Gated community doesnt equal bad, but historically and generally speaking, we've been one of those exotic locations where criminals appear to flee with their loot to avoid detection, enjoy the ill gotten gains and basically run the island apparently. And they never opt to live in Bain Town or Winton
Unsure how many people is "*that many*" as the numbers given only state 100 asked to have records expunged and 80 applicants were accepted. Could it mean 200 people showed up? Unclear. If it was 200, they should have referenced the past job fair numbers from the labour department to prepare, there are thousands looking for work, 200 would be a low number.
This is confusing, what is meant by destruction of borrower files? Was there a policy to discard files after a loan was paid off or was this the destruction of active loan info? Doesnt the law require you to keep at minimum 7 years of data? I'm not certain if this is restricted to financial institutions but its definitely for anyone involved in consumer loan programs
"*said Mr Salame had worked on plans to both monetise this nation’s carbon sinks - and protect its seagrass and mangroves - via carbon credits.*"
I wonder what would have happened to the carbon credits money. Would the platform have been any different than the platforming *securing* FTX clients funds? I also wonder how we got to appoint Salame as the key partner on an environmental issue but no Joe Darville or Sam Duncombe in the conversation. $$$$.
I think Bahamians as a body are digitally illiterate, not to denigrate, but that's the fact. And alot of these investors are fully aware of that fact. When was the last time you heard someone talk about how theyll revolutionize anything with blockchain? No? Because the new term nobody understands but everybody uses is "AI", it sounds cool and cutting edge.
"*The charges also focused on Salame donating to the 2022 congressional campaign of his then-girlfriend, Michelle Bond. Reports suggested he also made campaign contributions on behalf of a corporation, violating U.S. law.*" -cointelegrah.com
Funds for political contributions allegedly came from Alameda Research. Also allegedly, Alameda Research's funds came from Sam taking FTX clients funds and diverting them to his girlfriend running Alameda for trading purposes. Alameda is where all the losses occurred. Ryan was also loaned 55 million from Alameda
It doesnt look like anyone had clean hands or principles. It may just have been greed as opposed to deliberate attempts at fraud. In the end the outcome is the same.
"*well-placed sources told Tribune Business on condition of anonymity that the total overcharged sum could amount to $500,000 or possibly be even higher given the uncertainty created by the destruction of borrower files.*"
"*Baker Tilly Gomez, to conduct an independent examination focused on interest calculations during the period 2019 to 2023. The examination confirmed that Auto H & L was in breach of the Rate of Interest Act and a final report was provided to Auto H & L in January 2024.”*
"*Auto H & L was one of its licensees under the Financial and Corporate Service Providers Act 2020.*"
So the Auto H&L was a liscense as of 2020, but going back to 2019 to 2023 they were charging customers in excess of the max interest rate allowed by law, looks like 20%(?) . for 4 years...they were overcharging. and nobody knew.
The question is who finally alerted the Commission that something that they had oversight of had a serious issue?
Nobody is "against" a hospital, just as no one was "against" us hosting Carifta. What we saw however that left to their own devices money gets spent to tune of millions on completely unnecessary and unrelated items. The Carifta LOC spent 6million in excess on a meet that was last costed at 500,000. **That** is what the questions are about, are we getting quality and value for money and are we sure we wont build this thing and end up with a building that cant be used for decades.. like the national security building. Have they planned properly and exercised their fiduciary duty to assure us of that? Seeing as they cant even answer a question about traffic
"*Minister Dr Michael Darville emphasised in response that the project will involve “a combination of foreign and Bahamian labour”.*
Nobody believes this. Not the way Darville wants us to interpret it. Recall that John Pinder couldnt even tell us if 30% of the labour at the Pointe was Bahamian. And for the majority of the project, there were clearly no Bahamians with exception of the security guard
"*Philip “Brave” Davis asked yesterday if “naysayers” ar.. I know that they are confused,” he said, “and they are baffled...*"
This is not a leader.
The correct response would be to allay fears, not to make those in opposition public enemy number one. And having sat as a part of the official opposition in this country, Mr Davis should be well aware that the story we are told from Parliament, very often has layers and layers of what we're not told.
The Bahamian people are correct to take their fate in th eff ir own hands and ask what for the meaning of "*the*", "*is*", "*should*", "*would*", "*may*" and on and on. We have been bamboozled over and over again.
Please ask Jerome Fitzferald again why he couldnt tell cancer patients in Old Trail that theyd been bathing in toxic gas for years
ThisIsOurs says...
Gated community doesnt equal bad, but historically and generally speaking, we've been one of those exotic locations where criminals appear to flee with their loot to avoid detection, enjoy the ill gotten gains and basically run the island apparently. And they never opt to live in Bain Town or Winton
On Bahamians defend local FTX’s former principal
Posted 17 May 2024, 2:46 a.m. Suggest removal
ThisIsOurs says...
"*We were not expecting that many people,”*
Unsure how many people is "*that many*" as the numbers given only state 100 asked to have records expunged and 80 applicants were accepted. Could it mean 200 people showed up? Unclear. If it was 200, they should have referenced the past job fair numbers from the labour department to prepare, there are thousands looking for work, 200 would be a low number.
On Over 100 people apply to have their police record expunged at job fair
Posted 17 May 2024, 2:37 a.m. Suggest removal
ThisIsOurs says...
