KP Turnquest speaks with a forked tongue out of both sides of his mouth.
Posted 3 April 2018, 4:22 p.m.
You're absolutely right about the $450 million if you count:
1) National Insurance Board cash invested in BoB as additional capital to support BoB's losses on fraudulent lending activity involving PLP and FNM politicians and their cronies;
2) Taxpayer (Government) guarantees and cash injections plowed into BoB by way of Bahamas Resolve for the same reason noted in 1) above; and
3) Dividend payments made on a gratis basis by Taxpayers (Government) to BoB's preferred shareholders because of BoB's insolvency.
Posted 12 March 2018, 2:01 p.m.
As usual, shamelessly trying to change the subject whenever the spot light shines on the numbers boss (criminal thug) to whom you happily sing for your supper.
Posted 12 March 2018, 1:33 p.m.
The fill (quarry) removed as a result of this large excavation project had a value of well over $500,000. Who pocketed the sale proceeds?
Posted 12 March 2018, 1:25 p.m.
BoB needs to be shut down, not audited yet again by another set of auditors. And Turnquest and Minnis alike need to have their heads examined for having decided to keep BoB's doors open rather than putting it in liquidation immediately after assuming office in May of last year. Minnis must stop kowtowing to the web shop thugs who now see BoB as their bank of choice for laundering their ill gotten gains.
Posted 11 March 2018, 11:32 a.m.
Posted 11 March 2018, 10:41 a.m.
You spend way too much time surfing the internet. Most of us posting to this website are quite capable of getting info for ourselves whenever we want it and without it being tainted by your rather warped views. Get a life.
Posted 11 March 2018, 10:26 a.m.
There you go again John, trying to defend the criminal thugs you work for by playing that 'ole faded race card that most of us black Bahamians were victimized with by past governments. Tell your numbers boss we don't fall for that rubbish any more. Bahamians are Bahamians whether they be black, white or anywhere in between. And crooks are crooks whether they be bank robbers or the web shop thugs you work for. Suggest you try find a job with an honest employer in order to grow some much needed self esteem and eventually get off of your racism band wagon.
Posted 11 March 2018, 10:14 a.m.
FINCO discontinued paying dividends for the past several years to allow for the build up cash that could be used to repay a large deposit account balance RBC had with FINCO. The large deposit account balance arose from dividend and other amounts due to RBC over many years that were transformed to a deposit account with FINCO rather than being paid to RBC. With RBC's impending departure from the Bahamas, RBC made sure FINCO accumulated sufficient cash to extinguish its large deposit account liability to RBC. In other words, FINCO's loan loss provisioning in recent years was used by RBC as a tool to an end. Now that RBC has received most of the cash it had previously kept on deposit with FINCO for years, RBC is once again allowing FINCO to pay dividends. Where are the regulators??!! Are the regulators and external auditors blind to what RBC has been doing and the resulting adverse impact on FINCO's share prices in recent years???!!!
Posted 8 March 2018, 1:51 p.m.
You and your PLP political friends had better stop feeling sorry for illegal Haitians and start feeling sorry for Bahamians, many of whom now live in misery because of the toll illegal immigration has taken on our country's very limited financial resources.
Posted 5 March 2018, 2:16 p.m.
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