47 murderers were also involved with another murder. Simple execution following Caesars law would have saved 47 lives. It is questioned by some MP that if your views before election is not to hang then it should be stated before. The head of a church did give a speech at an annual church gathering on Forgiveness. Everybody all kerpunkled up but plane common sense is if you executed murderers then it is absolutely guarranteed that dey aint coming back to murder again. Poliyicians are very smart educayed at the best foreign schools and logical people and can see this lawful practical aspect but......fail the majoroty of thr people in carrying out this job.
Wasnt some politicians talking about giving the same exemption benefits to depressed areas of Nauuau or over the Hilldepressed areas just as Bay st areas was getting.? Only this time the word surgical is being used. As for fast rrack this is nothing new. Just need to have some connection to someone without integrity or ethical standards and its fast tracked. Tipping I believe means to insure prompt servive also. As for ease of doing business you still have to deal with the bank and lawyers who will actually tell you that iit is a conflict to go up against a bank.(they are on a bank approved list and cannot sue the bank )Try going to the Central Bank and they will tell you they cannot intervene. SAME Politicians usually appoint the Directors and Govenor.
As for training Bahamian employees well that too is not new and as and Bahamian banker will tell you it is the Bahamian banker who has to train foreign staff while getting a lower salary. Investments to islands are nothing new...and Bahamian birthright land is given to attract .....Bahamians get jobs go for a loan at the bank and profits are ratriated to Barbados or some country who control the local banking indistry and dictate the type of loans and volumes Bahamian loan officers must give to get a pay increase.?....give as much investments but what if the returns build up jobs in other Caribbean countries bad loans and all the are second hand japanese cars in return..walks like a duck...talks like a duck..... Suggestion ....to build start with a good foundation Go yhrough all depts, investigate, jail time for wrong doers....
The shipping companies or some 19 Bay st investors ponied up 1 million each to move into the new port with some 40z% ownership amd preference shares with guarranteed 11% interest to have some 25 year monopoly and no other harbour to be built within some 20 miles area and still keeping properties on Bay St but at the same time plans were done for port in Northern Abaco and canal to be dug to recreate previous canal the lumber company filled in some 100 years ago so the fishes can go back to theor habitat.. Really how many fishes around there still remember they used to swim in some canal between little abd big Abacu. Loan for some 65 million was borrowed from the ChineseMind ypu funding for the Arawak port was done by giving interest free loans ftom the Public Treasury to govt employees to buy ordinary non voying shares. Perhaps with this as prescedent BEC employees getting loans is ok.
Webshops have laundered money for how long into a small island economy and now eight families with monopoly for 10 years is not fair to the real estate market and unfair to businesses who have followed the law. What happens if they went into the Laundry Washing business with all funds they are generating from their already ecpansive businesses.? Or started law firms, or medical businesses or accounting agencies ? Or lobbying firms to lobby politicians ?
Cannot tax and regulate a systen that was voted unconstitutional by a nationally held referendum.
Cannot, not stop it since it will go underground is flawed because if every voter can be found to register in every jook jook corner and cay is ridiculous anyone can be gound. Everypne can be found in Nassau to vote, everyone doing illegal gambling can be found. Ask the Punch.
Our Police can find anybody if the conditions are right and everyone knows this and can perhaps offer some advice when it is difficult. Do not underestimate the majority of God fearing law abiding Bahamians. They have always been in the majoroty.
Year after year who ever rules govt comprising of 40 or so dedicated Bahamians appinits Senior mansgement and Directors to run money failing agencies under their control.... bank of the bahamas mortgage cprp. development bank, bahamasair, water and sewage bec etcetc
Yet to date noone has been jailed for failings or investigations ad though nothing illegal was done wrong.
There really needs to be persons looking out for the small man.
We need to separate tje functions of the Central Bank whose Govenor and Board of Direvtors are appointef by the winning party.
As in the UK where the local politicians like to say they have similar systems but differ csuse at the slighest UK scandal they resign but here it isnt so.
We need as in the UK a financial conduct authority to monitor and oversee the bahamian banking sector. Bahamians cannot afford to hsve all these financial failongs and irregularities continue with the apparent overview and appoints by any 40 Bahamian members of Parliament
Sadly it seems that only the voters are wrong and get what we deserve as whosoever is in power gets their own tv channel and talk all sorts of important things about makong things better and these agrncoes still lose money.
Ohdrap5 you mean to say that the man who bought scotia mortgages wasnt white?
You are correct happyfly.
The appoints OF THE Central Bank Govenor and Dorectors so in light of the lack of caring and enabling stabi.ity to knowingly oversee that 100% bankfee incrrase will be detrimental and cause a ruckus albbeit slower than st kitts people especially in a country a glober leader in proper financial dealings is certainly questionable. Persons responsible certainly should be promoted and put in a more important position.
