[4woodenboats]

Out of any large business, banks have the most potential to flee to a safe haven, as their highly liquid assets can be wired anywhere. As one example, A Kuwaiti bank faxed its assets to a safe country during the invasion of Kuwait by Saddam Hussein in 91.

What about all the money they lend out to businesses, homeowners, credit cards, etc.?

For that matter, how do you collect payments from a company that just got Chavezed? I sincerly doubt he would make payments to a bank that held a mortgage on a business he just stole, especially if they had just fled the country.

And for homeowners, do they get kicked out of the house that Chavez now owns, does their car become a government vehicle? How would anyone provide proof of ownership if the titles are on a container ship?

So far Chavez has done a lot of taking, and no giving, unless you count discounts on heating fuel for poor Americans...that'll make a warm spot in the hearts of his victims, lol.

[neutronsgalore]

“So far Chavez has done a lot of taking, and no giving, unless you count discounts on heating fuel for poor Americans...that’ll make a warm spot in the hearts of his victims, lol.”

I think the US Congress needs to make the immediate move that any American investments in Venezuela will not be compensated for by the US Govt and losses there can not be written off against taxes. That way the US taxpayers won’t have to foot the bill for any American, or American company, that stupidly continues to invest there.