James Smith, Chairman of ColinaImperial and former minister of state for finance like on ZNS last evening.
Nassau, Bahamas: Either ZNS made the biggest ‘boo boo’ ever or ColinaImperial’s chairman, James Smith is selling a message to the Bahamian taxpayers. Bahamas Press was hinted with this news late Friday evening after the newscast was aired. Our source asked, “DID YOU SEE THE 700 MILLION SIGN ON ZNS?” ZNS interviewed Smith asking his views on the Unites States’ $700 BILLION bailout proposal now stalled in Washington.
Yes, the largest bank in the United States, Washington Mutual INC. collapsed Friday, it is the 11th large financial house to windup, and so James noted that rough times are ahead for Bahamians.
Bahamas Press asks, could this $700 million bailout – if it was not an error by ZNS – be a hint that the Bahamian taxpayer might soon bailout the largest insurance company in The Bahamas? Is ColinaImperial having problems?
Now this is SERIOUS, as we believe ZNS has several competent editors, who know the US story well, and know that it is $700 BILLION (WITH a B) and not $700 MILLION! But here is the PLP’s former minister of state, James Smith , smartly dressed in his red tie, now working for Manny Alexiou, as Colina’s New Chairman.
Now we understand how Imperial Life was approved for sale to Colina despite the strong voices of opposition to it. Something that make go hmmm!