By 13th February, 1967, less than a month after what would become the most historically significant, and far reaching political change, since the Loyalists took control of the Bahamas House of Assembly by 1810, many new realities had begun to sink in for the Bahamian people, and its new Majority Rule government.
(Oakland Tribune, Monday 13 February, 1967)
Undeniably, the politically defeated United Bahamian Party left the Bahamas growing economically. However, the islands were also severely compromised internationally, locked inside the safety deposit boxes of favoured foreign investors and crippled domestically. The populous, who sat outside this most favoured status, were suffering. Negroes, coloureds and poor whites found themselves locked out of the new emerging Bahamian dream of an idyllic, capitalist, no tax paradise for the foreign investor.
(The Windsor Star, Monday, January 23, 1967)
By January 1967, the Bahamas was being ridiculed for its private banker to the international mega-rich status, while underfunding basic programs and maintaining a beggar poor populous. Negroes were still the most pecuniarily and socially segregated group.
Formidable and economically connected, the Bay Street merchant class, had established themselves as politically dominate. By 1966, they had produced a enviable new capitalist centred Bahamas, but had conveniently forgotten to include the 85% negro population.
(The Minneapolis Star, Tuesday, 07 February, 1967)
February 1967 – BAHAMAS BECOMES THE NUMBER 1 BLACKLISTED COUNTRY FOR UNREGISTERED COMPANIES TRADING IN US STOCKS WITHOUT PROPER LICENCES
By 1966, casino and gambling operations in the Bahamas were under FBI investigations for ties to the American mafia. By February 1967, the Bahamas achieved a first, it had become the number one blacklisted country, for its impressive list of registered companies conducting illegal stock market and trading business outside of SEC (Securities and Exchange Commission) regulations.
