Comment history

banker says...

Why should Bahamians pay to market Baha Mar when Izmirlian did it for free and was getting traction until he was screwed by the Chinese and the PLP Chinese surrogates?

On $4m annual bill to market Baha Mar

Posted 1 May 2017, 10:49 a.m. Suggest removal

banker says...

Innuendo is how Italians "give it" to each other and he is "giving it" to Bahamians.

banker says...

Dat's Ivan for you!

On DNA 'will restore magic to Freeport'

Posted 30 April 2017, 6:49 p.m. Suggest removal

banker says...

Dat you, Peter?

banker says...

OKAY, here we go again. Last election cycle I got a new phone and was testing the camera. I was stopped for traffic on Shirley Street and snapped this pic of a man selling newspapers at the traffic light. Mudda sic, nothing changes. Look at the headlines from 5 years ago.

"Education Boss Denies $3M bond 'conflict'

dna gets set to split plp vote in Nth ANDROS

http://tribune242.com/users/photos/2017…

On DNA 'will restore magic to Freeport'

Posted 30 April 2017, 10:01 a.m. Suggest removal

banker says...

Last election cycle I got a new phone and was testing the camera.

Sorry disregard -- it got away from me and can't add pic. will try again.

On DNA 'will restore magic to Freeport'

Posted 30 April 2017, 9:58 a.m. Suggest removal

banker says...

Actually, saw the light years ago. Transitioning from wealth management to securities and derivatives trading (still with some family offices, but not exclusively).

The whole industry has been transitioned, but because of our insularity in the global situation, we are just realising it now. Ingraham saw the writing on the wall when we were previously blacklisted. The situation is akin to our very past when the Arawak and Lucayans tried to fight the Europeans with bows and arrows and sticks and stones. The Europeans had guns, and cannons and gunpowder. No contest. Where are the Lucayans now? Extinct. I concur that there will be no supper, but it een because we didn't throw enough stones, It is because of the thundering cannons of the OECD and G7 who started the conquest years ago. It is amazing that we lasted this long. It's very Darwinian. Smart ones adapt and ignorant ones die off.

banker says...

My uncle is doing his part to save the FNM money. He is recycling his old bumper sticker. Actually he never took it off.

http://tribune242.com/users/photos/2017…

banker says...

You are making it awfully hard for me.

banker says...

There are 35 member countries of the OECD. The only super powers not represented are Russia and China. Here is the list:

Australia
Austria
Belgium
Canada
Chile
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Israel
Italy
Japan
Latvia
Luxembourg
Mexico
Netherlands
New Zealand
Norway
Poland
Portugal
Slovakia
Slovenia
South Korea
Spain
Sweden
Switzerland
Turkey
United Kingdom
United States

The member countries are the most highly developed countries in the world, and they simple want their citizens/residents to pay their taxes to support the country. Simple. No new world order -- whatever that conspiracy theory is. No ganging up on the under-developed countries.

The bottom line is that if you have to live in proximity to a gorilla (the OECD) you can do one of two things -- you can play nice with it, or you can poke it. You choose your course of action and take the consequences.

As someone in the financial services industry, I have seen capital under management decline precipitously, and not because of OECD but rather through a spectrum of things, ranging from FATCA, to the John Doe Summons, to 9/11 terrorist funding, to the transparency of the global movement of money from criminal oligarchs and drug runners. A big part is the tightening of tax loopholes in the member countries. A billionaire that was a client of our book of business, sold everything and moved back to Europe and decided to pay taxes. It wasn't worth the hassle to complicate his life and his family's life, and daily life in the Bahamas was way too small for a man as rich as he.

Of the bankers and financial advisors under indictment from 2008 Joe Doe action on the Swiss banks, more than half of them remain fugitives from justice.

The Bahamas has always not played ball, with the highest profile case of not extraditing Viktor Kozeny - the Pirate of Prague. In the past Swindling protected Robert Vesco for large bribes.

As a country, we need to grow up, and play in the big boys league instead of penny ante in the tax evasion game. Unfortunately the world changed and we didn't recognise it, and now we can't catch up even if we wanted to remediate our financial services. Fooked.