You've got to be kidding us! Are you seriously reporting to us that this old guy Hillary (who, like Smith, can't get a job anywhere in the private sector, except possibly with a Greek) is back at the Bahamas Securities Commission???!!!.....Oh no, please say it ain't so!!! We seem to always be stepping one step forward and then ten steps back with such foolish re-appointments of 'ole has beens. There are many younger more well educated, better experienced and deserving Bahamians with no heavy baggage of favouritism or skeletons in their closet to hold the position of Chief Commissioner of our Securities Commission......come on, what the hell is going on!!!!!!!!

All of the proposals thus far put to Government are quite glaring in terms of the greed of the investors behind them as evidenced by their keen desire not to acquire BEC through a Government supported privatization initiative. The investors behind each of the proposals received to date would love a "sweet profiteering" arrangement that leaves BEC and Bahamian taxpayers on the hook for the high cost of the country's electrical transmission and distribution system (covering many islands), BEC's unfunded pension liabilities, etc. etc. The eventual outcome of putting only the electrical generating plants in the hands of these investors, with a "sweet deal" contract on the back of an already financially troubled BEC, is all too obvious: BEC would soon go belly-up leaving Bahamian taxpayers saddled with funding its unsettled liabilities, and the less costly parts of its electrical transmission and distribution system would be picked up at a fire sale price by the private power plant owners. Rumour has it there are confidential internal emails from the PM’s Office floating around that show Christie has already approved a “sweet monopoly deal” for his favoured cronies to supply electrical generating capacity to BEC.

There is also the problem of the assumptions behind KPMG’s “split” model being fundamentally flawed in many respects. Just look at the arrangement between Water & Sewerage Corp and Consolidated Water; this is a classic example of why these types of deals fail.

All of the proposals thus far put to Government are quite glaring in terms of the greed of the investors behind them as evidenced by their keen desire not to acquire BEC through a Government supported privatization initiative. The investors behind each of the proposals received to date would love a "sweet profiteering" arrangement that leaves BEC and Bahamian taxpayers on the hook for the high cost of the country's electrical transmission and distribution system (covering many islands), BEC's unfunded pension liabilities, etc. etc. The eventual outcome of putting only the electrical generating plants in the hands of these investors, with a "sweet deal" contract on the back of an already financially troubled BEC, is all too obvious: BEC would soon go belly-up leaving Bahamian taxpayers saddled with funding its unsettled liabilities, and the less costly parts of its electrical transmission and distribution system would be picked up at a fire sale price by the private power plant owners. Rumour has it there are confidential internal emails from the PM’s Office floating around that show Christie has already approved a “sweet monopoly deal” for his favoured cronies to supply electrical generating capacity to BEC.

There is also the problem of the assumptions behind KPMG’s “split” model being fundamentally flawed in many respects. Just look at the arrangement between Water & Sewerage Corp and Consolidated Water; this is a classic example of why these types of deals fail.

Translation: The likes of the Symonettes, Rupert Roberts et al are looking for sucker money to take them out! They won't get a dollar from me.......what about you?

Bahamians have been paying a fortune at the gas pump ever since Frankie Wilson aka Snake got into that business through his control of FOCOL and that company's favourable treatment under the PLP. Letting Frankie aka Snake and crew have a monopoly in the supply of our country's electrical power needs would nothing short of economic suicide.....our already exorbitant electricity bills would double overnight! Christie really needs to have his head examined!!!!

All of the proposals thus far put to Government are quite glaring in terms of the greed of the investors behind them as evidenced by their keen desire not to acquire BEC through a Government supported privatization initiative. The investors behind each of the proposals received to date would love a "sweet profiteering" arrangement that leaves BEC and Bahamian taxpayers on the hook for the high cost of the country's electrical transmission and distribution system (covering many islands), BEC's unfunded pension liabilities, etc. etc. The eventual outcome of putting only the electrical generating plants in the hands of these investors, with a "sweet deal" contract on the back of an already financially troubled BEC, is all too obvious: BEC would soon go belly-up leaving Bahamian taxpayers saddled with funding its unsettled liabilities, and the less costly parts of its electrical transmission and distribution system would be picked up at a fire sale price by the private power plant owners. The rumour has it there are confidential internal emails from the PM’s Office floating around that show Christie has already approved a “sweet monopoly deal” for his favoured cronies to supply electrical generating capacity to BEC.

There is also the problem of the assumptions behind KPMG’s “split” model being fundamentally flawed in many respects. Just look at the arrangement between Water & Sewerage Corp and Consolidated Water; this is a classic example of why these types of deals fail.

As a US citizen who has resided in the Bahamas for many years, I can only simply laugh at how foolish Bahamian voters are. It is well known that the imf, wto, World Bank, idb, oecd, etc. are all agencies in the main of US foreign policy tasked with destabilizing other countries whenever it is considered to be in the best economic or security interest of the US. The destabilization is typically accomplished by getting the country hooked on more foreign debt than it can possibly ever service. It is also often accomplished by forcing a country to replace its more cost efficient and more easily monitored/enforced taxation systems (like import duties in the case of the Bahamas) with other taxation systems that are not suitable for the country due to their revenue raising ineffectiveness, excessive costliness to administer (for both the government and taxpayers alike) and inability to be cost effectively enforced.
It is really all too easy in countries like the Bahamas with a largely poorly educated voting citizenry to get dimwitted greedy influence peddling politicians and their crony supporters (whether they be on the PLP or FNM side of the table) to "sell out" their country by sucking on the "borrowing tit" placed at their lips by self-interested foreign interests.

All of the proposals thus far put to Government are quite glaring in terms of the greed of the investors behind them as evidenced by their keen desire not to acquire BEC through a Government supported privatization initiative. The investors behind each of the proposals received to date would love a "sweet profiteering" arrangement that leaves BEC and Bahamian taxpayers on the hook for the high cost of the country's electrical transmission and distribution system (covering many islands), BEC's unfunded pension liabilities, etc. etc. The eventual outcome of putting only the electrical generating plants in the hands of these investors, with a "sweet deal" contract on the back of an already financially troubled BEC, is all too obvious: BEC would soon go belly-up leaving Bahamian taxpayers saddled with funding its unsettled liabilities, and the less costly parts of its electrical transmission and distribution system would be picked up at a fire sale price by the private power plant owners.

The assumptions behind KPMG’s “split” model are fundamentally flawed in many respects. Just look at the arrangement between Water & Sewerage Corp and Consolidated Water; this is a classic example of why these types of deals fail.

liar liar your pants on fire.......

......and I gat da emails to prove it!

When will Bahamians realize that the PLP and FNM parties are both responsible for so many of the wrongs committed against our society and for the decline of our country? The politicians in these two political parties are owned and controlled by their greedy business cronies who financially support (bribe?) them in exchange for political favours of one kind or another that typically have a very negative impact on our society and country as a whole. For decades now the FNM and PLP alike have wittingly or unwittingly promoted policies aimed at creating a majority underclass of illiterate, unquestioning and undiscerning voters. The unchecked wreckage of our country's finances by both the FNM and PLP has resulted in most Bahamians struggling to meet their basic daily needs against the backdrop of ever rising food and utility costs, a failed educational system and a failing health care system. truth be told, the entire bahamas will soon go up in smoke if bahamians do not free themselves from the failed policies of the plp and fnm! These two political parties deserve nothing but a quick death....they have together done more harm to our country than the old UBP could or would have ever done!