How come such massive losses, economy devastated, 4000 martgage accounts in default and only the Mortgage Bosses talking about fairness?
This debacle destroyed so much and still cripples the Bahamian economy and the govt tried looking out for the common man.
The pore Black man or pore White one is always at a disdvantage when going up against large multi national global banks who seem to have the govt jn its grasp. And The rich always hang together looking out for themselves.
When you pore down an out nobody looks out for you,, believe you me, you aint have no friends, cept a few polliticians round election time.
Bizzare no investigations into this massive mortgage loan debacle.
Trust yinna to seek foreign help to find out what is connon knowkedge.
Almost 1 billion in loan money is tied up in bad loans. 4000 mortgage accounts have failed. Wuth usually two persons pet account being husband and wife to meet TDSRtotal debt serbvce ratio of 45% of income. Persons are still working trying to salvage homes. Those homes which ate sold are sold at a loss but because the indemnity insurances may have not been adequate as a condigion of lending remaining outstanding balances enforced by legal judgments are used. IN freeport morygage loand are undereater a term used that the pror valuation in the good days has now dropped and the mortgagors are repahing loans not worth the value
Given that appraisal valuatoons have dropped because ghe glut of unsold houses, damages from lack of repairs the market is down. Coumpounding the problem is that lrnders have tightened ghe losn rrquirements so fewet are q ualifying versus when the applications were easy to qualify and not so rigorous with now credit risks depts etc.
The 45% debt atio is still used from some 25 years ago even though not one sinhle expense yhe applicant has is any lower. While interest rates have dropped but customers home ownrtsjip rates have increased fewer can qualify versus the past where an srgument can be made that morygages were easy to qualify because of predagory lenfing or the lendrs did not give a damn as the banks still had the house to sell and customet by Court Judgment to repay any shortgage. Loan officers were also given cash bonuses or win SUVs for giving out the most loans. Loans targets are now used to bring in loans. Foreign head and quedtions can be made as in whose interest they operate. Whose interest does our Centrsl Bank serve.etcetc
.
Investigations are needed and where banks are neglient ot failed due care and attentoon to the mortgage customets the fines sjoild be in the billions as the effects of their pllicies have been disasterous as the Committee is finding out.
It takes two parties one is the bank and the other the customer. 4000 joint customers could not have all been wrong.
Institutional slackness has caused derisking, and decrease of foreibn banks wanting to do business not the customer. Our offshore banking has decreased.
Investigations are needed and inefficient officials fired or jailed as their actions or inactions have put the ecpnomy in this position.
Separation of the Bank Supetvision Section of the Central Bank should be made and they shojld also do the audit of banks.
Figures sometime ago is that the 8 businesses revenues are some 137 million or so. That does not include rental buildings yo govt or condos etc. Before, during and after legislation.
It is not a matter of revenue or social impact on communities which the LongIsland community leadrs are complaining about. The web shops are now legal by law it is not their fault. They democratically did what they had to do.
Now questions should be raised on the Police Commissionet who is being promoted as a representative of our Bahamaland on why when the web shop were illegal the Police could not shut the illegal business down but yet micracuously the Bahamas authorities was able to have full compliance as no other country in the Caribbean for businesses to be made to pay Value AddedTax on every single chargable item. Or why is it that the a uthorities can identofy every voter in ever lil jook jook corner in every constitiency but could not loacte or shut down the then illegal web shops.
This issue does not seem to be going away even though they are now legal and they dhould not be persevuted for what they are. The govt made them legal.
Given the horrendous infractions in many Ministries over such lengthy and continuing period it seems like officials are just playing musical chairs.
Instead of forming a Public Integrity committee to investigate officials who are likeky of having no integroty ....which might be no big deal.....should instead have a Commission of Inquirt with the power to hsve sopeanas served to bring in officials to testify and jail those found guilty.
Jail time is needed. Playing musical Chairs and playing Christopher Columbus after election is silly and an insult to peoples intelligence.
People vote out one group and as Branville McCartney says they are the same coin only to get the other group should be proof.
Hopefully Doc Minnis can break thic cycle especially as he is a CEO running the business of the people.
bogart says...
47 murderers were also involved with another murder.
Simple execution following Caesars law would have saved 47 lives.
It is questioned by some MP that if your views before election is not to hang then it should be stated before.
The head of a church did give a speech at an annual church gathering on Forgiveness.
Everybody all kerpunkled up but plane common sense is if you executed murderers then it is absolutely guarranteed that dey aint coming back to murder again.
Poliyicians are very smart educayed at the best foreign schools and logical people and can see this lawful practical aspect but......fail the majoroty of thr people in carrying out this job.
On Murder study suggests allowing death penalty to reduce killings
Posted 19 October 2017, 8:04 p.m. Suggest removal
bogart says...
