Comment history

observer2 says...

"officials were still receiving results associated with the 83 suspected cases".

Does anyone know why is it taking so long to evaluate these 83 cases? Sounds like a cluster of people and not just scattered persons coming in one by one.

Also, does anyone know how long it takes to test for Zika and to get the results back?

Something doesn't make sense here.

observer2 says...

At best the accounts of the government are non transparent. At worst there is a "black hole" somewhere in the interface between BoB, NI, Resolve and Governments General Fund.

I don't understand why Moody's didn't downgrade the company to junk as allowing BoB to continue to operate is clearly a systemic risk to the Countries financial stability.

With hundreds of millions of assets on its balance sheet why would anyone believe that the $24 million is the last of be financial bleeding?

observer2 says...

If Judas betrayed the Son of God for 30 pieces of silver, why are we alarmed at the Baha Mar deal?

observer2 says...

Why should the FNM or Fred Smith bear the cost of a Judicial review?

Bahamians are to cheap to pitch in with legal fees.

So I say let the the PLP give away our children's birthright to the Chinesse.

observer2 says...

Each of us as Bahamians must take Zeka seriously and remove garbage or open containers around our homes that accumulate standing water where mosquitoes bread.

Our leaders (Christie, Minnis, Butler and McCartney) should come together and have a National Clean Up and Zika Awareness Day. The entire population, especially in the Southern Islands that are overrun by mosquitoes must come together and clean up our Country.

observer2 says...

Yes, where are these cases specifically in Nassau? Were they in Pinewood? Are the 4 cases in a cluster? Have the 83 persons who have been tested negative?

We have gone from 1 to 4 which is the initial phases of exponential growth? At this rate next week there may be 16?

What about where the cases were located. Have health officials organized a community effort to clean up the area?

So many questions?

What is the plan if a developed country puts out a travel advisory to the Bahamas? What about our tourism product?

observer2 says...

Each of us as Bahamians must take Zeka seriously and remove garbage or open containers around our homes that accumulate standing water where mosquitoes bread.

Our leaders (Christie, Minnis, Butler and McCartney) should come together and have a National Clean Up and Zika Awareness Day. The entire population, especially in the Southern Islands that are overrun by mosquitoes must come together and clean up our Country.

If we do little or just rely on the Government and Zika spreads and some of our island are designated as "Zika hot zones" by developed Countries, our tourism, which is already hurting will be hurt further.

observer2 says...

so many junk yard planes flying in da bananas. only prayers keep we alive.

observer2 says...

Banker, you are correct.

I will add that the biggest eminent threat to the financial system is the "semi-licensed" web shop industry which is running a parallel banking system.

At the webshops you can "deposit" and "withdraw" funds, open accounts etc. and through loosely affiliated entities they are providing loans and participating in the real estate industry.

Through BoB they have access to the wider local banking system and the international correspondent banking system. Canadian banks are attempting to quarantine themselves from the gambling industry but this is not possible as banks are the viens and arteries of the financial system.

Ingraham is absolutely correct, it is only a matter of time before more correspondent banks pull out of the jurisdiction because of thier inability to detect money laundering on downstream clients.

Meanwhile the Central Banks lacks the independence to shut down BoB which has been operating in breach of capital requirements for years. The longer this is allowed to continue the harder the fall when it occurs. Just remember the 2008 global financial crises when Lehman Brothers went bankrupt and the entire financial system would have collapsed if it was not bailed out by the US governments.

Through Resolve, a labrinth of government deposits, letters of support and new government employees being forced to bank at BoB the fix is in.

observer2 says...

John, you are correct. Why should only Bahamians live in VAT Hell. All I'm doing is warning foreigners that VAT audits are intrusive and are now focusing on non-Vatted imported foreign services.

Bahamian service professionals would also agree with taxing these services because when they provide these services their clients have to pay VAT so it will level the playing field.

The international services provided by foreign firms to trusts, mutual funds and foundations include legal, audit, compliance, accounting, IT, financial information, stock quotes, cloud computing, custodian services, head office recharges etc. The list is very long and the services provided would add up to hundreds of millions of dollars.

Nice to take some VAT out of that to help the Bahamas.