SP 9 years, 9 months ago on Minnis warned he is ‘playing a dangerous game’
Minnis warned he is ‘playing a dangerous game’
Strong articulate modern woman my ass!.....BLT is an overweight, angry martian unable to acclimatise to earths gravity!
pablojay 9 years, 8 months ago on $100 million rescue plan for ailing BOB
$100 million rescue plan for ailing BOB
In any other country or financial institution , this article would have said,"Paul McWeeney, FORMER managing director BOB." Alas,this is the Bahamas, the PLP. I wish i had no shame like him,see how haughty he looks in that picture,he is probably saying thank God because of me it is only $100 million .WOW!
The_Oracle 9 years, 8 months ago on $100 million rescue plan for ailing BOB
$100 million rescue plan for ailing BOB
The shareholders are all "good old boys and politically connected" Therefore, the move to "bail themselves out" is purely political and akin to insider trading and subsidy. Average Bahamians better start waking up to the harsh realities these fools and crooks will not face as they have left to join their foreign assets!
Well_mudda_take_sic 9 years, 8 months ago on $100 million rescue plan for ailing BOB
$100 million rescue plan for ailing BOB
THE SITUATION I ENVISIONED 4 MONTHS AGO (SEE MY EARLIER COMMENT ABOVE) HAS TURNED OUT TO BE INFINITELY WORSE THAN I COULD HAVE EVER IMAGINED. MANY MILLIONS OF DOLLARS HAVE BEEN STOLEN BY POLITICAL FRIENDS AND BUSINESS CRONIES OF CHRISTIE THROUGH THE CORRUPT LENDING PRACTICES OF BOB, A BANK MAJORITY OWNED BY THE GOVERNMENT FOR WHICH CHRISTIE HIMSELF AS PM AND MINISTER OF FINANCE HAS SAY, SWAY AND COMPLETE RESPONSIBILITY FOR EVERYTHING THAT GOES ON AS A RESULT OF HIS APPOINTMENT AND/OR RETENTION OF HIS VERY OWN PUPPETS TO RUN THE BANK!!!!!!!! NOW CHRISTIE HAS THE SHAMEFUL TEMERITY TO HEAVE THE MEGA MILLIONS IN LOANS DEFAULTED ON BY HIS POLITICAL FRIENDS AND BUSINESS CRONIES, LOANS THAT HE HAD A HAND IN ORCHESTRATING AND APPROVING IN THE FIRST PLACE, ONTO THE BACKS OF THE STRUGGLING BAHAMIAN PEOPLE VIA A BOGUS ENTITY THAT HE HAS DECIDED TO CALL "BAHAMAS RESOLVE." THE ONLY "RESOLVE" CHRISTIE HAS EVER HAD IS FOCUSED ON AIDING AND ABETTING THE RAPE, PILLAGE AND PLUNDERING OF THE BAHAMIAN PEOPLE BY HIMSELF, HIS POLITICAL FRIENDS AND HIS CORRUPT BUSINESS CRONIES.
Well_mudda_take_sic 9 years, 8 months ago on $100 million rescue plan for ailing BOB
$100 million rescue plan for ailing BOB
4 MONTHS AGO I POSTED THE FOLLOWING COMMENT ON THIS WEBSITE: "McWeeney is telling all stakeholders in BOB to brace themselves as BOB's financial condition and results of operations for its fiscal year 2014 will be much worse than the previous fiscal year. This is a very bitter pill for many to swallow given BOB's very poor state of affairs as reported in it audited financial statements for fiscal year 2013. By BOB's own admission in footnote 7 to those financial statements, only $152.4 million (2012: $331.4 million) of its total loans of $735.1 million (2012: $687.6 million) were considered to be a "satisfactory risk". All other loans were either past due or impaired as of June 30, 2013. Footnote 7 to last year's audited accounts also disclosed that this situation existed after having already written-off loans totalling $17.2 million and having already made additional provisions for further possible write-offs totalling $21.2 million (one can only wonder how many of these loan write-offs involved politically connected borrowers!). Restructured loans for fiscal year 2013 also increased by 56% compared to the previous year. The very significant deterioration in the quality of BOB's loan portfolio was further evidenced by the very significant spike in non-accrual loans as a percentage of total loans and total equity (non-accrual loans are poor risk loans for which no interest can be accrued as earned). Meanwhile footnote 24 to BOB's audited accounts for fiscal year 2013 disclosed that directors' fees had increased by 51% compared to the previous year and loans and advances had been made management at a low average interest rate of 2.6% per annum. To help BOB in fiscal year 2013, Christie, Gibson and McWeeney arranged for $32 million of National Insurance funds belonging to the hardworking people of this country to be injected into BOB as additional needed capital. With McWeeney warning us that BOB's financial situation for the coming fiscal year 2014 will be much worse than 2013, one can only wonder how much more of the peoples hard earned National Insurance money will be ploughed by Christie and Gibson into BOB to support its practice of making loans to politically connected persons that frequently are defaulted on and later written-off according to recent revelations in the local press."
