Bank Of The Bahamas: The PLP Was Right After All

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New Bank of The Bahamas Chair Wayne Arahna has said that the government will have to generate 166 million dollars and they have agreed to do so to aid the Bank of The Bahamas.  He also indicated that more bad loans will be moved to Resolve, the special purpose vehicle made by the last PLP administration to get rid of the bad loans from the Bank of The Bahamas.  This comment reported in the press last week shows that the PLP’s position was correct on the rescue package for the Bank and the FNM’s position in opposition was again fake news and a gross lie.  They are once again showing that they are the party of liars and deceivers.