Elizabeth Warren on the case. Everything coming to light. Should have come clean from last week. This gonna be a mess highlighting our banana manipulating republic

Could he have been promised "safety" if he restored select customers.? of course they have to power to promise him that. I expect to see Sam working for the FBI soon

Ray not "Wang"

I believe we're on the cusp of hearing about some weird goings on at the cocktail parties. Remember Sam said he was ordered by the regulators to pay back money to Bahamian clients? Then the SC came out and said they never gave such an order! This Ray guy says "a state actor" appears to have authorized the withdrawals. I een see the documents he see, but what I saw was Sam doesnt appear to be devious, and was it in the realm of possibilities that someone from the Blue House called and said give so and so their money. I notice the police open an investigation but een speak to a single person yet. Blue House orders again I suspect

Btw, have you noticed parliament suddenly working on all the issues we've been asking about. I wouldnt be surprised if they bulldozed all the shanty towns tomorrow

I have to repeat this from @kapunkleup, almost fell out of my chair when I heard Juan McCartney read it

"***From compromised systems integrity and faulty regulatory control abroad to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”***

We could fool ourselves however we want and spin a story for our people to hear. The data will always tell the story. Less than 24hrs after our PM told parliament they could find no fault with the regulatory procedures. Maybe he meant what was written on paper as to be done but not necessarily what was actually done

I kept saying over and over again **this has nothing to do with crypto and complexity**. This is ALL about what a group of extremely rich kids were allowed to get away with in the Bahamas. My first question when I heard the statement, "*I miscalculated the margins*" was, where was the Risk Manager. And the Securities Commission "*did everything possible*"?? ** This guy took 2 days to come to this conclusion, "regulation abject failure". BEC's entire board was fired for much much less**

This mess is not about crypto currency, this mess is about a bunch of college kids with alot of money who were allowed to do whatever they want. Now monkey putting question to he ma

Did anybody hear the Juan Talkie show as Tal calls it?

Pirates restored! And Im not talking about Sam.

If you recall Sam made a statement that as per regulators he was asked to restore Bahamian customers. The securities commission then said they did not give any such order.

Here was my comment on that a few days ago:
"*Somebody in power, not necessarily "the regulators", told him to do this. He didnt do this on air. He wanted people to know he was following instructions*"

**I will say over and over all the data is there, this talk about nobody could have known and backdoor and we did everything possible and who could possibly understand this etc etc... its there for everyone to see. CZ took 24 hours to see it, John Wang(?) is it, took 2 days to see it and concluded:**

"**this was the worst violation of regulatory controls he'd ever seen in all his experience overseeing liquidation of complex structures**

All I have to say is boards have been fired for less. Brave Davis needs to revisit his statement about all regulatory controls being in order. He also needs to reconsider this Bahamian clients first... they talking about "actions" by a "**state actor**" now.

So the govt was looking at launching this carbon credit token. Possibly buoyed by the billions Sam was making off of the FTT tokens that had no basis in reality, it was in fact monopoly money.

Carbon credit tokens is also monopoly money will people pay especially after FT. Well...

I "believe" (from brief searches) the thinking is carbon sinks are good for the planet. One of the best carbon sinks on the planet is sea grasses said to be 35% times more efficient at absorbing carbon dioxide than rainforests of equal size. The Bahamas has one of the largest seagrass beds in the world. So break that into logical units and create a token for each unit and sell it. Countries and investors around the world should have a vested interest in paying us to keep that area healthy.

From oceanconversation.org these are the ways to keep seagrass healthy or at least the main threats which you try to minimize

"*decline – The International Union for the Conservation of Nature (IUCN) estimated in 2014 that **seagrasses are declining by 7% a year globally. This estimate makes it the fastest disappearing habitat on the planet**. In the UK alone, we are losing around 500 hectares of seagrass meadows every year.*
*Human impact – The biggest issues facing seagrass habitats come from human impacts, due to **physical disturbances, such as boats anchoring and destructive fishing activity**, as well as **degradation of water quality due to sewage** and agricultural run-off.*
*Seagrass location – One of the key issues is that boat users don’t know where the seagrass meadows are and therefore don’t realise the harm is being done to them when anchoring or fishing.*

So where are the seagrasses located, what state are they in, are they in decline or maintaining healthy growth, from the nassau guardian the govt has a firm conducting studies to answer those questions. Now are they in danger of harmful human contact from bahamian fishing, poachers, cruise ships and what about oil drilling? Can a Bahamian govt root out corrupt actors who could get paid gazillions to let cruise ships dump waste or the Chinese to start a massive seagrass or mother boat fishing exercise? Can we be noncorruptable? What about oil drilling will we take a bird in the hand? What about oil spills can we regulate an oil drilling industry?

I think once again theyre creating a rosy picture without any understanding of the risks. Remember from this day avoid any more "*who could have known?*" scenarios at all costs. So what happens to these tokens if the seagrass suddenly starts dying? Remember "*are declining by 7% per year*", 7 into 100 is ~14 years, 2038. Do we have a plan to 2123 and not just a get rich quick scheme for "*the boys*". Theres alot you need to tell the Bahamian people beyond "*we could make millions*"

And where is the Bahamian team to start running this monitoring effort in 30years and forever? No 100 year contracts and no promises to train Bahamians. A "plan".