.......the prevailing government appoints the boatd of directors of the Central Bank and governor if needed at the time......the very same government also appoints the board of directors of the bank of the bahamas and other govt entities Development Bank, .......the govt being the peoples representative cannot warn itself for what it, itself and nomenklatura has knowingly done ....
Why profile the Chinese when the banking industry aggressive lendings to over 4,000 mortgage or mostly joint loans some 8,000 Bahamians for some one billion dollars default5ed loans, severely affecting growth, jobs etc Loans and lending policies need to be investogated and where aggressive lendings, marginal loans doomed to failure given then errant lrnders need to be punished. They need to be onvestigated for cash prizes, bonuses, trips, SUVs given out as prizes, salary kncreases etc. for giving out the most mortgage loans, marginal etc..... Instead we have a Regulator who sees nothing wrong with $16 chq cashing fee etc, been sued by of all people a bank who did not meet its teir ratios to operate, allowed then unregilated web shops to deposit money in banking system, and now is taking away banking functions from banks as credit reference a function best done by banks having all credit history and part of banking clearing system, Banking innvestigations need to be done and if class action lawsuits are needed so be it. absolutely preposterous to be only blaming the bahamian borrowers as if they went in the mortgage banks and mathematically calculated their owm debt service ratios safety margins and gave the loans to themselves with high likelihood to fail,,!!
Hahahahahahahahaha Immigration possibly also does not approach anybody they suspect to be here illegally......hence the reason no employer charged wid employing illegals, or anyone caught sheltering them, also shantytowns growing, also.....anyone ever charged wid forged documents??....
We need to hear from the Haitian Goverment. They are a Sovereign nation also eith Constitution, laws, rules amd regulations and have allowed persons to enter/reenter/exit or set foot on their sovereign soil.
Where is the haitian government? as this is now past the local Haitian Embassy not speaking about this on a person placed on their Soverereign recognized territory and is now ordered by another Sovereign nation to be removed from within their sovereogn terrotory?? Question now is how can Jean Romy leave the internationally recognized country of Haiti?? Bahamian visa? How does he get a visa wothout travel documents? How does he get travel documents after 18 years old? What are his travel documents to leave Haiti a sovereign nation? Can one nation just drop off persons into another country by plane?? Haitian govt??UN?? Amnesty Int?? Curiousiser and curiousier.
...The Central Bank has blamed "carelessness"....slacknessness.?...carelessness.....unhappiness.....Central Bank has been encouraging banks to "raise their game".
Goodness grief!! Surely these expressions from the regulator of bahamian banks in financial sector is inelegant at a time when we are losing Correspondent banks and our financial sector is under close scrutiny. These terms I cannot recall being in any Bahamian Regulation Act. We need to separate bank supervision/ from the Central Bank where Governor and Directors are politically appointed yo oversee any works by same govt. We need regulators to call a spade a spade!!!
Unless there is an Appeal the Judge ruling must be followed or unless we have Officials like those in the Ryan case decades ago willing to go to jail then Jean Rony is to be welcomed and given legal status despite not having applied at 18 years old. This is a historic defining.
DDK.....you may not realize it but the process should be accelerayed immediately to address the entire area because the intense heat created poisons from chemicals, rat poisons, poisonous material, batteries, latrine waste, zinc sheets, lead paints, ,old aesbestos roofs , etcetc that is almost 100 % expected to seep into the ground water and the next door homes water supply are likeky to be contaminated. Persons are likely to have breathing problems, rashes, etc. The entire area should be quarentjined and health officials examine everyone.
Persons benefit from living in a shantytown in a number of ways such as .......language, common interests.....they share a common nationality, cultural identity, language, cistoms, habits, norms, mores, taboos, religeous beliefs.....security in numbers being protected ......low cost housing rental and expenses supply and demand met affordable by income....synergies...networking..etcBasically it is a social, economic etc unit and having stores, church, within and essentially these are illegal built low cost mini city nation within another nation. Fred Smith apparently knows this and weeks ago he wanted them authorized. Importantly, with free schooling, medical facilities and little or no law enforcement they thrive. Bahamian workers who live outside the shanty cannot compete as the lower level of wages accepted by lower cost shanty town workers whose costs of living expenses are lower. True equilibrium point in supply and demand cannot be met because of the cheaper labour of shanty and employers...owners of busonesses.... can always pay less than mimimum and have good labour supply.
Agree with you Sheeprunner....Bahamians cover up for criminals too much..... Everyone is related or connected...... The DNA did come out and blamed persons who intervene when persons are arrested.
bogart says...
.......the prevailing government appoints the boatd of directors of the Central Bank and governor if needed at the time......the very same government also appoints the board of directors of the bank of the bahamas and other govt entities Development Bank, .......the govt being the peoples representative cannot warn itself for what it, itself and nomenklatura has knowingly done ....
On Bank slackness in 'higher than usual' non-compliance
Posted 31 January 2018, 6:33 p.m. Suggest removal
bogart says...
Why profile the Chinese when the banking industry aggressive lendings to over 4,000 mortgage or mostly joint loans some 8,000 Bahamians for some one billion dollars default5ed loans, severely affecting growth, jobs etc Loans and lending policies need to be investogated and where aggressive lendings, marginal loans doomed to failure given then errant lrnders need to be punished. They need to be onvestigated for cash prizes, bonuses, trips, SUVs given out as prizes, salary kncreases etc. for giving out the most mortgage loans, marginal etc.....