Reality_Check 9 years, 8 months ago on $100 million rescue plan for ailing BOB
$100 million rescue plan for ailing BOB
Simpleton Christie and his duplicitous accomplices (Paul McWeeney and Wendy Craigg) obviously decided it is better to give all Bahamians the royal shaft rather than just a subset of Bahamians like the depositors/creditors of BOB or the contributors to the National Insurance Fund (the NIB is a major shareholder of BOB). It really defies logic that as recently as last year, Christie as PM and Minister of Finance and Shane Gibson as Minister with responsibility for NIB, decided to increase NIB's shareholding in BOB by injecting $32 million of capital funds notwithstanding the known but unbooked mega millions of loan losses within BOB's loan portfolio. THIS WAS A ROYAL BREACH OF TRUST PERPETRATED ON THE INTENDED AND RIGHTFUL BENEFICIARIES OF NIB's TRUST FUNDS BY PERRY "VOMIT" CHRISTIE, "SHAMELESS" SHANE GIBSON, "DUFUS" PAUL McWEENEY AND "SPINELESS" WENDY CRAIGG. THIS BREACH OF TRUST IS ONLY AMPLIFIED BY THE BREACH OF TRUST THESE INDIVIDUALS NOW SEEK TO PERPETRATE ON THE BAHAMIAN PEOPLE AS A WHOLE THROUGH THE CREATION OF A BOGUS ENTITY LABELLED "BAHAMAS RESOLVE" WHOSE ONLY BENEFICIARIES IN THE MAIN WILL EVER BE FAVOURED CORRUPT POLITICAL FRIENDS AND EQUALLY CORRUPT BUSINESS CRONIES OF NONE OTHER THAN PERRY "VOMIT" CHRISTIE!!!! OF COURSE VOMIT WILL SHAMELESSLY CLAIM: "BUT HUBIGITTY WAS A CROOK IN THE SAME WAY TOO, SO I AM JUSTIFIED IN BEING SIMILARLY CROOKED!" THEREIN LIES THE LAMED BRAINED LOGIC OF CHRISTIE!!!!!
ThisIsOurs 9 years, 8 months ago on $100 million rescue plan for ailing BOB
$100 million rescue plan for ailing BOB
Mrs Arnette Cash deserves an apology from PGC. Anyone who attempted to expose this foolishness needs a thank you from the Bahamian people.
Well_mudda_take_sic 9 years, 8 months ago on $100 million rescue plan for ailing BOB
$100 million rescue plan for ailing BOB
Bahamian businesses now have every right not to register for VAT as the Christie led government has essentially admitted that this new tax is being sought for all sorts of nefarious reasons other than paying down our National debt. Revenues from VAT are destined to be squandered in the direction of the favoured few by corrupt schemes of one kind or another like the corrupt lending practices of BOB that have gone on for years under the watchful and approving eyes of both the Christie and Ingraham led administrations. Now we know why these two evil men have never served as PM without also serving as Minister of Finance. They and their cohorts are corrupt to the core!
duppyVAT 9 years, 7 months ago on FINCO’s $22m ‘warning’ affirms mortgage crisis
FINCO’s $22m ‘warning’ affirms mortgage crisis
Its only a matter of time before the Canadian banks cut their losses and leave The Bahamas and the Caribbean .......................... the legalization of the numbers bosses is the last nail in the coffin.
asiseeit 9 years, 7 months ago on FNM leader: Christie administration 'paralysed' in the face of crime
FNM leader: Christie administration 'paralysed' in the face of crime
Newsflash Dr. Minnis, the nation is paralysed by crime. As duppyvat states the safety of the people is a function of government and in this regard The Government of the Bahamas is an utter and complete FAILURE. You and yours (the political elite both FNM and PLP) are perceived to be CORRUPT and more interested in power than LEADERSHIP. the political elite cares more for a VOTE and POWER than the NATION and it's well being. You and your are the ROOT cause of crime in this country and until the political leadership of this country comes CLEAN we are doomed!
