@muddatekdic...2 tings....appreciate your figures always.....on the BoB bailout costing over $500 million.....you forgot the drop in share value from some $5.22 to around $1. Costing some $160 million ...plus costs...missed opportunity costs...to shareholders being able ...iquidating and reinvesting..effects on competing banks who if according to market forces allowed to prevail would have been able to increase market share increase dividemds......$$$ ???? And second ting the Plils $4.6 million ......and now the store has been transparently ???...was a BREA Real Estate Sales Agrnt involved ....Approved Licemcd Appraiser for Valuation suitability...etc.....sold for the general post office....the purchase price is still to be revealed...would the price be more knowing of the IMax commercial development nearby and 4 lane Gladstone highway??....govt contracts to improve Garbage dump stop fires and smoke.????
all dese years ...pore man crrying....against banking practices........no damn law on anti competition.....!!!!!!.......no anti trust pore people just suck it in......govt needs to look in rules on anti competition.....all da causes...results.... ironic some 2,500 govt workers gets let go costing just over 10million annually an da inyerest on money losing Bahamas air is same 10 million dollats no fuss but if as the web shops say its business to let go a few hundred workers from an enterprise people voted against....taking out from taxpaying people more than it puts in to be profitable....an govt concerned then.....priorities wrong 2,500 vs 300.??...market forces???
the source of the problem needs to be addressed !!!!!!!!!!!!!!!!!
the bank relationship is between the mortgagor and the bank.........it takes 2 hands to clap......!!!!
The customer goes to the bank and presents all the information and even more.......the loan officer follows standard....basic...loan processing....ratios.....amortization tables.....banking policy.....common sense !!!!!.....it the loan does no fit the rules.....then fer crying out loud.....decline the damn loan.....!!!!!!
if the loan officer approves any loan not meeting the criteria to repay then its wrong......extremely simple to do the math....double check...simple checks....banks are not in the business to give out loans that cannot be repaid.....given the large amounts of some loans.....the decision making will usually go to the highest levels of management.....perhaps directors..?
the source of approvals for all these many .....bad loans...will have a paper trail...leading to the approver.......who must be called...subpeoned....to give details ..why they were ...... approved and ....held responsible !!!!!!!!....accountable...!!!!!!!!!
................................ on the mortgage customer side ........if they ..followed all that the bank ....requested.... and were given the loan.....and the bank clearly had all the evidence that the loan would......not succeed.......that the customer would not have a snowballs chance in hell of succeeding....siccessfully repaying the loan.......then the bank would be negligent...did not act wid due care ....
excellent for Minister Foulkes to firmly define Roc wid Doc, Cabinet and his position to have the political will to get the job done!!! These legal status residents will go through some housing shortage and fully knew this day would come since fred motchell advertised to them years ago......they will go through hardship their own fault...but no different from hardship Bahamians are going through..4,000 Bahamian mortgage acvount defaulted losing homes....all over ....an Freeport....BUT the market will correct itself....as we speak.?.it will be profitable for legal housing units to be constructed....days.weeks to construct wooden homes......opportinities to constrct low cost 900 sq ft wooden homes....better multi units...should have good roi....it is time market forces take over...no false wage pricing...false economy.....50 plus million repatriated from economy....sent to Haitii......investments will be made by them in farming businesses cooperatives.?etc control vertical economy.....diversify.?..even employ Bahamians..?to gain incone to pay increased living expenses of real world...of course some may head to Nassau
She is actually much more needed in executing the vision of a better over the hill program.............than pigeoned holed in NIB and BoB Director positions....where the solution to dere problems are very visible...!!!
