 3:57 p.m. Suggest removal
GrassRoot says...
pick a Bahamian island to stay, preferably one that the DEA does not frequent.
On US tells BISX-listed firm: We can get you
Posted 9 January 2015, 12:35 p.m. Suggest removal
GrassRoot says...
the ones that get the other money.
On PM: I need a compelling reason to stay on to lead party
Posted 9 January 2015, 12:34 p.m. Suggest removal
GrassRoot says...
It is a big opportunity (Switzerland tried and lost out to London). Having this said, it is not an achievement rather a consequence from selling our country to the Chinese.
On Chinese currency hub is ‘monumental achievement’
Posted 9 January 2015, 12:33 p.m. Suggest removal
GrassRoot says...
who was responsible for doing the math?
On VAT’s 5% increase in food budget for social services
Posted 9 January 2015, 12:31 p.m. Suggest removal
GrassRoot says...
no more politicians in the Bahamas. Only a CEO that manages Bahamas, Inc., on behalf of the Chinese shareholders.
On PM plans to ask China for funds
Posted 9 January 2015, 12:28 p.m. Suggest removal