A simple lawsuit by one customer asking the court stay the bond repayment port of his bill on the grounds that he did not agree to lend BEC any monies should make the entire house of cards fall apart.

Parliament can commit the Bahamas to repay a debt but parliament can’t force an individual to incur a specific debt that individual didn’t agree to assume.

When customers open a BEC account they only agree to buy electricity, not debt. At the very least BEC should have all customers sign or notified that the terms of their electricity supply contract has changed and they are debtors to these new foreign masters.

First you start with light, then water, the. Post office then national insurance where do we stop when we directly saddle individual Bahamians with specifics debts.

There is zero precedent globally for such a bond.

Normally Bahamian sovereign debt is 2 to 3 times over subscribed, because they only have indications for 90% means that foreigner a lil afraid a BEC dem. Where are the up to date audited accounts? Where is the prospectus? Where is the road show for Bahamian investors? Where is the moody rating? Where are the exact projects for the funds raised? Where is the BEC tract record of collections ... lol, if Dey can’t turn off da lights of ppl on the protection list how can you collect bond interest from dem.

I ain know who Dey tryin to fool wit dis set a nonsense.

I assume opposition lawyers are just waiting for BEC to put the line item in a bill before bringing the litigation on behalf of one customer.

If one get set aside den ain nobody ga pay.

FNM need to stop harassing da people’s dem.

Yeah ThisIsOurs, da last Island name after a foreigner near Lyford Cay don’t look like it ga end well.

Wow didn’t know RPT bills could be that high for a piece of scrubby out Island.

I guess he will soon shut it down due to Dorian, VAT, government nonsense.

25 Bahamians will loose their jobs.

But Minnis say full employment comin, so don’t sweat the small stuff.

Anudder foreigner get swing. Plenty more where he come from. Ain no shortage a money and fools.

If da deal less dan $100 million don’t complain when you get gossey.

Thanks for input Porcupine. Unfortunately, no one in government, banking or multi nationals are listening.

Most ppl are not even looking at these blogs which have some very valuable input.

Many time I just feel like deleting my blogging input because it seems to be a complete waste of time.

You never hear Cable Bahamas castigate their workers. Never read about how bad Cable Bahamas workers are.

It is so disgraceful having elected politicians castigate the voters who elected them while running a loss making government owned utility.

In all 7 of the G7 developed democracies utilities were run by private industry over 50 years ago.

Another small poorly capitalized financial institution structured and approved to fail set to in about 5 to 10 years.

I wish the Press, government and financial industry participants would stop fixating on carving out laws to circumvent and assist global citizens in minimizing their legitimate home country tax.

A low corporate tax of 3 to 5% is laughable when the developed world income tax rate is 17 to 30%. Its the same nonsense as foreigners getting permanent residency tax certificates by only living in the Bahamas for 90 days when the developed world standard is 183 days. Just who do they think they are fooling. We have just designated ourselves as a nation for sale to rich ppl.

Have any of these professionals and government officials lived in the US or Canada and worked with their financial systems just to see how technologically and legally backwards we are? How backwards our ACH transfers, credit bureau/scores, probate, trust, tax, exchange controls, regulators, securities trading, zero access to global markets for the average person etc are?

The Bahamas needs to focus on improving the financial access to average Bahamians.

Without an open, efficient and low cost financial system we will never solve unemployment, staggering government debt, crime, D level education because the financial system jams everything up. Banks and the government charge almost 5% just to wire money to the US. By the you add in VAT, VAT on duty, shipping etc. ppl are only buying the cheapest, low quality Chinese products including now food and drinks which are making the average person sick.

Proudloudman. So the governments Dorian count of missing persons is correct?

Extracting sand from the sea bed for sale doesn’t cause coastal erosion.

Drilling for oil in our pristine oceans is safe?

Cutting down hills in Nassau doesn’t cause flooding?

Bunker C diesel used by BEC and Shell is environmentally friendly?

Borrowing $600 million for more polluting diesel generators is prudent?

Building up the cruise port in Nassau is sound environmentally?

Selling hundreds of acres of Lighthouse Beach to Disney for a couple of jobs and cruise ship per head tax is a fundamentally sound way to develope Eleuthera with no need for schools, parks, roads, utilities etc?

With these types of development let’s not be shocked that so much foreign labor needs to be imported...because the government is not investing in Bahamians for decades.

What about the 10,000 cruise ship visitors everyday?