Dey mussy ain put enough grease and shingles in dey contract (I mean consultancy fees). I know dey ain “lotion” when playing wit day big boys (imf, un, vat, Bay St Boys, LC, Shell, Fortune 500 ...). Dey get .... over.

Dis ain you daddy’s PLP or FNM. Da big boys gone global. No longer 10% cash in. Bag. We talkin constancy fees paid to non transparent offshore companies that even anti corruption agencies of G8 countries can’t unravel.

Can anyone tell me why we even dealin with Shell with its documented history of corrupting third world countries and it’s terrible carbon footprint? The bananas will be underwater by the end of the century due to Shell selling nasty fossil fuels.

Every middle class Bahamian tryin to get dey kids and cash out. Any foo could see dis story ain ga end well for Bahamians. Excellent for rich foreigners with 90 day permanent residency tax certificates avoiding crushing 50% capital gains taxes in their home countries. But dis will crumble because the global standard is 183 days. We always takin short cuts.

I think you know who out west who mix up wit all da chinese, governments dem and errie foreigner take all dey business.

High end large real estate projects booming in de bananas. So many rich foreigners and Haitians on every single job.

Cavalier just did not evolve with the new corrupt environment. So dey gone like da dinosaur.

....but we learn nuttin.

20 years from now these no name brands will experience financial trouble like Gulf Union and Clico.

By that time Smithy will be long retired.

Agreed. Like Dorian II hitting Nassau should do it for RBC.

Also, they always say they are committed to the Bahamas when suddenly and without warning they will announce the sale to a no name banking brand like you know who did.

Hi Trueblue

Sorry I did get one D in BJC maths at da governments schooling

But you ain needs to be smart or get da mats right to see dey only have tief the $650 millions den turn da lights off again and come for more monies

So let me do some rough calculations

120,000 but only 50,000 pay there bills

Da loan is $650,000,000, divide dat by 50,000 ppl.

You get $13,000 for each paying customer have to pay off da bond

Say each paying customer pay $30 per month , den dey needs to make 433 payments

Divide 433 by 12 months means it will take 36 years to pay off da bonds dem.

I ain’t even calculate interest at 7%, consultant fees, mismanagement, changes the PLP will make when Dey take over and try fix da mess but only make it worse.

Dis bond just ain’t ga get pay, but Bahamians ga catch hell.

Most of the crown land is low lying and flood proned. UBP took all the high land over a century ago. So when Dorian II hits this land will be 30 feet underwater like Dorian I.

WTH...another housing project full of color fly by night contractors, accountants and authorities. The more things change the more they stay the same.

D'Agular heavily critized the Atlantis maids for bringing attention to their low pay.

But when his out west controlled BEC created an ESPN global black out for millions of ppl around the world to see as Battle for Atlantis went dark and ppl changed channels his mouth is shut.

D'Agular what is worse for the bahamas, dorian, maids stuggling for a living wage with VAT at 12% or BEC?

Naughtydread. Thanks for making this point. Sporadic, collective, peaceful, legal and non violent resistance which was practiced by Gandhi and Martin Luther King maybe help to focus our Lords and Master (yes we are slaves to BEC) to change course and not burden 20,000 BEC consumers with $650 million of debt ($32,500 per customer, for those who are not politically connected and don't have to pay for electricity).

Resistance would involve all Bahamian's including Atlantis for one month out of the year not paying the $30 bond fee in protest. It is not illegal to pay part of a bill, at least not yet, so the government would not be able to victimize all Bahamians or Bahamian corporations or Lyford Cay foreigners. We are all suffering under they tyranny of BEC.

Add up the cost of your generator, lost appliances, massive bills, oil and gas and you will see a subconscious collusion with the unintended impact of putting us all back 50 years.

So when dey charge da bond fee da man in Kemp Road electric bill ga double from $30 to $60. And da man in Lyford Cay light bill ga increase from $10,000 a month to $10,030 a month.

Light for government and high level guys will still be zero because the government guarantee and paying the bond off.