"*His money should be no good here.*"

As George Smith famously said "*why does it matter how you made your money?*" And as billionaire Nygard said "*it's our country now*". And as the chief executive of Albany said ~"*we invested, stay out of our business*"

*His money should be no good*?? You dont know the Bahamas government.

"*Mr Hobbs continued: “A lot of us in the industry saw this a long time ago. I got out of FTT tokens in mid-April.*

*There was something weird going on with FTX and Alameda. There was too much weird stuff going on. It didn’t feel right. I told people on my own team about it. I have some people on my team who have got hurt because they still have FTT tokens.”*

So this guy who was on the outside had no access to financial reporting or compliance documents could see it but the securities commission who had access to internal reports didn't? I'm not sure its appropriate for the regulator to be standing next to the investor at this ground breaking ceremony... too much cheerleading

I wholeheartedly agree. There are some things that the regulator should spearhead in the interest of the public one of which is customer harassment. Each utility should have a do not call list. Noone should be able to send a broadcast message to my phone either. Ive noticed unsolicited messages coming from private companies that I am not a customer of.

The only part I have an issue with is "nearing" 100% debt to GDP, a financial expert yold me 8 years ago we were over 100% debt to GDP. fancy accounting

Where have you been? or maybe youre hung up on citizenship as opposed to residency

It didnt sneak in anywhere. On this platform Ive made multiple analogies between crypto and the 2008 global financial crisis.. waaaaay before FTX even got here. The oodles and oodles of money that people made playing this brand new sexy security called a "derivative", then poof, as they say, the tide went out and everybody was naked, Obama was bailing out the 5 big banks and massive massive layoffs **globally*. And I wasnt the only one saying it. Nobody missed this. Say you didnt listen

Like Nicole it was **all** predictable. Like the 2nd coming you dont know the day and time you just know it coming.

I didnt miss the control aspect. Ive said jokingly multiple tines, well at least hinted at it, that sand dollar and crypto will be perfect for the antichrist.

Where were these million dollar homes that got all this damage? 2ft from the shoreline in "*Hurricane Alley*", elevated 1ft off the sand? **Again**, "*who could have known? who could have possibly forseen that?*"

"*Per our Bahamian HQ’s (FTX Digital Markets) regulation and regulators, we have begun to facilitate withdrawals*"

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

Lol. "*order could have been breached*". Seriously? After you knew the company was imploding and this was a risk? Appears to be the same way they "*regulated*" them

Everything we've done for the past 50 years set us up for this. Just last week I was asking where's the data that supports our *the end of the world is near* response to tropical storm, hurricane for 30secs, Nicole? And all you got in response was, *you from Nassau you dont understand*. Even today the stories continue featuring a 10x10 clapboard tin roof business building that was "*completely destroyed*". A month ago I said two things the central banks blockade of payment providers was anti innovative and the cashless craze was wrong way thinking. The data was all there. Then we had international food fest. "*who could have known?*" And that's our issue, especially with this govt that is super focused on creating good PR stories. Everybody ignores the data... reality is whatever we speak into being... and this is what you get.

**I dont buy that our regulator has clean hands. There are errors of commission and errors of ommission. How in the dickens did was this company allowed to operate as a financial institution and offer services to the public without a CFO and a Risk Manager? That's "data".**

And we been here before. Remember the NGO that probably has an operating budget under 1million but didnt notice 2 million on its accounts for months because of an accounting error? Seriously? And you had Bahamians defending them.

Brave Davis needs to stop flying around to environmental conferences giving puff speeches. This country needs someone to take it by the hands and shake out all the corruption cronyism and incompetence from our senior ranks. It's a start. Do it everywhere especially the police force and political parties. We cannot support empty suits and people incapable of doing their job. Or Sam will be the least of our worries