Since Bank of Bahamas transferred all the Delinquent Dead Political Loans to Resolve Recovery, Reconstruction and Forgiving Corporation, and NIB does not have to fund them any longer, plenty money now in NIB that has to fund some sort of losing projects and maintain the Bahamas Government Financial reputation. Also, if I recall correctly VAT was to be implemented at 15 percent, but now only 71/2 percent and the Rating agencies and IMF have recommended Personal and Business Income Taxes, we going shopping. The Bahamas Government has a long track record in business Ownership and Management.

Since the New FNM Government members cannot be bribed with corrupt deals (yet) these enterprises voted down by the majority of the people are now through the use of the Media trying to convince the public that they are GOOD community members and avoid being shut down and replaced with a national lottery ( that all Bahamians can benefit from) by advertising that they are giving back 5 cents of each dollar wagered on their gambling machines back by way of temporary employment opportunities. People, stop. think of who are now the web shops consultants and top executives. Ever heard of Bahamas Junkanoo Carnival, the National plan etc,etc.

The only Bahamians advanced ( moved forward and upward to a better life) is himself, his family members, his Cabinet friends ( ministers give the presumption that something is expected to be accomplished) their family members, sweethearts, children out of wedlock and friends. Why goes the Bahamian Media keep going back to Disgraced Corrupt Politicians for news, there had to be a time when Bahamians take their deterring way of life serious and look to the future with solutions to make life better for all bahamians..

Its a sad day for the Bahamas and all Bahamians when Illegal foreigners can threating the bahamas government because they were WARNED that unless they are made legal residents before December 31 2017 ( 75 days) and be entitled to all the benefits of the country as a bahamian born in the Bahamas to legal resients parents or Born Bahamians Parents they have to leave or be deported back to their homeland. The present day Government must cut off the head of this monster now.period... If not they will write the pages of history to the loss country of the bahamas very quickly. implement the law of the land to all.!!!!

It Becoming more and more apparent that the Bahamian electorate distrust politician Lawyers.
They tend to show arrogance and disrespect for the people are self centered and corrupt to the highest degree when given the chance to govern. News Flash, stay in your robes and wigs at the courts.

The News will soon come that you will need to have contributed to NIB for 100 years to be able to draw a pension from NIB. Of coures it will be retroactive to 1967 like our great PAPA did in 2011.

come on man!!! We all heard Minister Halkitis say there were negotiating fees, commissions and a couple of the cabinet ministers and party supporters had birthdays that month. Or was that VAT. Either way we know where the money gone.

As someone who has been in the Mortgage Loan Underwriting (Front End) and the Mortgage loan Default management (Collections and loan mitigation ) the ( Back End) for many years, The Bahamas Mortgage Loan Industry need to establish a Bahamas Uniform Standards of Professional Appraisal Practice allowing only persons who have been Trained and Certified to produce a uniform Real Estate Property Appraisal based on the Appraisal Standard. No Drive by inspections or Realtor Property valuations. Appraisals should include at least 1 comp of sold property within last 6 months, 2 comps of sold properties within last 12 months and 1 property for sale with all comps within 1 mile of the subject property.
Banks should review and approved all mortgage loan through a Loan Approval Committee make up of mortgage loan officers and none mortgage loan officers of the bank, with written documentation records of the reason(s) the loan was approved or denied. Remove the responsibility of 1 individual making the decision. Collection departments should have, 15 day late collectors, 30 days collectors, 60 days collectors and 90 days and Loan Mitigation collectors, so that at every late stage the file is being reviewed by a different person/collector..

There is a new government in Town. You are now authorized to report the correct statistics and stop padding the figures. this the people time!!!.

its very difficult to graft an oak tree. if the trunk ( the people in government) are immoral and corrupt you can not have the branches ( laws) to effect change. If laws are going to work, you must have governments who are morally committed to uphold them. Short term Investors love corrupt governments, why, they know that the governments are not committed to long term results and neither are they. Only governments can bring about Investors long term meaningful investments and results, by displaying to the world that they will do business above board, transparent and ALWAY for the tangible long term betterment of the country and its people and not for the betterment of the individuals representing Governments, their family members and Lovers as have been the case for far too long in the Bahamas. To my knowledge 30 percent (%) maximum of all profits from International business are put into the local economy through salaries and in most of the cases on a short term basis. The present government must enact laws that will eradicate all perceived condoned government corruption and prosecute any and all government members of previous governments for corruption and if found guilty sent to prison and they and any immediate family members BARRED from serving in any future government of the Bahamas.