Agreed but I am pretty sure there is an unwritten/spoken rule between the PLP and FNM not to prosecute any high level official regardless of party affiliation. History kinda confirms this.
To put NIB into proper perspective... According to 2019 NIB financial statements, NIB has over 1.4 billion dollars in "Investments". How can government talk about fund depletion and income short comings with those numbers? Absolutely disgusting. Here is the link to NIB 2019 financials https://www.nib-bahamas.com/UserFiles/H…
The article left out the blatant fact of how much the NIB fund has in IOUs - hundreds of millions of dollars owed by other government agencies/companies. So yet again, instead of cleaning house and repaying its debts, government is going to make the people pay more. It's better in the Bahamas.
A much more likely scenario is that some people in government decided to sell the in-the-money call options and make a nice profit which they kept for themselves instead of using the options to buy cheaper fuel for the public. A simple financial audit would shed light on this but we all know that will never happen.
KapunkleUp says...
Agreed but I am pretty sure there is an unwritten/spoken rule between the PLP and FNM not to prosecute any high level official regardless of party affiliation. History kinda confirms this.
On POLICE QUESTION FORMER MINISTER: Officers quizzed Lanisha Rolle as part of investigation
Posted 12 January 2023, 11:32 a.m. Suggest removal
KapunkleUp says...
We are ALL thinking the same thing.
On FTX’S $3.5BN HELD ‘FOR SAFEKEEPING’: Value of assets controlled by Securities Commission is confirmed in statement
Posted 30 December 2022, 11:53 a.m. Suggest removal
KapunkleUp says...
To put NIB into proper perspective... According to 2019 NIB financial statements, NIB has over 1.4 billion dollars in "Investments". How can government talk about fund depletion and income short comings with those numbers? Absolutely disgusting. Here is the link to NIB 2019 financials https://www.nib-bahamas.com/UserFiles/H…
On GOVT ‘WILL HAVE TO MAKE NIB DECISION’: Minister insists all options are being considered over fund
Posted 29 December 2022, 11:08 a.m. Suggest removal
KapunkleUp says...
The article left out the blatant fact of how much the NIB fund has in IOUs - hundreds of millions of dollars owed by other government agencies/companies. So yet again, instead of cleaning house and repaying its debts, government is going to make the people pay more. It's better in the Bahamas.
On GOVT ‘WILL HAVE TO MAKE NIB DECISION’: Minister insists all options are being considered over fund
Posted 29 December 2022, 8:55 a.m. Suggest removal
KapunkleUp says...
Because when a 800 pound gorilla asks you for your banana, you say Yes Sir!
On FTX founder extradited
Posted 22 December 2022, 12:22 p.m. Suggest removal
KapunkleUp says...
Now comes the fight over the real estate carcass left by FTX.
On FTX founder extradited
Posted 22 December 2022, 8:42 a.m. Suggest removal
KapunkleUp says...
Probably hoping for a "Christmas handshake" as SBF was boarding the plane.
On FTX founder extradited
Posted 22 December 2022, 8:40 a.m. Suggest removal
KapunkleUp says...
Can't help but note that every time a story includes our "illustrious" judicial system, comments are disabled.
On ‘FTX BAHAMAS CHIEF CONFESSED TO FRAUD’: Securities Commission director says admission led to liquidation move
Posted 15 December 2022, 9:44 a.m. Suggest removal
KapunkleUp says...
Pretty sure certain people in government are shedding salty tears right now. Their big meal ticket is about to be yanked away by the US.
On FTX FOUNDER ARRESTED: US expected to seek extradition
Posted 13 December 2022, 8:56 a.m. Suggest removal
KapunkleUp says...
A much more likely scenario is that some people in government decided to sell the in-the-money call options and make a nice profit which they kept for themselves instead of using the options to buy cheaper fuel for the public. A simple financial audit would shed light on this but we all know that will never happen.
On Sears admits misleading House on BPL fuel hedge
Posted 9 December 2022, 9:21 a.m. Suggest removal