Wasnt some politicians talking about giving the same exemption benefits to depressed areas of Nauuau or over the Hilldepressed areas just as Bay st areas was getting.?
Only this time the word surgical is being used.
As for fast rrack this is nothing new. Just need to have some connection to someone without integrity or ethical standards and its fast tracked. Tipping I believe means to insure prompt servive also.
As for ease of doing business you still have to deal with the bank and lawyers who will actually tell you that iit is a conflict to go up against a bank.(they are on a bank approved list and cannot sue the bank )Try going to the Central Bank and they will tell you they cannot intervene. SAME Politicians usually appoint the Directors and Govenor.
As for training Bahamian employees well that too is not new and as and Bahamian banker will tell you it is the Bahamian banker who has to train foreign staff while getting a lower salary.
Investments to islands are nothing new...and Bahamian birthright land is given to attract .....Bahamians get jobs go for a loan at the bank and profits are ratriated to Barbados or some country who control the local banking indistry and dictate the type of loans and volumes Bahamian loan officers must give to get a pay increase.?....give as much investments but what if the returns build up jobs in other Caribbean countries bad loans and all the are second hand japanese cars in return..walks like a duck...talks like a duck.....
Suggestion ....to build start with a good foundation Go yhrough all depts, investigate, jail time for wrong doers....
On Gov’t unveils ‘fast track’ work permits
Posted 19 October 2017, 5:55 p.m. Suggest removal
bogart says...
The shipping companies or some 19 Bay st investors ponied up 1 million each to move into the new port with some 40z% ownership amd preference shares with guarranteed 11% interest to have some 25 year monopoly and no other harbour to be built within some 20 miles area and still keeping properties on Bay St but at the same time plans were done for port in Northern Abaco and canal to be dug to recreate previous canal the lumber company filled in some 100 years ago so the fishes can go back to theor habitat.. Really how many fishes around there still remember they used to swim in some canal between little abd big Abacu. Loan for some 65 million was borrowed from the ChineseMind ypu funding for the Arawak port was done by giving interest free loans ftom the Public Treasury to govt employees to buy ordinary non voying shares. Perhaps with this as prescedent BEC employees getting loans is ok.
On Churches’ opposition to lottery ‘impractical’
Posted 19 October 2017, 5:04 p.m. Suggest removal
bogart says...
Webshops have laundered money for how long into a small island economy and now eight families with monopoly for 10 years is not fair to the real estate market and unfair to businesses who have followed the law.
What happens if they went into the Laundry Washing business with all funds they are generating from their already ecpansive businesses.? Or started law firms, or medical businesses or accounting agencies ? Or lobbying firms to lobby politicians ?
On Churches’ opposition to lottery ‘impractical’
Posted 19 October 2017, 1:54 p.m. Suggest removal
bogart says...
Cannot tax and regulate a systen that was voted unconstitutional by a nationally held referendum.
Cannot, not stop it since it will go underground is flawed because if every voter can be found to register in every jook jook corner and cay is ridiculous anyone can be gound.
Everypne can be found in Nassau to vote, everyone doing illegal gambling can be found. Ask the Punch.
Our Police can find anybody if the conditions are right and everyone knows this and can perhaps offer some advice when it is difficult. Do not underestimate the majority of God fearing law abiding Bahamians. They have always been in the majoroty.
On Churches’ opposition to lottery ‘impractical’
Posted 19 October 2017, 12:25 p.m. Suggest removal
bogart says...
Fair
Year after year who ever rules govt comprising of 40 or so dedicated Bahamians appinits Senior mansgement and Directors to run money failing agencies under their control....
bank of the bahamas
mortgage cprp.
development bank, bahamasair,
water and sewage
bec
etcetc
Yet to date noone has been jailed for failings or investigations ad though nothing illegal was done wrong.
There really needs to be persons looking out for the small man.
We need to separate tje functions of the Central Bank whose Govenor and Board of Direvtors are appointef by the winning party.
As in the UK where the local politicians like to say they have similar systems but differ csuse at the slighest UK scandal they resign but here it isnt so.
We need as in the UK a financial conduct authority to monitor and oversee the bahamian banking sector.
Bahamians cannot afford to hsve all these financial failongs and irregularities continue with the apparent overview and appoints by any 40 Bahamian members of Parliament
Sadly it seems that only the voters are wrong and get what we deserve as whosoever is in power gets their own tv channel and talk all sorts of important things about makong things better and these agrncoes still lose money.
Ohdrap5 you mean to say that the man who bought scotia mortgages wasnt white?
You are correct happyfly.
The appoints OF THE Central Bank Govenor and Dorectors so in light of the lack of caring and enabling stabi.ity to knowingly oversee that 100% bankfee incrrase will be detrimental and cause a ruckus albbeit slower than st kitts people especially in a country a glober leader in proper financial dealings is certainly questionable. Persons responsible certainly should be promoted and put in a more important position.
