Wow! What a cautionary message to come from the CEO of a bank that a few years ago transformed itself from a lower-profit mortgage lending institution to a higher-profit consumer lending institution.

We can only assume Mr. Bowe sees very little opportunity for his bank to grow its book of consumer loans and, instead, is very much concerned about potential significant losses on the horizon for his bank's existing consumer loan portfolio. I guess the big question is: Is Mr. Bowe going to cut his bank's near-term profit forecast yet again?

And if Fidelity Bank is feeling pain, one can only begin to imagine the great pain that Commonwealth Bank must be feeling.

And The Tribune, having locked @tribanon out of this website was probably unaware until now that @tribanon (me) and @Well_mudda_take_sic, who has been living in Montana for several years now, are good friends. We are in fact friends from childhood who go fly fishing in Wyoming with another good Bahamian friend at least once a year. To address The Tribune's assault on our freedom of speech, etc., we now share each other's handles and passwords for this website.

Just heard a rumour from a friend here in Montana that the cyber elite within the U.S. intelligence apparatus may be flexing its muscle to show corrupt high ranking former and current Bahamian government officials just how easy it is for the U.S. government to shutdown our entire banking system. This RBC incident could well be a threatening message from the U.S. government of things to come if The Bahamas does not 'play ball' in accommodating reasonable demands made by John Ray III for information he needs in connection with his ongoing efforts to recover what was embezzled (stolen) by SBF and his cohorts from FTX customers.

The scale of Mr. Ray's investigatory powers and resources are enormous given that they are now regarded by the Republicans who will be controlling the U.S. House of Reps to be multi-jurisdictional. A small rural bank that FTX/Deltec purchased in Spokane, Washington, which over-night blossomed into a much larger bank, has been found by Mr. Ray to have most unusual ties to the majority owner of Deltec Bank in The Bahamas with tentacles of its operations spanning to Turks & Caicos, the BVI and Hong Kong, among other jurisdictions.

In another Tribune news story today, damian williams, us Attorney for the Southern District of New York, was quoted as saying *"Sam Bankman-Fried’s arrest on Monday was dictated by law enforcement as opposed to any other considerations, including his scheduled testimony in Congress on Tuesday."*

That's about as laughable as it gets given that Damian Williams' credibility is well known to be on par with the likes of our very own Alfred Sears.

A/K/A Well_mudda_take_sic

Unreliable electricity from a bankrupt BPL, combined with failing internet service providers like Cable Bahamas and BTC, do not permit total reliance and dependence on online banking services.

Not even in the much more developed countries like the U.S. and Canada are individuals and businesses forced to rely exclusively on online banking services in the way that CIBC FirstCaribbean is proposing.

This recent melt-down in RBC's online banking system is the very reason why our Minister of Finance and Central Bank should be insisting all licensed commercial banks maintain an adequate number of properly staffed and located bricks and mortar branches commensurate with the footprint and size of their book of banking business in The Bahamas.

This is all just common sense.

You can bet SBF has an 'insurance policy' that he put in a safe place in the cloud, the release of which his U.S. lawyers will be negotiating with John Ray III and trustworthy elements of U.S. law enforcement authorities in exchange for less prison time after extradition to the U.S. You can also bet that insurance policy heavily implicates many current and former high ranking political figures, both in The Bahamas and in the U.S.

Slop buckets, maggots, rats, cockroaches, human excrement, over-crowding, etc., will feature heavily in that movie according to Fox Business News.

Two more words closely tied to Maynard-Gibson.....Maxine Waters.

All the way from Montana:

>The Securities Commission was becoming increasingly alarmed at Mr Bankman-Fried’s failure to respond to its questions over FTX’s liquidity crunch, which had already forced the crypto exchange to suspend client withdrawals following a $6bn run, and its failed potential acquisition by rival Binance. Mr Salame’s disclosures, though, merely unnerved the Bahamian digital assets regulator even more.

In other words, all of the red flags of a massive ongoing embezzlement scheme were ignored until one of the perpetrators confessed to the existence of the fraudulent scheme. Not sure why Christina Rolle and the Bahamas Securities Commission feel they deserve a pat on the back for having ignored for so long all of the many red flags that existed in the relatively small Bahamian community before Ryan Salame decided to spill the beans.