The nonsense of funds leaving dis country....leaving company insolvent...hurting bahamians..is incredible even Bishop Hall suggested."regulatory negligence" by the Bahamas financial services supervisory body has contributed to the insolvency and thus compelled the government to step in." Bishop Hall called for investigations, but so far none seems to have occurred. What happened to the responsibilities of the Board of Directors......simply incredible noone guilty of any wrongdoing.....funds just simply passed through....winding up in Florida.....incredible...!!!......
Seems wid the Defence Force best experts emforcing laws ....BAMSRI being the leading experts modern technological international marine..science Research Institite.....MInistry of Health expets...monitoring Food outlets...preparatifood...selling licendi.health certificates ..bahamas national trust.....monitoring.patrolling....wardens....What does Fisheries....they do if these main functions are capably handled by experts in other Govt Ministries......????....is this a case of Bahamas Mortgage Corporation....Bahamas Development Bank....Bank of the Bahamas ....doing the same things...???.?
Financial institutions need to be investigated.....given the large amounts of persons having difficulties. simple common sense is if ya taking a taking a taxi ...jitney to the airport the driver has a duty to ensure there is enough gas and the mechanisn mechanics vehicle works perfectly to do the job....or if ya takjng a jet plane somewhere it aint breaks down...plenty safety margins...reduncancy...safety.....one goes to the loo dere must be enuff toilet tissue....common sense....Banking practices must be investigated...Boards of Directors management responsible ......
@Schemer18...I hears ya....jus one big correction....not ..... "everyone is liable for the illegals coming to the Bahamas"......... Pore Bahamians majority of Bahamians ....ova der hill....Lowcost Govt Subfivisions....minimum wage earners....unemployed.....do not have incomes... to hire no housekeeper....no gardiner...muchless pay thousands for no work permit....its has always been the wealthy..top echelons, OWNERS of businesses.....illegal migrants actually works for less pay undercutting market forces of supply and demand....wealthy corrupt bahamians who hire illegals ....never admit they are the cause of the problem....!!!!!....they dont even get caught..!!!...pore people can be blamed for decades for votong for politicians for decades promising.to do someting......but actual proof is only present govt eradicating shantytowns...etc...
pathetic...pathetic...gross gross incompetamce....,!!!!!!! mudda tek sic dred........worsest of da worest........ How in da world ya gan have 40 million dollars receivables.....running this largest Hospital.........in dis century........an..an....an....ya aint have no coding staff to code service...diseasss...treatments....for pricing ...To.....to.....to collect money.......peoples must be fired..,!!!....erry lil small corner st clinic uses coding......dis plain slothfullness.....Backwardness....Disgracefull...WHAT Yall Board Of Directors Does....??????......how in da world can anyone wid an iota medical business sense not hav a coding system erry hospital on fa planet uses....to control run hospital..collect money..no coding platform....????...mudda sic
Being in the hurricane zone and the lack of the local insurors to provide crop insurances has been one of the factors why farmrs fimd it diffocult to get finamcing. If crop insurances can be had at a feasible price then kudos to the Minister. There is great potential in the Agri sector to improve to help reduce thd billion dollar import bill and while other Administratons have had a go over the past 50 years wid illustrious examples of for,er farms like in Eleuthera more publicity should be given to present successfull farms lkke in GB, the Mennonites, Abaco where past govt have kept them top secrets from the people.
In all the history of Banking in the Bahamas....while there are more criminal charges showing up against Bank officers for alleged theft, alleged ATM issues some 800k, some alleged charges of money laundering against banks, etc..........it does not appear that any Bank has ever been charged wid negligence.....lack of due care....simply amazing......while banks worldwide .from thd biggest ...too big to fail....face charges of wrongdoing......!!!!
