Comment history

Well_mudda_take_sic says...

Clamshell is right given the lag times we saw after 9-11 Twin Towers attack and 2008/2009 housing/banking financial crisis. But there are even greater unprecedented uncertainties associated with this Red China Virus crisis.

Well_mudda_take_sic says...

You only have the very greedy Sir Snake to blame for that anomaly.

On BPL finances ‘more perilous every day’

Posted 17 April 2020, 4:39 p.m. Suggest removal

Well_mudda_take_sic says...

Are you kidding! The only one that would benefit at the end of the day is Sir Snake.

On BPL finances ‘more perilous every day’

Posted 17 April 2020, 4:38 p.m. Suggest removal

Well_mudda_take_sic says...

S&P analysts, Jennifer Love and Julia Smith. What do they know?

Politely tell all of the rating agencies to piss-off while doing everything possible to avoid increasing our foreign currency denominated borrowings.

Government employees must be made to take deep pay cuts no matter how much it may infuriate the shareholders of the banks with large consumer loan portfolios like Commonwealth Bank and Fidelity Bank which rely on direct loan repayments through payroll deductions via the government's payroll system.

On S&P: Bahamas to shrink by 16%

Posted 17 April 2020, 4:34 p.m. Suggest removal

Well_mudda_take_sic says...

...ditto all 3 my friend....

Well_mudda_take_sic says...

In one breath Turnquest says:

> “Again, we have to continue to rob Peter to pay Paul. It’s just the reality of where we are, and whenever you’re in those circumstances it’s uncomfortable but that does not mean the liability goes away. It means you defer it, and that’s always an uncomfortable position to be in.”

And then in the next breath he says:

> “The Government of The Bahamas has not put forth any proposal or recommendation for a reduction in the public service payroll. It is unfortunate that the leader of the Opposition has sought to add additional anxiety to a country that is already fearful of the health crisis, and what that may mean for their families, as well as the financial crisis."

Why should lowly paid private sector employers and employees (the so called "Peters") lose their businesses and jobs, and at the same time be robbed by government so that government can continue to pay the very privileged government employees (the so called "Pauls") their full pay and full benefits? Why shouldn't elected officials and all government employees be made to fairly share in the severe pain of this grave economic crisis by incurring at least a 50% pay cut? And the same goes for the management teams and employees of all taxpayer subsidized government corporations, SPVs, etc.

Both Minnis and Turnquest need to quickly put petty politics aside and accept the harsh reality, as Brave Davis already does, that now is not the time to play political games and try 'buy' voter support. Government employees (most of whom are no longer working) must be made to shoulder their fair share of the pain in this most severe economic crisis. That's just plain financial common sense.

If Minnis and Turnquest are so concerned about the resulting impact in the loss of spending power in the local economy, then let them arrange for the truly needy who have lost their jobs and have no income at all to receive the financial help they deserve by reducing the government payroll in a a big and meaningful way.

Minnis and Turnquest must accept that no financial pain for the civil work force means no gain for the country, and possibly risks triggering explosive discontentment born out of great unfairness. The sooner they begin wearing their thinking caps the better, because the clock is all too quickly down on meaningful measures that can still be taken in an orderly way.

On Govt ‘taking from Peter to pay Paul’

Posted 17 April 2020, 3:55 p.m. Suggest removal

Well_mudda_take_sic says...

Just think how plentiful and bountiful our foreign currency reserves would be today if our incompetent governments (dumber than dumb politicians) had not borrowed and wasted so much money over the past 30+ years by blindly following the very many foolish recommendations of the IDB that were not at all suitable or appropriate for a country like the Bahamas. The elitist global bureaucrats within the IDB have perfected the means (their business model) by which they go about capitalizing on the stupidity of our incompetent elected officials and permanent secretaries in order to drum up business for the IDB's true stakeholders while at the same hocking our country in debt to pay for the worthless services and studies done by those very same true stakeholders in the IDB.

For decades now our dumber than dumber elected and other senior government officials have looked to and relied on the IDB for advice and support on how to govern the affairs of our country. And look where that has gotten us today.......we have a mountain of unsustainable debt, insufficient foreign currency reserves (to support the Bahamian dollar) and limited tools and options available to cope with a prolonged economic crisis situation. The irony is, the very same IDB that played such a big role in digging the deep financial hole we find ourselves in, is the very same IDB that now comes riding on its high horse claiming they know all about our current financial woes and therefore are well suited to play a big role in helping us work through solutions to them. Now if that isn't one hell-of-a big joke! The only bigger joke would be if the clowns governing our country take the bait and thereby allow the IDB to complete its mission of financially destroying our country so that its true foreign stakeholders can swoop in like vultures and acquire what remains of our natural assets at fire sale prices. Of course their foreign stakeholders would then also have access to a cheap pool of labour in the form of the Bahamian as slaves once again.

On Bahamas holding off debt cost pressures

Posted 17 April 2020, 12:44 p.m. Suggest removal

Well_mudda_take_sic says...

I always worry about one of Kwasi's eyes plopping out of his head and rolling around on the table in front of him like a marble. Much like I did with Ingraham's eyes when he was PM, except of course Ingraham had jumbo size shooter marbles in his giant size head, each one of which might have crushed a foot of his if it plopped out.

On Thompson: Programmes helping to ease pain

Posted 17 April 2020, 11:59 a.m. Suggest removal

Well_mudda_take_sic says...

Good one! And no doubt all too true.

On Law firms line up layoffs

Posted 17 April 2020, 11:51 a.m. Suggest removal

Well_mudda_take_sic says...

And those small environmentally friendly vessels should all be exclusively reserved for Bahamian ownership as oppose to ownership by greedy foreign interests who are only too quick to beg us for outrageously generous concessions while repatriating all of their very handsome profits to their home countries. Minnis, D'Aguilar and Bethel must all be either dumb as _ _ _ _ _ _ _ or corrupt as _ _ _ _ _ _ _ !

On 'Flags of convenience are over'

Posted 17 April 2020, 11:40 a.m. Suggest removal