Did you know, that we still do not have any clue of who bought 40 million worth of Government bonds, in order for us to pay "bills"?

Did you know, when the government issues them, like any other loan, we will have to pay back the interest? So in reality this FNM government, borrowed money for us to pay back with interest to "private" investors?

This has many possible levels...
1. The economy was not as bad as they claimed it to be, for a government to be in a position to mead out bonds at the quick rate to investors, not even before they meet for a budget reading or a financial audit?

2. If we are running a 2.7 billion deficit, then how is 40 million going to help bring us up to par?

3. Who are the private investors, who were lining up to buy bonds from a country, who's economy was going to "tank" as the FNM has been suggesting, and why do they get first preference, and not a reputable international organization like the IMF or World Bank, (both of which I despise in any event, but would have been allot more straight forward than "private investors"). Investors who Bahamians do not even know.

4. How do you assess "bills" when you have not even sat in parliament for one single day? You have not done an audit, and you have not read the budget?

Folks, we have not even been given a definite answer on what "bills" in particular, let alone who we borrowed it from. When the bonds reach maturity, hell or high water, better economy or tax, we will have to pay EXTRA for the money borrwed either way, so why does it have to be a "private" issuance?

This reeks of under handed dealings, and kick-backs...errr..."campaign support" waiting to happen. And we the Bahamian people will have to pay for it.

If we can not get a definite answer, and if we sit back and let it ride they will do this repeatedly. Not saying that they have been involved in impropriety, but when you do not operate in an open fashion, you leave everyone up to scrutinize your dealings. This FNM has just went down-hill, and they have not even started yet.
:taped2:

All I know is some of dem bonds shoulda' been sell ta da Bahamian public some of we could get in on da deal.

:D

*Sunny setting up all three of her tuck shops in strategic locations on Bay street near da Sqaure to take advantage of da festivites*

All I know is some of dem bonds shoulda' been sell ta da Bahamian public some of we could get in on da deal.
:D

*Sunny setting up all three of her tuck shops in strategic locations on Bay street near da Sqaure to take advantage of da festivites*



Something other than some "private investors" who we do not know, and probably will never know who they are. That sounds like mafia or organized crime. Very shady to say the very least.

At least you can make a few pennies today. Just do not get in the way of the Thurston guy, he looks like he be rollin high!

Did you know, that we still do not have any clue of who bought 40 million worth of Government bonds, in order for us to pay "bills"?
Did you know, when the government issues them, like any other loan, we will have to pay back the interest? So in reality this FNM government, borrowed money for us to pay back with interest to "private" investors?
This has many possible levels...
1. The economy was not as bad as they claimed it to be, for a government to be in a position to mead out bonds at the quick rate to investors, not even before they meet for a budget reading or a financial audit?
2. If we are running a 2.7 billion deficit, then how is 40 million going to help bring us up to par?
3. Who are the private investors, who were lining up to buy bonds from a country, who's economy was going to "tank" as the FNM has been suggesting, and why do they get first preference, and not a reputable international organization like the IMF or World Bank, (both of which I despise in any event, but would have been allot more straight forward than "private investors"). Investors who Bahamians do not even know.
4. How do you assess "bills" when you have not even sat in parliament for one single day? You have not done an audit, and you have not read the budget?
Folks, we have not even been given a definite answer on what "bills" in particular, let alone who we borrowed it from. When the bonds reach maturity, hell or high water, better economy or tax, we will have to pay EXTRA for the money borrwed either way, so why does it have to be a "private" issuance?
This reeks of under handed dealings, and kick-backs...errr..."campaign support" waiting to happen. And we the Bahamian people will have to pay for it.
If we can not get a definite answer, and if we sit back and let it ride they will do this repeatedly. Not saying that they have been involved in impropriety, but when you do not operate in an open fashion, you leave everyone up to scrutinize your dealings. This FNM has just went down-hill, and they have not even started yet.
:taped2:


You figure dat out while ve celebrate da government in da sunshine

You figure dat out while ve celebrate da government in da sunshine

clearly, you have no sense of nationhood...no nationalism...
You is a dangerous Bahamian...
Nothing wrong with celebrating...I celebrating too...but dang...this thread suggesting some serious stuff...wouldn't it have been better to say wait tell we read the budget and all will be clear...This a Bahamian thing buey...not a FNM thing.

clearly, you have no sense of nationhood...no nationalism...
You is a dangerous Bahamian...
Nothing wrong with celebrating...I celebrating too...but dang...this thread suggesting some serious stuff...wouldn't it have been better to say wait tell we read the budget and all will be clear...This a Bahamian thing buey...not a FNM thing.