DonAnthony 9 years, 7 months ago on FNM leader: Christie administration 'paralysed' in the face of crime
FNM leader: Christie administration 'paralysed' in the face of crime
As an example of swift judicial action and what is possible, several years ago in England there was a large riot. 3000 persons were charged with various criminal acts. Extra judges were added and the courts operated 24/7. Literally at 3 a.m. in the morning cases were heard. Needless to say in one week all 3000 cases were adjudicated. We need that here if we are serious. Justice must be swift and it must be seen to be done, otherwise we have our current situation where no one respects the law as they know there is very little chance they will be punished for their crime.
DonAnthony 9 years, 7 months ago on FNM leader: Christie administration 'paralysed' in the face of crime
FNM leader: Christie administration 'paralysed' in the face of crime
Well it is not so simple. If the judiciary was working properly, leading to the incarceration of these many serious prolific offenders, where would we put them? The most urgent need is for a new, modern prison with at least 2-3 times our current capacity. Our current prison was designed to house 800 inmates and it regularly exceeds 1800 on any given day. I visited the maximum security section of our prison for one day and was shocked and nauseated. Indeed I came home, threw my clothes in the wash, showered and slept for 3 hours. It was in the summer and each 6x6 cell had up to 5 persons in it, with a slop bucket usually not emptied for the day. Men were pleading and begging for water. They were absolutely drenched in sweat and the scent was nauseating and indescribable. in short what I saw was human beings housed like animals. Some may say this is good, but I say if we dehumanize someone for years and treat them like animals, how can we expect when they are released that they will suddenly assimilate themselves in a healthy manner in society. We need to upgrade the facilities to a humane level and offer true rehabilitative programs, it is in our own best interest otherwise we will have a very high rate as we currently do of recidivism.
asiseeit 9 years, 7 months ago on Bank of The Bahamas: Just so many unanswered questions
Bank of The Bahamas: Just so many unanswered questions
These questions will never be answered. The political elite has once again made off with millions of the peoples money and we will never see it again. The other thing that will not happen is someone, anyone, being held accountable. The Bahamian Mafia strikes again!
Girly 9 years, 7 months ago on QC: VAT rejected if no ‘value for money’
QC: VAT rejected if no ‘value for money’
I think we need to have a building with executives just like the National Insurance Board that can efficiently regulate the money that is coming in and give an accountability to the public. We should also ensure that a separate task force is in place to counteract the negative effect that this may have on investors and tourist alike an the reason for the added tax and why they should continue to come here just like the commercials advertising our country. There should be commercials on going and pamphlets available in our newspapers to adequately inform person's both local and tourists. I don't know if these are already in place but if not they should be.
happyfly 9 years, 7 months ago on 'Courts should consider holding commissioner in contempt'
'Courts should consider holding commissioner in contempt'
Fancy the head of the Bahamas BAR convincing himself that the deplorable state of the country's legal system calls for a discussion on the semantics of how one should criticize the judiciary....well done old boy....that'll show them ?
Why dont you go back to your comfy office and sip on another juicy real estate deal while the peasants burn the town down
hj 9 years, 6 months ago on ‘FNM has motive for BOB alarm’
‘FNM has motive for BOB alarm’
As I said don't be shy name everyone despite their political affiliation. I don't care which party they belong to. Just say who got loans and never paid them back
HarryWyckoff 9 years, 6 months ago on ‘FNM has motive for BOB alarm’
‘FNM has motive for BOB alarm’
Is Christie for real??
BoB is an international disgrace - no one needs a 'hidden' motive to demand answers and action.
This government is terrifying in it's utter incompetency, along with a dictatorship-level of disregard for the people it is sworn to serve.
Christie - I hope one day you look in the mirror and see the truth - you and your 'pack of thieves' are a disgrace to The Bahamas and the people of The Bahamas.
licks2 9 years, 6 months ago on ‘FNM has motive for BOB alarm’
‘FNM has motive for BOB alarm’
Our PM is just out of control and carrying on like a foolish man who has lost his head!!! He fail to see that the reason the Bahamian people are saying "this election taking sooooooooo long to come" has nothing to do with the time being a little over two years now. . .BUT THE PRESSING DESIRE TO GET RID OF HIS BACKSIDE. . .ALONG WITH HIS BAND OF CORRUPT CRONIES!! HE BETTER ENJOY HIS LAST DAYS IN THE PM SEAT. . .HIS GOOSE DONE COOKED. . .WE CANT WAIT TA PUT ONE JOOKING ON HIM!!
The_Messenger 9 years, 10 months ago on Minnis demands audit of BAMSI
Minnis demands audit of BAMSI
Here you go, I managed to find some pictures which were taken a few days ago according to the website. I am not a contractor but if that has cost them 50 million dollars so far something is very wrong.
http://www.thebahamasweekly.com/publish…