Mr. Fitzgerald needs to pay attention to his ministry, the D- national grade average, and the disrepair of the schools he is responsible for. There are already enough " financial geniuses" in the PLP helping the PM to concoct the latest Bahamar fiasco. They don't require any assistance in pushing through this shady deal which will no doubt enrich all of those with the sticky fingers.
Regardless of the reasons, if there are any, it is a terrible thing for a man to see his son laying dead after being killed in such a brutal manner. My condolences go out to Mr. Pinder and his family in this most tragic of times. May God grant you the strength to get through your loss.
John, you can invest your money in BOB. Me, I'll take my chances with Commonwealth, Scotia ,RBC/Finco, FCB. These banks all operated in the same economic recession as BOB, and yes, experienced problems with their mortgage portfolios, due to that problem. However, none of them is saddled with hundreds of millions of politically based loans, that are for the most part under/non secured, with no real source of income to satisfy them. Most of these are B/S loans regardless of recessive or boom economic climates. Only BOB is effectively insolvent and their pipe dreams of returning to profitability, while under direction of the same Board that put them where they are, are just that, pipe dreams. If all of the local banks were in the same position, your points would be more credible, as you would be comparing apples to apples. Sure, government can make all sorts of paper transactions like Resolve, or this new concocted deal with the Chinese Bank who are supposed to take over 200 million of BOB's loan portfolio, to make things look good until election time, but the underlying fact is this bank is bankrupt, and should be closed.
They already paid the Paul who screwed up the Bank. For all of his indiscretions he was given a hefty severance package and and is now being given a consulting/senior managers post in tanother Government run scam agency. This 24 million is just the tip of the iceburg, because when the govt. sells off the 200 million in loans the the "Chinese" Bank, at what they say is 2% interest rate, there will be another big writeoff. The Chinese are not stupid and no properly run financial institution is going to buy 200 million in delinquent and non-performing loans at par. They will be lucky to get 25 cents on the dollar and will be looking at another 150 million in write offs. But don't worry the auditors of Winder et al will find a way to make the financials look great, just as they have done for the past 20 years. McQueeny is enjoying life and laughing his ass off.
Enlightening and amusing as usual Naughty. I don't think the PM can come clean on this deal. He may have gotten in waters too deep, and signed away his legacy.
Strike on, Obie. Soon you will only have Atlantis to close down, and then you and all of your blind followers will really know what unemployment means. A constructive contract, with positives for both sides is beyond the scope of the union leaders mentality in the Bahamas. It is either their way, or strike and threaten. Posturing in the press and living the"Life of Riley" off of your members union dues, really gets the job done.
Dr. Minnis, why should this deal be made clear? The original deal where Sarkis got half of Cable Beach, most of Skyline Drive, a portion of Bay Street, seventy five per cent of the Hotels on Cable Beach, for the amazing sum of $175 million, that the FNM arranged for him to borrow from Scotia Bank when it was discovered he could not come up with it, is still unclear to many of us. our governments let this man, through efforts of his Government employee, Sandy Sands, slide on casino taxes owed, utility bills (Ask BEC), and essentially gave him this property. This deal has been a mystery since day one and has had both the FNM and PLP governments mixed up in it. They should have given it to the Bahamian people, and arranged financing for a public entity, the same way they did for Sarkis. That really would have been a statement of a government for the people. This man is no hotelier, but is a deal broker, who got one hell of a deal. No Bahamian would ever get that kind of support from Government. Now we have the element of the Chinese involved in this. Even Confucious could not figure this crap out.
Pubilus, you stole the words right out of my mouth. We will never be told the truth on this, but will discover it when the New Legal Chinese population catches up with the Haitian population. We will soon be third class citizens.
Some one told me that Rolle recently purchased property on the beach out west. No Zika there I suppose. Pinewood has been a swamp ever since LOP allowed Arawak homes to develop it without proper drainage. It is a disgrace, yet the residents still vote PLP. Better buy plenty Off, cause the Department of Environmental Services and the Ministry of Health are not going to help. Don't worry though, Wilchcombe is saying that everything is okay for the tourists, because we have this thing under control, so you really have nothing to worry about. Those under- reported Zika cases are imaginary. You all are safe. Mosquitoes don't bite in central a/c like Wilson, Rolle, et al have in their homes, and generators when our efficient BPL decide to load shed. Carry on smartly.
Sure he will come up with a story about how effectively we are dealing with the situation for the tourists, but will any of it be true? The southern and western areas of New Providence are infested with mosquitoes, and unless their vector control units are invisible, they don't exist.
alfalfa says...
Mr. Fitzgerald needs to pay attention to his ministry, the D- national grade average, and the disrepair of the schools he is responsible for. There are already enough " financial geniuses" in the PLP helping the PM to concoct the latest Bahamar fiasco. They don't require any assistance in pushing through this shady deal which will no doubt enrich all of those with the sticky fingers.
On Fitzgerald surprised at Baha Mar concerns
Posted 31 August 2016, 4:42 p.m. Suggest removal
alfalfa says...
Regardless of the reasons, if there are any, it is a terrible thing for a man to see his son laying dead after being killed in such a brutal manner. My condolences go out to Mr. Pinder and his family in this most tragic of times. May God grant you the strength to get through your loss.