Pointed all this out prior to this anticipated outcome. ........Its supply and demand forces at work....the landlords knowing the demand overwhelms supply of rental units simply hold out for highest rents.....poetic justice...?...just as the haitian shanty town workers living in low cost homes and have minimum fixed costs in illegally built shanty......could have undermined the regular rate of wages Bahamians pay to live in the real lawabiding world ........Haituns legal Bahamians or not.....welcome to the real world...and join the line of many Bahamian workers you put unemployed all a we now crying pore mout fer help....equal loving expected all ways round .....!!!....funny when yinna in da illegal shantytown all yall crying yinna Bahamian.....now yall have to live like real Bahamians scrappin, yinna is Haishun.....lol
WeĺMuddateksic .... Economist....and BahamaPundit......was the boat construction approved??....insurance.??..and...policy paid.???....valid..??....cerrtainly the best points..and if all comes together...must change the entire way tourist businesses are handled..!!!
Currently many questions exist for employees who state to insurance company that car is for personal private use but then use the vehicle for employer business and get a gas allowance.
Another area of questioning is the usage of Mortgage Indemnity Insirances that banks use to extend bank loan risk to increased marginal levels .....knowing that we are a hurricane zone likely to create severe cathostrophe including massive defaults and severe unemployment ...creating massive defaults
Copy should be emailed to every employee in the Ministry of Education AND also to every employee in the Ministry of Finance .....to see what they have been allocating taxpayers money to pay for year after year...!!!!!
What in the world is going on ....when the authorities jes cracking down on small planes 'hacking' for passengers, Fish Fry., girls on Harbour Island beach , .....now this trajic accident.... investigations first and if anyone found guilty of wrongdoin, then they must be punished to the fullest extent x2.!!!
bogart says...
@muddatekdic...2 tings....appreciate your figures always.....on the BoB bailout costing over $500 million.....you forgot the drop in share value from some $5.22 to around $1. Costing some $160 million ...plus costs...missed opportunity costs...to shareholders being able ...iquidating and reinvesting..effects on competing banks who if according to market forces allowed to prevail would have been able to increase market share increase dividemds......$$$ ????
And second ting the Plils $4.6 million ......and now the store has been transparently ???...was a BREA Real Estate Sales Agrnt involved ....Approved Licemcd Appraiser for Valuation suitability...etc.....sold for the general post office....the purchase price is still to be revealed...would the price be more knowing of the IMax commercial development nearby and 4 lane Gladstone highway??....govt contracts to improve Garbage dump stop fires and smoke.????
On Miller blasts BOB bail-out entity for selling his plaza
Posted 3 July 2018, 1:33 p.m. Suggest removal
bogart says...
da chickens hav come home....
all dese years ...pore man crrying....against banking practices........no damn law on anti competition.....!!!!!!.......no anti trust pore people just suck it in......govt needs to look in rules on anti competition.....all da causes...results....
ironic some 2,500 govt workers gets let go costing just over 10million annually an da inyerest on money losing Bahamas air is same 10 million dollats no fuss but if as the web shops say its business to let go a few hundred workers from an enterprise people voted against....taking out from taxpaying people more than it puts in to be profitable....an govt concerned then.....priorities wrong 2,500 vs 300.??...market forces???
On 'Don't fire workers', web shops are urged
Posted 3 July 2018, 12:33 p.m. Suggest removal
bogart says...
the source of the problem needs to be addressed !!!!!!!!!!!!!!!!!
the bank relationship is between the mortgagor and the bank.........it takes 2 hands to clap......!!!!
The customer goes to the bank and presents all the information and even more.......the loan officer follows standard....basic...loan processing....ratios.....amortization tables.....banking policy.....common sense !!!!!.....it the loan does no fit the rules.....then fer crying out loud.....decline the damn loan.....!!!!!!
if the loan officer approves any loan not meeting the criteria to repay then its wrong......extremely simple to do the math....double check...simple checks....banks are not in the business to give out loans that cannot be repaid.....given the large amounts of some loans.....the decision making will usually go to the highest levels of management.....perhaps directors..?
the source of approvals for all these many .....bad loans...will have a paper trail...leading to the approver.......who must be called...subpeoned....to give details ..why they were ...... approved and ....held responsible !!!!!!!!....accountable...!!!!!!!!!
................................
on the mortgage customer side ........if they ..followed all that the bank ....requested.... and were given the loan.....and the bank clearly had all the evidence that the loan would......not succeed.......that the customer would not have a snowballs chance in hell of succeeding....siccessfully repaying the loan.......then the bank would be negligent...did not act wid due care ....
