Heaven help me, but I think that I am understanding why Prime Minister Crisco Butt made the dumb moves that he did.

First of all, Crisco Butt worships success that he craves. He would gladly swim through Phil Ruffin and Sol Kerzner's diarrhea, much like he swam through Lyndon Oscar Swindling's vomit. He loves to swim through the bodily effluvia of persons that he worships.

So when Baha Mar stalled, I do not believe that Crisco Butt was smart enough to take away the bankruptcy proceedings away from Izmirlian. That was probably the work of that hemale Attorney General, Allyson Mayonnaise Gibson (grease and eggs).

So when he was stuck with Baha Mar after the move, he consulted both Ruffin and Kerzner. Ruffin barely got out of the Bahamas unscathed, thanks to gullible Izmirlian coming along, and would probably not want anything more to do with the Bahamas, except possibly hiding some money in a nominee IBC.

Now get this. Kerzner was essentially forced out when the debt on Atlantis became untenable -- largely due to the funds borrowed to privatise it and keep it from the scrutiny of the US regulators. Don't forget that Sol started his business life in the Bahamas, because he was indicted in South Africa for bribing the president of the Republic of Transkei in South Africa.

Solly was over extended with The Palm in Dubai and Atlantis, and he has a resort/golf course in Morocco. But the big news is that Solly has just topped out a mega resort called Atlantis (Atlantis Sanya, in Hainan, China). They just topped out mid-July. Of course Sol has no money to finance it, so the Fosun group financed it and Kerzner's contribution is running it. (This is why Fosun is probably not the buyer of Baha Mar -- they don't run hotels, they prefer the brands that they invest in to run them).

Anyhoo, I'm sure that Solly talked up China with Crisco Butt, and suddenly there was light at the end of the tunnel for Crisco Butt and that tunnel wasn't obfuscated by a sphincter valve. So the answer came to him in a dream, to sell Baha Mar to a Chinese group.

Having understood why Crisco Butt does the things that he does, doesn't help. He is still a hopeless incompetent surrounded by corruption. And this Baha Mar saga een over yet.

It's all clear to anyone who can see! It's the Golden Rule -- he who has the gold, makes the rule!

The author still doesn't get it. He used the term "loyalty to Butler-Turner". In a political party, the loyalty upward should be to the leader and not a failed pretender. Ivoine is part of the problem and not the solution.

Amazing. The double taxation treaty is why Barbados gets all Canada's business.

Then again, it could actually mean more international business for Bahamian lawyers.

Do you notice that all of the criminal mugshot persons have wounds, bruises or contusions on their faces when they show up for court? Wondering if the police are "zealous" in their interrogation tactics?

Then again, the mark could be teardrops tattoo which signifies that the bearer has done prison time.

Interesting. Several things pop up here. First of all, Fosun has made a substantial investment in ClubMed among others. From my Bloomberg screen:

*Qian Jiannong is Vice President, Fosun Group, President of Fosun Tourism & Commercial Group, Co-President, China Momentum Fund. He is now the board director of Club Med(France) , Folli Follie (Greece) and Osborne(Spain). He achieved notable global investment success in Club Med, Folli Follie, Vigor, Atlantis, Secret Recipe, Osborne, China CITIS and Thomas Cook.*

Fosun has noted in their 2016 Interim report that Chinese tourism abroad has now surpassed 100 million and most of them go to fixed places like Hong Kong, Vietnam, etc. France and Germany are the only non-Asian countries. Fosun states that they want to break the status quo.

In spite of their investments in travel, their big play is insurance and wealth management. They bought Nagico, a big insurance player in the Caribbean and a German bank for wealth management (within the oecd, fatca rules framework).

Reading through their financial reports (publicly traded on the Hong Kong exchange), they are down a bit in terms of revenue, expected ROI on investment etc. In spite of a smoke test that they may be interested in Baha Mar, it really doesn't seem to fit their profile. Fosun is heavily into data-driven analytics (they started as a tech company in marketing analytics) and they have a penchant for buying brand names. There are no brand name tenants at Baha Mar and the well is poisoned. They have about 6 hotels under development and none of them have returned significant ROI. Their big play was bringing ClubMed to China.

Whatever their status, I do not believe that a buyer is secure for Baha Mar. I do believe that there may be an MOU stipulating a possible sale upon completion, but I do not believe that it is a done deal. I don't think that there is a committed buyer in the wings. If I had to guess, I would put Fosun's chances at no more than 50% probability that they are interested in buying Baha Mar.

I honestly don't think that anyone is firmly committed in line to buy Baha Mar.

That reasonable move would require Bahamian lawyers to learn the tax codes of other countries, and they would resist that. Also it would open up the Bahamian legal system to foreign tax lawyers, and again they would resist that. So the win-win situation will never happen. Our financial services, like our country, will die on the vine.

This is the 4th SPV or Special Purpose Vehicle that keeps the government debt off the balance sheet. However it is just an accounting trick, and taxpayer money is really behind all of this. This is sickening. They are spending money like drunken sailors on shore leave.

Reading between the lines, the very interesting thing is that John Rolle is changing his story. He has become ethically challenged in his new job. As a non sequitor, I used to read his analysis reports from the Central Bank when he was talking about money supply multipliers. His reports were pure bosh. Talking about p-values on money supply (which is meaningless) when his statistics knowledge comes from a "Statistics For Dummies" book.

I bet you that it is taxpayer money out of the treasury. If it were $100 million from EXIM, the dummy James Smith would say "We got the whole amount from the Chinese". Instead he is confaddling the situation by trying to be coy when lying. Why doesn't he tell us how much it is? It is a simple question that deserves a simple answer.

Actually, the flight of capital under management really started with a vengeance in the 2010 timeframe.

The marker for me, was how low Ansbacher had sunk and the Qatar National Bank sold it in 2009 in a fire sale. If we can't manage Middle East petro-dollars, we are sunk.