"bad loans".......to politician.....to gubbermint....being a loan that has defaulted...payments protracted....past 3 months in arrears....90 days past due...triggering notification to insurors..indemnity ..GOVT Gurrantors.... versus versus versus "bad loans" ........loan application which does not contain correct financial information....such as 1.the Applicant has letter from employer showing excessive way above average income for job. 2. References from persons which seen shady 3. Financial budget info provided by applicant shows they spend the least in groceries, light bill, gas for car, etc out of anyone in the Bahamas 4. Given certain trends govt employees have salary deductions most often at certain banks, applicant does not 5. Given certain accompanying Reference letters, bank officer does not wznt to raise questions 6. Some bankers have loan targets to meet so as to get favourable or mandatory for salary increase and may not correctly hear the information applicant is giving 7. Failed loan applications may be reviewed by senior staff... 8. Influences of politicans, families friends loved ones may override ones judgement 9. Applications becomes more risky or marginal with the use of Indemnity Insurances, where allpicant does not meet equity injection requirement and provided debt service ratios of 45 % total loans debt and 55% capabklity to sufvive. 10. Loans are not monitored to catch early signs of risk 11. Short staff makes it difficult to monitor loans, retrieve arrears 12. Gross incompetance of staff enzble mathematical unfit loans to go through 13. Lack of auditing to guide or redress onefficiencies 14. Political interferance 15. Plain inadequate negligence and lack of due care in ensuring mortgage applicants have chance to successfully repay loan by bank when inadequate ...mortgage application form is used to qualify bank.... 16. Use of antiqiated mortgage application questions does not take into account payments for internet, cell phone usage,.etc 17. Lack of other necessary veryifying bank auditing check forms Balance Sheet to provide check of assets liabilities that income generated....extraordinary expenses... 18. abysmal failure and lack of ongoing training of bank staff 19.. lack of follow up information mortgage applicant may provide. 20. Intimidation by other officers 21. Loan sucess contingent on customers expenses to fix certain defects in home that bank refuses to fix 22.......i could go on with all likely issues why loan defaulted.....which amazingly and insifficiently central bank thinks .......consuner credit bureau will now miracously give good loans.......rolmao
Cannot see what is the holdup in re viewing the mortgage files and correspondence between management and references provided with applications. Simple mathematical calculations .
......erry single govt agency supported wid continuous.....subventions.....er....er....taxes .....off the bleedin...bloodied.....emaciated.....backs of the pore bahamians...on dere knees.......vat taxes....pun top of vat taxes.....on top of customs taxes...not passed on to pore bahamians......investigations needed....mudda sic dred.,!!!!
bogart says...
The nonsense of funds leaving dis country....leaving company insolvent...hurting bahamians..is incredible even Bishop Hall suggested."regulatory negligence" by the Bahamas financial services supervisory body has contributed to the insolvency and thus compelled the government to step in."
Bishop Hall called for investigations, but so far none seems to have occurred.
What happened to the responsibilities of the Board of Directors......simply incredible noone guilty of any wrongdoing.....funds just simply passed through....winding up in Florida.....incredible...!!!......
On CLICO clients told: 'Keep faith' for another payout
Posted 10 October 2018, 4:55 p.m. Suggest removal
bogart says...
.what does the fisheries dept do...?????
Seems wid the Defence Force best experts
emforcing laws ....BAMSRI being the leading experts modern technological international marine..science Research Institite.....MInistry of Health expets...monitoring Food outlets...preparatifood...selling licendi.health certificates ..bahamas national trust.....monitoring.patrolling....wardens....What does Fisheries....they do if these main functions are capably handled by experts in other Govt Ministries......????....is this a case of Bahamas Mortgage Corporation....Bahamas Development Bank....Bank of the Bahamas ....doing the same things...???.?
On Storm insurance eyed for fisheries, farming sectors
Posted 10 October 2018, 11:28 a.m. Suggest removal
bogart says...
Financial institutions need to be investigated.....given the large amounts of persons having difficulties.
simple common sense is if ya taking a taking a taxi ...jitney to the airport the driver has a duty to ensure there is enough gas and the mechanisn mechanics vehicle works perfectly to do the job....or if ya takjng a jet plane somewhere it aint breaks down...plenty safety margins...reduncancy...safety.....one goes to the loo dere must be enuff toilet tissue....common sense....Banking practices must be investigated...Boards of Directors management responsible ......
On Mortgage chief: 'Doing nothing not an option'
Posted 10 October 2018, 10:05 a.m. Suggest removal
bogart says...
@Schemer18...I hears ya....jus one big correction....not ..... "everyone is liable for the illegals coming to the Bahamas".........
Pore Bahamians majority of Bahamians ....ova der hill....Lowcost Govt Subfivisions....minimum wage earners....unemployed.....do not have incomes... to hire no housekeeper....no gardiner...muchless pay thousands for no work permit....its has always been the wealthy..top echelons, OWNERS of businesses.....illegal migrants actually works for less pay undercutting market forces of supply and demand....wealthy corrupt bahamians who hire illegals ....never admit they are the cause of the problem....!!!!!....they dont even get caught..!!!...pore people can be blamed for decades for votong for politicians for decades promising.to do someting......but actual proof is only present govt eradicating shantytowns...etc...
On High alert – for Haitians fleeing earthquake
Posted 10 October 2018, 9:46 a.m. Suggest removal
bogart says...
pathetic...pathetic...gross gross incompetamce....,!!!!!!!
mudda tek sic dred........worsest of da worest........
