The trouble though, is that money is not safe here. I don't understand how Julian Brown and Owen Bethel can dip into client funds, make the clients lose most of their money, and none of them are in jail.
You can't put tinsel on a piece of shiite and expect the world to fall for it. When I wanted to transfer money from my American dollar account in the Bahamas, the compliance department in my new first-world country bank made me jump through hoops to prove the source of the money. They all know that we are a bunch of tax-dodging crooks. How can a virtually bankrupt bank not be closed by regulators and still have its stock trading on the domestic exchange? Everyone knows that we are a Mickey Mouse crooked jurisdiction, and quite frankly, the blacklist may kill the last of the piece of turd that we call Financial Services. Then we can rise from the ashes with full compliance and actually be a world-class player.
You make up half the shiite that you say, but I do agree with you that not shutting down the webshops is a huge mistake, both from a governance and patriotism point of view.
Sorry. The Oban deal is bad for the Bahamas. I wish that Minnis would grow a pair, and say that he made a mistake. Minnis is supposedly the anti-corruption crusader and he deals with an unsavoury lowlife like the fatboy Oban character who is proven that he is as crooked as the PLP. This is the future of the country at stake, and any sign of fiduciary impropriety would have to disqualify Oban. Grow a pair youse fooking FNM legislators.
Since Trump and his Trumptard followers have already killed American Exceptionalism, I am willing to bet that America dies as a superpower of influence before the EU entirely collapses. And then we will have a new world order dominated by the Chinese with the Russians playing the rogue state role spoiler. With Trump complicit with Putin and elected with Putin's help, America is done like toast since no one is punishing the Russians for interfering in their democracy. The Russians are already interfering in the 2018 midterms.
So the only safe democracies for freedoms will be whatever is left of the EU, Norway, Sweden, Denmark, Iceland, Canada, Australia and New Zealand. The EU will be ruled over by the impressive GDP might of Germany, and America will be torn by civil strife between the gun-toting, psalm-singing ultra right, toothless retards and the enlightened left, with regular mass shootings at malls, churches, government buildings and job sites.
The Bahamas -- no problem mon. It will be underwater from climate change. No more blacklist. No more PLP. No more webshops. No more problems. No more crime problems.
I used to catch Potcake sleepin' on cardboard on da porch under the eaves of the grey Credit Union building on East Bay Street by the bridge. Balls Alley een too far from that building. Wondering why he was sleeping there?
The webshops have much more sophisticated technologies. Did you see the sorry pieces of junk for taking Omni's cards at Supervalue? They were beat-up, secondhand garbage. Word is that the banks won't allow Omni's software on their point of sale systems.
This is a bad idea. There is no legislation in place, and this will result in usurious practices. Oftentimes the margins on business are very small to begin with, and the percentage that the factoring company will take will wipe out profits.
For those of you who don't understand factoring, it is like a payday loan for business. A business has accounts payable and the customer is slow on paying. So they sell the invoice to the factoring agency at a discount. So if the bill is $100 dollars, they sell it to the agency for $90 or $85 dollars. Then the agency chases the payment, often going to court. Businesses that are desperate will do that.
I urge the Minnis government to enact consumer protection laws to prevent usury and to protect businesses from sharks. This is another practice that makes me want to take a shower when I read about it. This ultimately hurts the lower end of the economic spectrum more than it helps. They are preying on the misfortune of businesses having customers that do not pay on time.
Someone tell that fat thieving dough boy to sit small. His party raped the treasury, sold out the Bahamas and Bahamians, did all sorts of immoral things on a personal and private level, and then have no shame to stand up and tell lies to advance their kleptocracy and lack of moral fiber.
It is not the government's job to employ people for the sake of employing people. It is the government's job to provide services to its citizens in a timely, cost-effective manner.
Even seeing a picture of that grease-ball makes me want to have a shower.
banker says...
The trouble though, is that money is not safe here. I don't understand how Julian Brown and Owen Bethel can dip into client funds, make the clients lose most of their money, and none of them are in jail.
You can't put tinsel on a piece of shiite and expect the world to fall for it. When I wanted to transfer money from my American dollar account in the Bahamas, the compliance department in my new first-world country bank made me jump through hoops to prove the source of the money. They all know that we are a bunch of tax-dodging crooks. How can a virtually bankrupt bank not be closed by regulators and still have its stock trading on the domestic exchange? Everyone knows that we are a Mickey Mouse crooked jurisdiction, and quite frankly, the blacklist may kill the last of the piece of turd that we call Financial Services. Then we can rise from the ashes with full compliance and actually be a world-class player.