Instead we have a Regulator who sees nothing wrong with $16 chq cashing fee etc, been sued by of all people a bank who did not meet its teir ratios to operate, allowed then unregilated web shops to deposit money in banking system, and now is taking away banking functions from banks as credit reference a function best done by banks having all credit history and part of banking clearing system,
Banking innvestigations need to be done and if class action lawsuits are needed so be it.
absolutely preposterous to be only blaming the bahamian borrowers as if they went in the mortgage banks and mathematically calculated their owm debt service ratios safety margins and gave the loans to themselves with high likelihood to fail,,!!
On ‘Abomination’ will scar City of Nassau
Posted 31 January 2018, 3:50 p.m. Suggest removal
bogart says...
Hahahahahahahahaha
Immigration possibly also does not approach anybody they suspect to be here illegally......hence the reason no employer charged wid employing illegals, or anyone caught sheltering them, also shantytowns growing, also.....anyone ever charged wid forged documents??....
On Judge orders govt to bring back Jean Rony Jean-Charles
Posted 31 January 2018, 12:53 p.m. Suggest removal
bogart says...
We need to hear from the Haitian Goverment.
They are a Sovereign nation also eith Constitution, laws, rules amd regulations and have allowed persons to enter/reenter/exit or set foot on their sovereign soil.
On BRING HIM HOME - Govt told: Fly Jean Rony back and grant status
Posted 31 January 2018, 11:23 a.m. Suggest removal
bogart says...
Where is the haitian government? as this is now past the local Haitian Embassy not speaking about this on a person placed on their Soverereign recognized territory and is now ordered by another Sovereign nation to be removed from within their sovereogn terrotory??
Question now is how can Jean Romy leave the internationally recognized country of Haiti?? Bahamian visa? How does he get a visa wothout travel documents? How does he get travel documents after 18 years old? What are his travel documents to leave Haiti a sovereign nation? Can one nation just drop off persons into another country by plane?? Haitian govt??UN?? Amnesty Int?? Curiousiser and curiousier.
On Judge orders govt to bring back Jean Rony Jean-Charles
Posted 31 January 2018, 10:32 a.m. Suggest removal
bogart says...
...The Central Bank has blamed "carelessness"....slacknessness.?...carelessness.....unhappiness.....Central Bank has been encouraging banks to "raise their game".
Goodness grief!! Surely these expressions from the regulator of bahamian banks in financial sector is inelegant at a time when we are losing Correspondent banks and our financial sector is under close scrutiny. These terms I cannot recall being in any Bahamian Regulation Act.
We need to separate bank supervision/ from the Central Bank where Governor and Directors are politically appointed yo oversee any works by same govt.
We need regulators to call a spade a spade!!!
On Bank slackness in 'higher than usual' non-compliance
Posted 30 January 2018, 4:08 p.m. Suggest removal
bogart says...
Unless there is an Appeal the Judge ruling must be followed or unless we have Officials like those in the Ryan case decades ago willing to go to jail then Jean Rony is to be welcomed and given legal status despite not having applied at 18 years old. This is a historic defining.
On Judge orders govt to bring back Jean Rony Jean-Charles
Posted 30 January 2018, 3:38 p.m. Suggest removal
bogart says...
DDK.....you may not realize it but the process should be accelerayed immediately to address the entire area because the intense heat created poisons from chemicals, rat poisons, poisonous material, batteries, latrine waste, zinc sheets, lead paints, ,old aesbestos roofs , etcetc that is almost 100 % expected to seep into the ground water and the next door homes water supply are likeky to be contaminated. Persons are likely to have breathing problems, rashes, etc. The entire area should be quarentjined and health officials examine everyone.
On Minnis: Shanty towns must end
Posted 30 January 2018, 12:37 p.m. Suggest removal
bogart says...
Persons benefit from living in a shantytown in a number of ways such as .......language, common interests.....they share a common nationality, cultural identity, language, cistoms, habits, norms, mores, taboos, religeous beliefs.....security in numbers being protected ......low cost housing rental and expenses supply and demand met affordable by income....synergies...networking..etcBasically it is a social, economic etc unit and having stores, church, within and essentially these are illegal built low cost mini city nation within another nation. Fred Smith apparently knows this and weeks ago he wanted them authorized.
Importantly, with free schooling, medical facilities and little or no law enforcement they thrive.
Bahamian workers who live outside the shanty cannot compete as the lower level of wages accepted by lower cost shanty town workers whose costs of living expenses are lower. True equilibrium point in supply and demand cannot be met because of the cheaper labour of shanty and employers...owners of busonesses.... can always pay less than mimimum and have good labour supply.
On Minnis: Shanty towns must end
Posted 30 January 2018, 11:23 a.m. Suggest removal
bogart says...
Agree with you Sheeprunner....Bahamians cover up for criminals too much.....
Everyone is related or connected......
The DNA did come out and blamed persons who intervene when persons are arrested.
On 30 held in US-backed raids
Posted 30 January 2018, 10:10 a.m. Suggest removal