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Chavez to Strip Bank Fund's Assets
Houston Chronicle ^
| March 29, 2007
| NATALIE OBIKO PEARSON
Posted on 03/30/2007 8:31:46 AM PDT by oblomov
CARACAS, Venezuela — President Hugo Chavez ordered Venezuela's bank deposit protection fund to transfer its assets "to the poor," the latest move threatening to undermine one of the country's autonomous financial institutions.
Venezuela's Fogade insurance fund holds properties and other assets, which guarantee deposits in the banking system, much like the U.S. government's Federal Deposit Insurance Corporation.
"I want all the assets held by Fogade to be passed to the Republic," Chavez said Thursday on his "Hello, President" TV talk show.
"Fogade has many warehouses, it has many properties. All that I am going to give to the people, to the poor," he said. "Fogade must disappear."
(Excerpt) Read more at chron.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events; Philosophy
KEYWORDS: chavez; dictator; hugoping; socialism; venezuela; wastrel
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Chavez will prove once again that a people cannot vote themselves into prosperity.
1
posted on
03/30/2007 8:31:47 AM PDT
by
oblomov
To: oblomov
Absolute flaming Marxist. He will be dictator there for life...either willingly by the vote of the foolish masses beguilded by his lies...and to the absolute detriment of society as a whole there...or by decree at some point.
2
posted on
03/30/2007 8:33:59 AM PDT
by
Jeff Head
(Freedom is not free...never has been, never will be (www.dragonsfuryseries.com))
To: oblomov
Lots of empty condos on Miami Beach and Brickell Avenue. Might not be empty for long.
3
posted on
03/30/2007 8:34:26 AM PDT
by
zarf
(Her hair was of a dank yellow, and fell over her temples like sauerkraut......)
To: oblomov
4
posted on
03/30/2007 8:34:55 AM PDT
by
Tribune7
(A bleeding heart does nothing but ruin the carpet)
To: Jeff Head
5
posted on
03/30/2007 8:34:55 AM PDT
by
zarf
(Her hair was of a dank yellow, and fell over her temples like sauerkraut......)
To: oblomov
Purges are next. Hope people get out quick.
To: oblomov
Why did the military bother taking him out of power if they were just going to put him back in power to destroy their country from within?
7
posted on
03/30/2007 8:35:33 AM PDT
by
Psycho_Bunny
(I'm holding out hope that at least the DEMOCRATS might accidentally nominate a conservative.)
To: oblomov
Chavez just moved the Venezuelan equivalent of the FDIC to the toilet. This man is just a blithering idiot.
8
posted on
03/30/2007 8:36:13 AM PDT
by
sono
(Al Gore buys carbon offsets with Blood Diamonds)
To: oblomov
9
posted on
03/30/2007 8:37:20 AM PDT
by
chilepepper
(The map is not the territory -- Alfred Korzybski)
To: ChicagoConservative27
To: chilepepper
You beat me to it.....well done
11
posted on
03/30/2007 8:38:57 AM PDT
by
colonialhk
(Power and Money,the new mantra of the left!)
To: Jeff Head
"He will be dictator there for life..."The definition of the word "life" can be negotiable.
12
posted on
03/30/2007 8:39:05 AM PDT
by
Redleg Duke
(Heaven is home...I am just TDY here!)
To: oblomov
Good good! I'm enjoying this immensely. The world needs more examples of economies run into the toilet by socialists, so they can know what will happen if they do the same. Zimbabwe, Venezuela, the perennial Cuba, they're doing us all a huge favor, dontcha know. Chile, Brazil, and Columbia are starting to back away from this nut.
13
posted on
03/30/2007 8:39:20 AM PDT
by
domenad
(In all things, in all ways, at all times, let honor guide me.)
To: oblomov
He's not doing anyhting worse than Castro, and Castro is still a darling of the American left.
14
posted on
03/30/2007 8:40:49 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Redleg Duke
I prefer negotiation by Barrett.
15
posted on
03/30/2007 8:40:51 AM PDT
by
wastedyears
("These colours don't run, from cold bloody war." - Steve Harris, Bruce Dickinson)
To: oblomov
Wonder if Rudy's company is still shilling for Chavez?
16
posted on
03/30/2007 8:42:41 AM PDT
by
pissant
(The new Fred Astaire: Rudy Rodham Bloomberg)
To: domenad
Unfortunately lots of people will suffer until the experiment ends.
17
posted on
03/30/2007 8:42:47 AM PDT
by
orinoco
To: domenad
The truth doesn't matter to the left. Their heroes can fail all they want. They'll find some way to either blame it on W or totally ignore it.
18
posted on
03/30/2007 8:42:52 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Redleg Duke
...as well they should be as this guy cozzies up to IwannaMakeJihad in Iran and to China. it's clear that geo-political ties to our own detriment are being formed and one day they will lead to military pacts if we are not vigilant and do not take measures to prevent them.
Maybe a large truck will accidently back right in front of his speeding limo one day.
19
posted on
03/30/2007 8:43:18 AM PDT
by
Jeff Head
(Freedom is not free...never has been, never will be (www.dragonsfuryseries.com))
To: orinoco
I wonder how many of these "poor" people are named Chavez?
20
posted on
03/30/2007 8:44:03 AM PDT
by
massgopguy
(I owe everything to George Bailey)
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