On Homeowner Protection Act must be 'fair to all'
Posted 19 October 2017, 11:11 a.m. Suggest removal
bogart says...
How come such massive losses, economy devastated, 4000 martgage accounts in default and only the Mortgage Bosses talking about fairness?
This debacle destroyed so much and still cripples the Bahamian economy and the govt tried looking out for the common man.
The pore Black man or pore White one is always at a disdvantage when going up against large multi national global banks who seem to have the govt jn its grasp. And The rich always hang together looking out for themselves.
When you pore down an out nobody looks out for you,, believe you me, you aint have no friends, cept a few polliticians round election time.
Bizzare no investigations into this massive mortgage loan debacle.
On Homeowner Protection Act must be 'fair to all'
Posted 18 October 2017, 5:45 p.m. Suggest removal
bogart says...
Trust yinna to seek foreign help to find out what is connon knowkedge.
Almost 1 billion in loan money is tied up in bad loans. 4000 mortgage accounts have failed. Wuth usually two persons pet account being husband and wife to meet TDSRtotal debt serbvce ratio of 45% of income. Persons are still working trying to salvage homes. Those homes which ate sold are sold at a loss but because the indemnity insurances may have not been adequate as a condigion of lending remaining outstanding balances enforced by legal judgments are used. IN freeport morygage loand are undereater a term used that the pror valuation in the good days has now dropped and the mortgagors are repahing loans not worth the value
Given that appraisal valuatoons have dropped because ghe glut of unsold houses, damages from lack of repairs the market is down. Coumpounding the problem is that lrnders have tightened ghe losn rrquirements so fewet are q ualifying versus when the applications were easy to qualify and not so rigorous with now credit risks depts etc.
The 45% debt atio is still used from some 25 years ago even though not one sinhle expense yhe applicant has is any lower. While interest rates have dropped but customers home ownrtsjip rates have increased fewer can qualify versus the past where an srgument can be made that morygages were easy to qualify because of predagory lenfing or the lendrs did not give a damn as the banks still had the house to sell and customet by Court Judgment to repay any shortgage. Loan officers were also given cash bonuses or win SUVs for giving out the most loans. Loans targets are now used to bring in loans. Foreign head and quedtions can be made as in whose interest they operate. Whose interest does our Centrsl Bank serve.etcetc
.
Investigations are needed and where banks are neglient ot failed due care and attentoon to the mortgage customets the fines sjoild be in the billions as the effects of their pllicies have been disasterous as the Committee is finding out.
It takes two parties one is the bank and the other the customer. 4000 joint customers could not have all been wrong.
Institutional slackness has caused derisking, and decrease of foreibn banks wanting to do business not the customer. Our offshore banking has decreased.
Investigations are needed and inefficient officials fired or jailed as their actions or inactions have put the ecpnomy in this position.
Separation of the Bank Supetvision Section of the Central Bank should be made and they shojld also do the audit of banks.
On Economy 'still struggling from 2008 crisis'
Posted 18 October 2017, 3:54 p.m. Suggest removal
bogart says...
Figures sometime ago is that the 8 businesses revenues are some 137 million or so. That does not include rental buildings yo govt or condos etc. Before, during and after legislation.
It is not a matter of revenue or social impact on communities which the LongIsland community leadrs are complaining about. The web shops are now legal by law it is not their fault. They democratically did what they had to do.
Now questions should be raised on the Police Commissionet who is being promoted as a representative of our Bahamaland on why when the web shop were illegal the Police could not shut the illegal business down but yet micracuously the Bahamas authorities was able to have full compliance as no other country in the Caribbean for businesses to be made to pay Value AddedTax on every single chargable item.
Or why is it that the a uthorities can identofy every voter in ever lil jook jook corner in every constitiency but could not loacte or shut down the then illegal web shops.
This issue does not seem to be going away even though they are now legal and they dhould not be persevuted for what they are. The govt made them legal.
On Numbers House hired ex-board chairman
Posted 18 October 2017, 3:09 p.m. Suggest removal
bogart says...
Given the horrendous infractions in many Ministries over such lengthy and continuing period it seems like officials are just playing musical chairs.
Instead of forming a Public Integrity committee to investigate officials who are likeky of having no integroty ....which might be no big deal.....should instead have a Commission of Inquirt with the power to hsve sopeanas served to bring in officials to testify and jail those found guilty.
Jail time is needed. Playing musical
Chairs and playing Christopher Columbus after election is silly and an insult to peoples intelligence.
People vote out one group and as Branville McCartney says they are the same coin only to get the other group should be proof.
Hopefully Doc Minnis can break thic cycle especially as he is a CEO running the business of the people.
On Immigration Minister, Deputy PM looking at how to fund increased repatriation exercises
Posted 18 October 2017, 11:47 a.m. Suggest removal