On Miller blasts BOB bail-out entity for selling his plaza
Posted 3 July 2018, 11:41 a.m. Suggest removal
bogart says...
excellent for Minister Foulkes to firmly define Roc wid Doc, Cabinet and his position to have the political will to get the job done!!!
These legal status residents will go through some housing shortage and fully knew this day would come since fred motchell advertised to them years ago......they will go through hardship their own fault...but no different from hardship Bahamians are going through..4,000 Bahamian mortgage acvount defaulted losing homes....all over ....an Freeport....BUT the market will correct itself....as we speak.?.it will be profitable for legal housing units to be constructed....days.weeks to construct wooden homes......opportinities to constrct low cost 900 sq ft wooden homes....better multi units...should have good roi....it is time market forces take over...no false wage pricing...false economy.....50 plus million repatriated from economy....sent to Haitii......investments will be made by them in farming businesses cooperatives.?etc control vertical economy.....diversify.?..even employ Bahamians..?to gain incone to pay increased living expenses of real world...of course some may head to Nassau
On Nowhere to go for Shanty town residents
Posted 2 July 2018, 8:29 p.m. Suggest removal
bogart says...
She is actually much more needed in executing the vision of a better over the hill program.............than pigeoned holed in NIB and BoB Director positions....where the solution to dere problems are very visible...!!!
On New director for National Insurance Board
Posted 2 July 2018, 5:03 p.m. Suggest removal
bogart says...
Pointed all this out prior to this anticipated outcome. ........Its supply and demand forces at work....the landlords knowing the demand overwhelms supply of rental units simply hold out for highest rents.....poetic justice...?...just as the haitian shanty town workers living in low cost homes and have minimum fixed costs in illegally built shanty......could have undermined the regular rate of wages Bahamians pay to live in the real lawabiding world ........Haituns legal Bahamians or not.....welcome to the real world...and join the line of many Bahamian workers you put unemployed all a we now crying pore mout fer help....equal loving expected all ways round .....!!!....funny when yinna in da illegal shantytown all yall crying yinna Bahamian.....now yall have to live like real Bahamians scrappin, yinna is Haishun.....lol
On 'Hunted and priced out of rent because of xenophobia'
Posted 2 July 2018, 4:41 p.m. Suggest removal
bogart says...
WeĺMuddateksic .... Economist....and BahamaPundit......was the boat construction approved??....insurance.??..and...policy paid.???....valid..??....cerrtainly the best points..and if all comes together...must change the entire way tourist businesses are handled..!!!
Currently many questions exist for employees who state to insurance company that car is for personal private use but then use the vehicle for employer business and get a gas allowance.
Another area of questioning is the usage of Mortgage Indemnity Insirances that banks use to extend bank loan risk to increased marginal levels .....knowing that we are a hurricane zone likely to create severe cathostrophe including massive defaults and severe unemployment ...creating massive defaults
On Inferno at sea
Posted 2 July 2018, 2:03 p.m. Suggest removal
bogart says...
Deepest heart felt sympathy to family of the deceased and all accident victims wishing them a speedy recovery.
On Boat fire: Six injured at PMH, four transported to Florida
Posted 2 July 2018, 8:53 a.m. Suggest removal
bogart says...
Excellent article.
Copy should be emailed to every employee in the Ministry of Education AND also to every employee in the Ministry of Finance .....to see what they have been allocating taxpayers money to pay for year after year...!!!!!
On Looking at Bahamian education
Posted 2 July 2018, 8:36 a.m. Suggest removal
bogart says...
What in the world is going on ....when the authorities jes cracking down on small planes 'hacking' for passengers, Fish Fry., girls on Harbour Island beach , .....now this trajic accident.... investigations first and if anyone found guilty of wrongdoin, then they must be punished to the fullest extent x2.!!!
On Boat fire: Six injured at PMH, four transported to Florida
Posted 1 July 2018, 7:40 p.m. Suggest removal