I suspect part of what happened here was both sides negotiated a way forward and this statement was part of the deal. You dont like it, but you decide not to die on that hill, there's a bigger battle to get to. I'll wait for the filing of the *slander* suit against John Ray and the follow through to trail completion... along with the police presenting the stolen Oban files
**The SCB appears to have failed in their function as a regulator for FTX, they appear to have functioned entirely in a compliance role**, *do we have all the registration documents? Did all the exec's sign in the right place?* etc. Its the window dressing, necessary, but still window dressing. **This is clear from the Central Bank's statement 2 weeks ago. The Central Bank said in black and white, they *will step in to fill the GAPS left by the DARE Act*. The major gap they specifically identified was "Risk Management", well for an investment platform, risk management is the ball and chain, if you're not doing that exactly what were you regulating? The answer is "nothing", i.e. Sam calculating margins by himself in a corner**
"*Bowe, writing in a social media post seen by this newspaper, said: “Many organisations in The Bahamas, including the Government, are refusing to accept cash payments. This is illegal. Bahamian cash in The Bahamas is legal tender. If you are conducting legal business in The Bahamas, you must accept cash as payment. The Government of The Bahamas and its agencies must desist from this behaviour.*
I believe what we're seeing is digitization programs throughout the country spearheaded by people who dont understand digitization. Up to thd Intl Food festival mishap, the central bank was indeed full speed ahead on a misguided path to total cash elimination
"*January 2, Prime Minister Phillip Davis said the government was hoping to launch a youth guard programme, which intends to capture the youth to build the communities and to help reduce the effects of crime.*"
I sincerely hope they will not try to turn this into a scare them straight or military torture them straight. It will fail. Your strategies should be based on research in the area of reform and on programs that have worked for similar communities and do not psychologically scar young people
Have they defended him? I read things like the biggest financial fraud ever, I've even heard people allude to the *I didnt know I was committing a crime* as an orchestrated defence strategy.
As to the Bahamas, if you is a small theif you can't claim innocence and get mad if people confuse you with a big theif
ThisIsOurs says...
Comments open on a PLP dispute...
On Mitchell blasted by Dame Marguerite
Posted 10 January 2023, 5:40 p.m. Suggest removal
ThisIsOurs says...
"*Mitchell told The Tribune he has no idea why she was upset, but she is entitled to her views.*"
Typical male, *I'm dumbfounded/crazy, hysterical woman talking out her head* response
On Mitchell blasted by Dame Marguerite
Posted 10 January 2023, 5:39 p.m. Suggest removal
ThisIsOurs says...
I suspect part of what happened here was both sides negotiated a way forward and this statement was part of the deal. You dont like it, but you decide not to die on that hill, there's a bigger battle to get to. I'll wait for the filing of the *slander* suit against John Ray and the follow through to trail completion... along with the police presenting the stolen Oban files
On FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures
Posted 10 January 2023, 4:06 a.m. Suggest removal
ThisIsOurs says...
"*The Securities Commission may have done the right thing with regards to the collapse of FTX*
This is like giving the security guard an award for locking the doors a year later after the robbers escape **undetected** with 90% of the money
On FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures
Posted 10 January 2023, 3:59 a.m. Suggest removal
ThisIsOurs says...
**The SCB appears to have failed in their function as a regulator for FTX, they appear to have functioned entirely in a compliance role**, *do we have all the registration documents? Did all the exec's sign in the right place?* etc. Its the window dressing, necessary, but still window dressing. **This is clear from the Central Bank's statement 2 weeks ago. The Central Bank said in black and white, they *will step in to fill the GAPS left by the DARE Act*. The major gap they specifically identified was "Risk Management", well for an investment platform, risk management is the ball and chain, if you're not doing that exactly what were you regulating? The answer is "nothing", i.e. Sam calculating margins by himself in a corner**
On FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures
Posted 10 January 2023, 3:54 a.m. Suggest removal
ThisIsOurs says...
I see another firm talking about mortgage backed securities. I'm **very** skeptical
On CLICO victims: Don’t forget our $35m need
Posted 9 January 2023, 4:43 p.m. Suggest removal
ThisIsOurs says...
"*Bowe, writing in a social media post seen by this newspaper, said: “Many organisations in The Bahamas, including the Government, are refusing to accept cash payments. This is illegal. Bahamian cash in The Bahamas is legal tender. If you are conducting legal business in The Bahamas, you must accept cash as payment. The Government of The Bahamas and its agencies must desist from this behaviour.*
I believe what we're seeing is digitization programs throughout the country spearheaded by people who dont understand digitization. Up to thd Intl Food festival mishap, the central bank was indeed full speed ahead on a misguided path to total cash elimination
On FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures
Posted 9 January 2023, 4:24 p.m. Suggest removal
ThisIsOurs says...
"*January 2, Prime Minister Phillip Davis said the government was hoping to launch a youth guard programme, which intends to capture the youth to build the communities and to help reduce the effects of crime.*"
I sincerely hope they will not try to turn this into a scare them straight or military torture them straight. It will fail. Your strategies should be based on research in the area of reform and on programs that have worked for similar communities and do not psychologically scar young people
On FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures
Posted 9 January 2023, 3:16 p.m. Suggest removal
ThisIsOurs says...
oops
On FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures
Posted 9 January 2023, 11:28 a.m. Suggest removal
ThisIsOurs says...
Have they defended him? I read things like the biggest financial fraud ever, I've even heard people allude to the *I didnt know I was committing a crime* as an orchestrated defence strategy.
As to the Bahamas, if you is a small theif you can't claim innocence and get mad if people confuse you with a big theif
On 'The money is gone': Bahamas tries to turn page after FTX (Associated Press)
Posted 9 January 2023, 9:28 a.m. Suggest removal