"***destruction of borrower files**"
This is confusing, what is meant by destruction of borrower files? Was there a policy to discard files after a loan was paid off or was this the destruction of active loan info? Doesnt the law require you to keep at minimum 7 years of data? I'm not certain if this is restricted to financial institutions but its definitely for anyone involved in consumer loan programs
On Auto H & L borrowers hit by excess interest
Posted 17 May 2024, 2:23 a.m. Suggest removal
ThisIsOurs says...
"*said Mr Salame had worked on plans to both monetise this nation’s carbon sinks - and protect its seagrass and mangroves - via carbon credits.*"
I wonder what would have happened to the carbon credits money. Would the platform have been any different than the platforming *securing* FTX clients funds? I also wonder how we got to appoint Salame as the key partner on an environmental issue but no Joe Darville or Sam Duncombe in the conversation. $$$$.
I think Bahamians as a body are digitally illiterate, not to denigrate, but that's the fact. And alot of these investors are fully aware of that fact. When was the last time you heard someone talk about how theyll revolutionize anything with blockchain? No? Because the new term nobody understands but everybody uses is "AI", it sounds cool and cutting edge.
On Bahamians defend local FTX’s former principal
Posted 16 May 2024, 6:26 p.m. Suggest removal
ThisIsOurs says...
"*The charges also focused on Salame donating to the 2022 congressional campaign of his then-girlfriend, Michelle Bond. Reports suggested he also made campaign contributions on behalf of a corporation, violating U.S. law.*"
-cointelegrah.com
Funds for political contributions allegedly came from Alameda Research. Also allegedly, Alameda Research's funds came from Sam taking FTX clients funds and diverting them to his girlfriend running Alameda for trading purposes. Alameda is where all the losses occurred. Ryan was also loaned 55 million from Alameda
It doesnt look like anyone had clean hands or principles. It may just have been greed as opposed to deliberate attempts at fraud. In the end the outcome is the same.
On Bahamians defend local FTX’s former principal
Posted 16 May 2024, 6:20 p.m. Suggest removal
ThisIsOurs says...
"*well-placed sources told Tribune Business on condition of anonymity that the total overcharged sum could amount to $500,000 or possibly be even higher given the uncertainty created by the destruction of borrower files.*"
"*Baker Tilly Gomez, to conduct an independent examination focused on interest calculations during the period 2019 to 2023. The examination confirmed that Auto H & L was in breach of the Rate of Interest Act and a final report was provided to Auto H & L in January 2024.”*
"*Auto H & L was one of its licensees under the Financial and Corporate Service Providers Act 2020.*"
So the Auto H&L was a liscense as of 2020, but going back to 2019 to 2023 they were charging customers in excess of the max interest rate allowed by law, looks like 20%(?) . for 4 years...they were overcharging. and nobody knew.
The question is who finally alerted the Commission that something that they had oversight of had a serious issue?
On Auto H & L borrowers hit by excess interest
Posted 16 May 2024, 3:52 p.m. Suggest removal
ThisIsOurs says...
Nobody is "against" a hospital, just as no one was "against" us hosting Carifta. What we saw however that left to their own devices money gets spent to tune of millions on completely unnecessary and unrelated items. The Carifta LOC spent 6million in excess on a meet that was last costed at 500,000. **That** is what the questions are about, are we getting quality and value for money and are we sure we wont build this thing and end up with a building that cant be used for decades.. like the national security building. Have they planned properly and exercised their fiduciary duty to assure us of that? Seeing as they cant even answer a question about traffic
On Are ‘naysayers’ aware of the state of healthcare in Nassau, asks Davis
Posted 16 May 2024, 12:24 p.m. Suggest removal
ThisIsOurs says...
"*Minister Dr Michael Darville emphasised in response that the project will involve “a combination of foreign and Bahamian labour”.*
Nobody believes this. Not the way Darville wants us to interpret it. Recall that John Pinder couldnt even tell us if 30% of the labour at the Pointe was Bahamian. And for the majority of the project, there were clearly no Bahamians with exception of the security guard
On Are ‘naysayers’ aware of the state of healthcare in Nassau, asks Davis
Posted 16 May 2024, 10:19 a.m. Suggest removal
ThisIsOurs says...
"*Philip “Brave” Davis asked yesterday if “naysayers” ar.. I know that they are confused,” he said, “and they are baffled...*"
This is not a leader.
The correct response would be to allay fears, not to make those in opposition public enemy number one. And having sat as a part of the official opposition in this country, Mr Davis should be well aware that the story we are told from Parliament, very often has layers and layers of what we're not told.
The Bahamian people are correct to take their fate in th eff ir own hands and ask what for the meaning of "*the*", "*is*", "*should*", "*would*", "*may*" and on and on. We have been bamboozled over and over again.
Please ask Jerome Fitzferald again why he couldnt tell cancer patients in Old Trail that theyd been bathing in toxic gas for years
On Are ‘naysayers’ aware of the state of healthcare in Nassau, asks Davis
Posted 16 May 2024, 10:17 a.m. Suggest removal
ThisIsOurs says...
"Young" has zero correlation to good leadership, neither does "old".
On Pintard is not young generation
Posted 15 May 2024, 2:52 p.m. Suggest removal