On Pinder tells of seeing son dead in driveway
Posted 31 August 2016, 4:33 p.m. Suggest removal
alfalfa says...
John, you can invest your money in BOB. Me, I'll take my chances with Commonwealth, Scotia ,RBC/Finco, FCB. These banks all operated in the same economic recession as BOB, and yes, experienced problems with their mortgage portfolios, due to that problem. However, none of them is saddled with hundreds of millions of politically based loans, that are for the most part under/non secured, with no real source of income to satisfy them. Most of these are B/S loans regardless of recessive or boom economic climates. Only BOB is effectively insolvent and their pipe dreams of returning to profitability, while under direction of the same Board that put them where they are, are just that, pipe dreams. If all of the local banks were in the same position, your points would be more credible, as you would be comparing apples to apples.
Sure, government can make all sorts of paper transactions like Resolve, or this new concocted deal with the Chinese Bank who are supposed to take over 200 million of BOB's loan portfolio, to make things look good until election time, but the underlying fact is this bank is bankrupt, and should be closed.
On BoB rocked by new $24m loss
Posted 30 August 2016, 9:34 a.m. Suggest removal
alfalfa says...
They already paid the Paul who screwed up the Bank. For all of his indiscretions he was given a hefty severance package and and is now being given a consulting/senior managers post in tanother Government run scam agency. This 24 million is just the tip of the iceburg, because when the govt. sells off the 200 million in loans the the "Chinese" Bank, at what they say is 2% interest rate, there will be another big writeoff. The Chinese are not stupid and no properly run financial institution is going to buy 200 million in delinquent and non-performing loans at par.
They will be lucky to get 25 cents on the dollar and will be looking at another 150 million in write offs. But don't worry the auditors of Winder et al will find a way to make the financials look great, just as they have done for the past 20 years. McQueeny is enjoying life and laughing his ass off.
On BoB rocked by new $24m loss
Posted 29 August 2016, 5:27 p.m. Suggest removal
alfalfa says...
Enlightening and amusing as usual Naughty.
I don't think the PM can come clean on this deal.
He may have gotten in waters too deep, and signed away his legacy.
On A COMIC'S VIEW: Christie’s Baha Mar deal leaves a sour taste in the mouth
Posted 27 August 2016, 4:08 p.m. Suggest removal
alfalfa says...
Strike on, Obie. Soon you will only have Atlantis to close down, and then you and all of your blind followers will really know what unemployment means.
A constructive contract, with positives for both sides is beyond the scope of the union leaders mentality in the Bahamas. It is either their way, or strike and threaten. Posturing in the press and living the"Life of Riley" off of your members union dues, really gets the job done.
On Union chief tones down strike threat
Posted 26 August 2016, 4:20 p.m. Suggest removal
alfalfa says...
Dr. Minnis, why should this deal be made clear? The original deal where Sarkis got half of Cable Beach, most of Skyline Drive, a portion of Bay Street, seventy five per cent of the Hotels on Cable Beach, for the amazing sum of $175 million, that the FNM arranged for him to borrow from Scotia Bank when it was discovered he could not come up with it, is still unclear to many of us. our governments let this man, through efforts of his Government employee, Sandy Sands, slide on casino taxes owed, utility bills (Ask BEC), and essentially gave him this property. This deal has been a mystery since day one and has had both the FNM and PLP governments mixed up in it. They should have given it to the Bahamian people, and arranged financing for a public entity, the same way they did for Sarkis. That really would have been a statement of a government for the people. This man is no hotelier, but is a deal broker, who got one hell of a deal. No Bahamian would ever get that kind of support from Government. Now we have the element of the Chinese involved in this. Even Confucious could not figure this crap out.
On FNM leader calls for more clarity over deal
Posted 26 August 2016, 2:55 p.m. Suggest removal
alfalfa says...
Pubilus, you stole the words right out of my mouth. We will never be told the truth on this, but will discover it when the New Legal Chinese population catches up with the Haitian population. We will soon be third class citizens.
On Govt: No citizenships offered
Posted 26 August 2016, 2:36 p.m. Suggest removal
alfalfa says...
Some one told me that Rolle recently purchased property on the beach out west. No Zika there I suppose. Pinewood has been a swamp ever since LOP allowed Arawak homes to develop it without proper drainage. It is a disgrace, yet the residents still vote PLP. Better buy plenty Off, cause the Department of Environmental Services and the Ministry of Health are not going to help. Don't worry though, Wilchcombe is saying that everything is okay for the tourists, because we have this thing under control, so you really have nothing to worry about. Those under- reported Zika cases are imaginary. You all are safe. Mosquitoes don't bite in central a/c like Wilson, Rolle, et al have in their homes, and generators when our efficient BPL decide to load shed. Carry on smartly.
On Pinewood residents reassured over case of Zika virus in the community
Posted 25 August 2016, 6:03 p.m. Suggest removal
alfalfa says...
Sure he will come up with a story about how effectively we are dealing with the situation for the tourists, but will any of it be true? The southern and western areas of New Providence are infested with mosquitoes, and unless their vector control units are invisible, they don't exist.
On Tourism chief to show efforts in fighting Zika
Posted 25 August 2016, 12:01 p.m. Suggest removal