Eggs-zachery. We money, not no U.S. money and not no Chinese bills. WE MONEY.

Money which they promised to be open with, transparent and not to frit away. From an economy, which they say is in the tank and they will have to come and save. Well, who are the private investors who will save us? And what are they saving us from?
:dgi:

* snore *

* snore *



While Rory sleepin' yinna give me his share of da bonds. :D

*Sunny counting her monies*

All I know is some of dem bonds shoulda' been sell ta da Bahamian public some of we could get in on da deal.

:D

*Sunny setting up all three of her tuck shops in strategic locations on Bay street near da Sqaure to take advantage of da festivites*

yes I agree...the bond issue shouldve been open and available to us. good thread YK...Hubert we need transparency from your govt! this is our business you know! He started of wrong with violating article 73 of our constituition and now this he didnt run a complete audit then proceed to get to work...



...nah which one of your tuck shops sell pistachios and other assorted salty nuts?

While Rory sleepin' yinna give me his share of da bonds. :D
*Sunny counting her monies*


No joke. I would not have even responded to Rory. The Government, who the Bahamian people in a razor thin victory, just violated the sacred pact of honesty and trust, when they now have in fact operated ina deal which is shady, and against all possible logic.

How can they assess bills, when the budget has not even been read yet; along with, no audit even being called for?

They have not even sat in the house for a day yet. Man y'all een hearin me aye!?!
:sparky:

Yah know, If the government REALLY wanted to raise some moeny and encourage Bahamians to save, they should institute a savings bond program.

Lots of Bahamians have money stashed all over the house and we would not have to deal with Wolfowitz & Co and dem udder crooks.

I would be the first one in line for $25K worth!


All my tuck shops are full service. We gat patties (beef, conch and chicken), tart, potato bread, coconut and beene and peanut cakes, irie nuts, honey roasted and such, sodas, juice and water. I even sellin fans and hats if it get too hot. :p

Yah know, If the government REALLY wanted to raise some moeny and encourage Bahamians to save, they should institute a savings bond program.

Lots of Bahamians have money stashed all over the house and we would not have to deal with Wolfowitz & Co and dem udder crooks.

I would be the first one in line for $25K worth!


All my tuck shops are full service. We gat patties (beef, conch and chicken), tart, potato bread, coconut and beene and peanut cakes, irie nuts, honey roasted and such, sodas, juice and water. I even sellin fans and hats if it get too hot. :p

LOL...
I hear ya. Thank's for keeping the thread going!
:angel:

I don't get where this is a scandal.................

There hasn't been the first seating of the House as yet. So it ain't to far fetched to say that very early on they may plan to reveal all the reason, means and purpose behind the purchase. God dread we that party silly that every 2 seconds we gotta call sumtin a scandal................... Gee dem a month and if no clear and sensible revelation is done den get on dey behind...........

I don't get where this is a scandal.................
There hasn't been the first seating of the House as yet. So it ain't to far fetched to say that very early on they may plan to reveal all the reason, means and purpose behind the purchase. God dread we that party silly that every 2 seconds we gotta call sumtin a scandal................... Gee dem a month and if no clear and sensible revelation is done den get on dey behind...........

its not neccessarily a scandal...just yk with the usual disgusting partisan hype and play on words ! but something is wrong with this...tell us the deal and offer it to us---dont just do what you want...it een ya money Hubert...its ours!

when the us treasury dept or some other city town or municiplality issues bonds what is the procedure...exactly! if you gah set it off...set it off right!

I don't get where this is a scandal.................
There hasn't been the first seating of the House as yet. So it ain't to far fetched to say that very early on they may plan to reveal all the reason, means and purpose behind the purchase. God dread we that party silly that every 2 seconds we gotta call sumtin a scandal................... Gee dem a month and if no clear and sensible revelation is done den get on dey behind...........


Wrong. There was no first seating, or analysis to operate on borrowing money in the first place; let alone to assess who we borrowed it from.

A month for them to give you an excuse is too late. It is too flippin late. They will have time to garner an excuse, and it is about time we get on the ball on these little mis-steps in logic, and call out this flippin shady dealings in government.
:hammer:

You can wait for a month or two for them to give you an excuse, but I will not. They should have detailed what it is they borrwed it for in the first place. They are wrong, and are operating in a most thuggish manner.