On Last-ditch bid to halt EU blacklist
Posted 13 March 2018, 2:21 p.m. Suggest removal
banker says...
You make up half the shiite that you say, but I do agree with you that not shutting down the webshops is a huge mistake, both from a governance and patriotism point of view.
On GB MP: Oban a step in the right direction
Posted 12 March 2018, 1:10 p.m. Suggest removal
banker says...
Sorry. The Oban deal is bad for the Bahamas. I wish that Minnis would grow a pair, and say that he made a mistake. Minnis is supposedly the anti-corruption crusader and he deals with an unsavoury lowlife like the fatboy Oban character who is proven that he is as crooked as the PLP. This is the future of the country at stake, and any sign of fiduciary impropriety would have to disqualify Oban. Grow a pair youse fooking FNM legislators.
On GB MP: Oban a step in the right direction
Posted 12 March 2018, 9:59 a.m. Suggest removal
banker says...
Since Trump and his Trumptard followers have already killed American Exceptionalism, I am willing to bet that America dies as a superpower of influence before the EU entirely collapses. And then we will have a new world order dominated by the Chinese with the Russians playing the rogue state role spoiler. With Trump complicit with Putin and elected with Putin's help, America is done like toast since no one is punishing the Russians for interfering in their democracy. The Russians are already interfering in the 2018 midterms.
So the only safe democracies for freedoms will be whatever is left of the EU, Norway, Sweden, Denmark, Iceland, Canada, Australia and New Zealand. The EU will be ruled over by the impressive GDP might of Germany, and America will be torn by civil strife between the gun-toting, psalm-singing ultra right, toothless retards and the enlightened left, with regular mass shootings at malls, churches, government buildings and job sites.
The Bahamas -- no problem mon. It will be underwater from climate change. No more blacklist. No more PLP. No more webshops. No more problems. No more crime problems.
Happy Easter everyone.
On UPDATED: Govt 'disappointed' by European Union blacklisting
Posted 11 March 2018, 9:37 p.m. Suggest removal
banker says...
LOL.
BTW - it's spelled death, not deth.
On UPDATED: Govt 'disappointed' by European Union blacklisting
Posted 9 March 2018, 8:40 p.m. Suggest removal
banker says...
I used to catch Potcake sleepin' on cardboard on da porch under the eaves of the grey Credit Union building on East Bay Street by the bridge. Balls Alley een too far from that building. Wondering why he was sleeping there?
On Potcake needs ya help, folks
Posted 9 March 2018, 1:26 p.m. Suggest removal
banker says...
The webshops have much more sophisticated technologies. Did you see the sorry pieces of junk for taking Omni's cards at Supervalue? They were beat-up, secondhand garbage. Word is that the banks won't allow Omni's software on their point of sale systems.
On Family Islands told: 'Don't miss a beat' on bank exits
Posted 1 February 2018, 2:08 p.m. Suggest removal
banker says...
This is a bad idea. There is no legislation in place, and this will result in usurious practices. Oftentimes the margins on business are very small to begin with, and the percentage that the factoring company will take will wipe out profits.
For those of you who don't understand factoring, it is like a payday loan for business. A business has accounts payable and the customer is slow on paying. So they sell the invoice to the factoring agency at a discount. So if the bill is $100 dollars, they sell it to the agency for $90 or $85 dollars. Then the agency chases the payment, often going to court. Businesses that are desperate will do that.
I urge the Minnis government to enact consumer protection laws to prevent usury and to protect businesses from sharks. This is another practice that makes me want to take a shower when I read about it. This ultimately hurts the lower end of the economic spectrum more than it helps. They are preying on the misfortune of businesses having customers that do not pay on time.
On $1m factoring scheme in SME funding 'firsts'
Posted 31 January 2018, 3:48 p.m. Suggest removal
banker says...
Someone tell that fat thieving dough boy to sit small. His party raped the treasury, sold out the Bahamas and Bahamians, did all sorts of immoral things on a personal and private level, and then have no shame to stand up and tell lies to advance their kleptocracy and lack of moral fiber.
It is not the government's job to employ people for the sake of employing people. It is the government's job to provide services to its citizens in a timely, cost-effective manner.
Even seeing a picture of that grease-ball makes me want to have a shower.
On Davis blasts 2,500 job cuts in public sector as 'shameful'
Posted 29 January 2018, 5:11 p.m. Suggest removal
banker says...
Also they face competition from a former executive of the group. This smells of a story plant to get cheap advertising.
On Money transfer market 'risks oversaturation'
Posted 27 January 2018, 1:48 p.m. Suggest removal