I'm sure the restructuring is based on taking the current outstanding value and placing it on 100% of the home equity and then telling people to pay a slightly lower rate. And now there is a company who will have much lower reservations in kicking them out once they miss the first payment.

That's on top of the fact that these mortgages were probably bought for about 50-65 cents on the dollar.

Here the Tribune is celebrating the sale of mortgages from a stable institution to the hands of what we will all see in the coming year as a bunch of loan sharks.

BOB can write it off, RBC has actual shareholders that don't like to see loses. A drop in the bucket is enough for them to start raising all of your fees. Trust me, when I say the Bahamians will pay for any loses, not the shareholders.

Rightfully so, there is little to no money to be made here. With all of the anti money laundering laws, there is really no purpose in being here. Canadian's no longer care about this place and they will not continue to just sit and let their banks take loses in a place that they couldn't bother with.

Neil Hartnell wouldn't know how to write a story if Franky the Snake didn't call to tell him what to write. The Tribune's business section is no better than a publicity stunt for Nassau's cast of upstanding crooks.

We all better watch what we say on here now. This is a slippery slope and we are already sliding.

Shut up Birdie. Stop trying to tear down good ideas. You are defending the problem and never supporting a solution.

Nobody outside of the Bahamas ever thinks of our lawyers or legal system unless they have the nightmare of having to do anything with it. Stop thinking we are something special, we aren't. The sooner Bahamians understand that, the sooner we can start fixing all of our problems.

Are you going to keep rambling on forever on this thread with your nonsense? You sound like Birdie right now!

Bahamian are being obliterated because they keep believing the lying scumbags who are suppose to be running this country. Blame a failed education system with no hope for the future and the theft of all of our tax money by sleazy politicians.

If you are blaming immigrants for our problems instead of realizing that Bahamians have brought this country to the broken down state that it is.

VAT at 15% and customs duty at 0% would reduce the costs overall. Current duties cost consumers and businesses far more than a 15% VAT ever would.