Comment history

Reality_Check says...

To JohnDoe: You clearly have not carefully read BOB's annual audited financial statements for the past three years together with the correspondence exchanged between BOB/McWeeney and The Central Bank of The Bahamas(CBB). Correspondence from CBB to BOB clearly shows CBB has already accused (and demonstrated beyond reasonable doubt) that BOB's management team prepared materially misstated financial statements for the last three years. The fact that Ernst & Young (E&Y), as BOB's external auditors, failed to detect and mention the material misstatements in their audit reports is a separate matter for which E&Y itself should be held to account for by CBB and the stakeholders in BOB. Mudda_sic is spot on in his observations and remarks and your defense of Demeritte and McWeeney is without merit in the circumstances.

On BoB: 'Measure us' from 2015's start

Posted 4 January 2015, 5:41 p.m. Suggest removal

Reality_Check says...

Mudda_sic ain't jesting as I heard exactly the same thing from a well placed source within the leadership of the PLP. It seems Christie was terribly embarrassed by what he saw at both recent Junkanoo parades and is therefore taking the position that "enough is enough, time for a change!"

On Victory for Valley Boys

Posted 3 January 2015, 2:30 p.m. Suggest removal

Reality_Check says...

Minnis should be insisting on a full blown independent investigation of the BEC bribery incident rather than merely supporting a probe of the incident by the current government. This doctor simply lacks the back bone necessary to be the future leader of our country's government.

On FNM will support probe into BEC bribe

Posted 1 January 2015, 10:08 p.m. Suggest removal

Reality_Check says...

Minnis himself should be crying out for a full blown independent investigation of this BEC bribery incident but, curiously, he has instead chosen to remain ominously silent about the merit of doing so. The great love affair between Frank Watson and the developers of Albany should be looked into at the same time.

Reality_Check says...

Investigators for insurers should independently verify all assertions made in the preliminary report relating to competency and health of the pilots.

On Crash probe puts focus on pilots

Posted 15 December 2014, 5:21 p.m. Suggest removal

Reality_Check says...

As previously reported in the Tribune, Wendy Craigg (Governor of The Central Bank) is essentially on record in correspondence exchanged with Bank of The Bahamas (BOB) of accusing BOB's managing director (Paul McWeeney) and Chairman (Richard Demeritte), and others, of having engaged in fraudulent financial reporting to all of BOB's stakeholders and regulators, not to mention their grave misconduct in failing to adhere to well established banking norms and known requirements imposed by The Central Bank as BOB's primary regulator. Yet, the Bank Supervision Department of The Central Bank and Wendy Craigg have thus far failed to declare McWeeney and Demeritte to be persons unfit to serve as a director of any financial institution. One can only imagine the message this sends to other bankers in our financial services sector who may be contemplating "crossing the line" and causing material financial harm to their customers and other stakeholders, not to mention harm to the reputation of the Bahamas as an offshore financial centre. Wendy Craigg acted nearly 3 years too late in the case of BOB and continues to fail in the timely discharge of her duties by allowing both McWeeney and Demeritte to remain at BOB. Wendy Craigg needs to think much more about her statutory duties and personal legacy and much less about what Christie may want or desire!

On Propaganda over bailout of bank

Posted 12 December 2014, 5:35 p.m. Suggest removal

Reality_Check says...

The mudda sic guy obviously meant white and yellow masters of the foreign creed. White Bahamians don't matter much any more when it comes to what goes on in our country....we put d'em local white kind in dere place long time ago! Most white Bahamians have long ago sold their businesses and run for hills in other countries!

On Hotel union on gratuity ‘red alert’

Posted 12 December 2014, 4:52 p.m. Suggest removal

Reality_Check says...

ChaosObserver, you sound much too much like one of those Scottish Lodge Brothers who can't help but love the doings of an Uncle Tom like Sandy Sands!

On Baha Mar: No gratuity deal in 10 months

Posted 12 December 2014, 4:44 p.m. Suggest removal

Reality_Check says...

As previously reported in the Tribune, Wendy Craigg (Governor of The Central Bank) is essentially on record in correspondence exchanged with Bank of The Bahamas (BOB) of accusing BOB's managing director (Paul McWeeney) and Chairman (Richard Demeritte), and others, of having engaged in fraudulent financial reporting to all of BOB's stakeholders and regulators, not to mention their grave misconduct in failing to adhere to well established banking norms and known requirements imposed by The Central Bank as BOB's primary regulator. Yet, the Bank Supervision Department of The Central Bank and Wendy Craigg have thus far failed to declare McWeeney and Demeritte to be persons unfit to serve as a director of any financial institution. One can only imagine the message this sends to other bankers in our financial services sector who may be contemplating "crossing the line" and causing material financial harm to their customers and other stakeholders, not to mention harm to the reputation of the Bahamas as an offshore financial centre. Wendy Craigg acted nearly 3 years too late in the case of BOB and continues to fail in the timely discharge of her duties by allowing both McWeeney and Demeritte to remain at BOB. Wendy Craigg needs to think much more about her statutory duties and personal legacy and much less about what Christie may want or desire!

On Shareholder outrage over ‘no change’ BOB

Posted 12 December 2014, 9:58 a.m. Suggest removal

Reality_Check says...

As previously reported in the Tribune, Wendy Craigg (Governor of The Central Bank) is essentially on record in correspondence exchanged with Bank of The Bahamas (BOB) of accusing BOB's managing director (Paul McWeeney) and Chairman (Richard Demeritte), and others, of having engaged in fraudulent financial reporting to all of BOB's stakeholders and regulators, not to mention their grave misconduct in failing to adhere to well established banking norms and known requirements imposed by The Central Bank as BOB's primary regulator. Yet, the Bank Supervision Department of The Central Bank and Wendy Craigg have thus far failed to declare McWeeney and Demeritte to be persons unfit to serve as a director of any financial institution. One can only imagine the message this sends to other bankers in our financial services sector who may be contemplating "crossing the line" and causing material financial harm to their customers and other stakeholders, not to mention harm to the reputation of the Bahamas as an offshore financial centre. Wendy Craigg acted nearly 3 years too late in the case of BOB and continues to fail in the timely discharge of her duties by allowing both McWeeney and Demeritte to remain at BOB. Wendy Craigg needs to think much more about her statutory duties and personal legacy and much less about what Christie may want or desire!