More words. Because someone here is profiting and once big money is involved, in The Bahamas, nothing is too illegal

So basically the report said, noone is doing anything and they fear they'll only act when the threat is imminent and it's too late. I could have told them that. Climate change is airy fairy, it's not tangible, it doesnt make money, it interferes with making money, they wont act. Even PM Davis who delivers impassioned and eloquent speeches doesnt really believe it. It just sounds good to say so and it's good optics... good busy work. He agreed to RCI, they selling off every cay possible for development, hills and forests are being decimated right under their noses and we're ceding development to the cruise industry. We're doing a great injustice to these islands

The solution is to let the cruise ship build and enclave to lure passengers off the ship.. oh wait, they already agreed to that

Securities Commission board, not "SEC board"

I'm actually serious on this one. I recognize people for what they're good at. Do I think he should lead a class on negotiations, no. But if he spoke about networking which is an important skill for a leader, I could see value in that. And he's an expert.

I seriously believe we are doing ourselves a huge disservice by throwing away knowledge of these retirees.

Meant no disrespect on the name, was a typo, I should do better! I actually like PM Davis btw. I stick to the belief that neither PM Davis nor Halkitis are giving the attention needed to that ministry and could be for a variety of reasons. Someone seeking your permission and persuading you to let them do what they want is much different to leadership

The office manual een gat nuttin on the power brokers. PM Davis told us he had NO idea about the single most important issue to the country, i.e, energy prices and the fuel hedging. HE said "**The *FS* had some views**", not my words or inference. If he ceded control of the most important issue facing the country to the FS, he said he'd had no idea any request to apply for the hedge had come from BEC, but the FS knew and made a decision, what you expect me to believe?

I'm certainly no expert but I know a little something about how it "should" work and I've seen and **heard** enough to know it een working the way it supposed to and some basic basic things have been missed. Repeatedly and with the same undercurrent. **Power + Arrogance =\> Hubris**

I notice that he speaks of ~*influence peddling* with politicians AND The Securities Commission. I dont think he said that off the cuff. I wouldnt be surprised if one of the witnesses has divulged the details of a *make nice with the power brokers* plan. Again separate issue from whether the plan worked

Who is charge at the ministry of finance? Every single major initiative they've launched has been mired in questions of poor analysis . Just last week, the FS was bragging about how he would be scrapping websites to find the rental income of every single rental unit going back years, and now they're realizing they need to consult??? Again PM Favis needs to pay closer attention to what's happening in that ministry

"*He also repeated previous attempts to tarnish The Bahamas’ integrity and reputation, asserting that Mr Bankman-Fried sought to “leverage” what was described as a “close, accommodating relationship” with Prime Minister Philip Davis KC, Ryan Pinder KC, the attorney general, and the Securities Commission to help “minimise his exposure” should FTX’s alleged fraud be uncovered. All three have vehemently refuted such allegations in the past*"

Anyone who thought Ray had concluded that The Bahamas did everything right, didnt really understand. He conceded to the language he did because he had a bigger battle to fight.

**In any event, this statement is not about the integrity of The Bahamas.This statement puts forward a *theory* about *SAM*'s intentions. Whether or not he succeeded is a separate argument.**

These potential influence peddling techniques by investors and the criminally minded are exactly why compliance and ethical standards are so important. They WILL invite you on the private yacht, they WILL invite you to the cocktail party at their million dollar resort in Hawaii and send you the first class ticket to make the trip. It is up to you to understand that these gifts and extensions of favour are always meant to make a friend of you and they might influence your judgement. A member of the SEC board should never have had shovel in hand at FTX's ground breaking. They have no stake in encouraging investment, leave that for the politicians.

When you function in an oversight or law enforcement role, you HAVE to maintain a layer of separation between yourself and the people you're supposed to keep in check. The primary purpose is so that you cant be swayed by favours. Fraudsters crime bosses and criminals know favours works.

Everybody in The Bahamas knows FTX had everybody jumping. What they wanted they got. We've seen it time and time again with rich foreigners. Nygard for example also had carte blanche. I think Ray is correct. They were working hard to make friends of anyone with regulatory control

They should not go away. Their skills should be focused on mentoring.