How in da world ya gan have 40 million dollars receivables.....running this largest Hospital.........in dis century........an..an....an....ya aint have no coding staff to code service...diseasss...treatments....for pricing ...To.....to.....to collect money.......peoples must be fired..,!!!....erry lil small corner st clinic uses coding......dis plain slothfullness.....Backwardness....Disgracefull...WHAT Yall Board Of Directors Does....??????......how in da world can anyone wid an iota medical business sense not hav a coding system erry hospital on fa planet uses....to control run hospital..collect money..no coding platform....????...mudda sic
On Insurers 'uncertain' over hospital debts
Posted 9 October 2018, 6:56 p.m. Suggest removal
bogart says...
Being in the hurricane zone and the lack of the local insurors to provide crop insurances has been one of the factors why farmrs fimd it diffocult to get finamcing.
If crop insurances can be had at a feasible price then kudos to the Minister.
There is great potential in the Agri sector to improve to help reduce thd billion dollar import bill and while other Administratons have had a go over the past 50 years wid illustrious examples of for,er farms like in Eleuthera more publicity should be given to present successfull farms lkke in GB, the Mennonites, Abaco where past govt have kept them top secrets from the people.
On Storm insurance eyed for fisheries, farming sectors
Posted 9 October 2018, 5:46 p.m. Suggest removal
bogart says...
In all the history of Banking in the Bahamas....while there are more criminal charges showing up against Bank officers for alleged theft, alleged ATM issues some 800k, some alleged charges of money laundering against banks, etc..........it does not appear that any Bank has ever been charged wid negligence.....lack of due care....simply amazing......while banks worldwide .from thd biggest ...too big to fail....face charges of wrongdoing......!!!!
On Mortgage chief: 'Doing nothing not an option'
Posted 9 October 2018, 4:34 p.m. Suggest removal
bogart says...
"bad loans".......to politician.....to gubbermint....being a loan that has defaulted...payments protracted....past 3 months in arrears....90 days past due...triggering notification to insurors..indemnity ..GOVT Gurrantors....
versus versus versus
"bad loans" ........loan application which does not contain correct financial information....such as 1.the Applicant has letter from employer showing excessive way above average income for job.
2. References from persons which seen shady
3. Financial budget info provided by applicant shows they spend the least in groceries, light bill, gas for car, etc out of anyone in the Bahamas
4. Given certain trends govt employees have salary deductions most often at certain banks, applicant does not
5. Given certain accompanying Reference letters, bank officer does not wznt to raise questions
6. Some bankers have loan targets to meet so as to get favourable or mandatory for salary increase and may not correctly hear the information applicant is giving
7. Failed loan applications may be reviewed by senior staff...
8. Influences of politicans, families friends loved ones may override ones judgement
9. Applications becomes more risky or marginal with the use of Indemnity Insurances, where allpicant does not meet equity injection requirement and provided debt service ratios of 45 % total loans debt and 55% capabklity to sufvive.
10. Loans are not monitored to catch early signs of risk
11. Short staff makes it difficult to monitor loans, retrieve arrears
12. Gross incompetance of staff enzble mathematical unfit loans to go through
13. Lack of auditing to guide or redress onefficiencies
14. Political interferance
15. Plain inadequate negligence and lack of due care in ensuring mortgage applicants have chance to successfully repay loan by bank when inadequate ...mortgage application form is used to qualify bank....
16. Use of antiqiated mortgage application questions does not take into account payments for internet, cell phone usage,.etc
17. Lack of other necessary veryifying bank auditing check forms Balance Sheet to provide check of assets liabilities that income generated....extraordinary expenses...
18. abysmal failure and lack of ongoing training of bank staff
19.. lack of follow up information mortgage applicant may provide.
20. Intimidation by other officers
21. Loan sucess contingent on customers expenses to fix certain defects in home that bank refuses to fix
22.......i could go on with all likely issues why loan defaulted.....which amazingly and insifficiently central bank thinks .......consuner credit bureau will now miracously give good loans.......rolmao
On Mortgage chief: 'Doing nothing not an option'
Posted 9 October 2018, 3:51 p.m. Suggest removal
bogart says...
Cannot see what is the holdup in re viewing the mortgage files and correspondence between management and references provided with applications. Simple mathematical calculations .
On Mortgage chief: 'Doing nothing not an option'
Posted 9 October 2018, 2:09 p.m. Suggest removal
bogart says...
......erry single govt agency supported wid continuous.....subventions.....er....er....taxes .....off the bleedin...bloodied.....emaciated.....backs of the pore bahamians...on dere knees.......vat taxes....pun top of vat taxes.....on top of customs taxes...not passed on to pore bahamians......investigations needed....mudda sic dred.,!!!!
On Mortgage chief: 'Doing nothing not an option'
Posted 9 October 2018, 1:52 p.m. Suggest removal