Chavez takes aim at the banks

Depositors beware!

President Hugo Chavez appears to have initiated his campaign to nationalize Venezuela’s private banks.

Yesterday a group of union workers employed by BOD protested outside the bank’s main branch in Caracas. Reportedly, Banco Provincial is the next target for a “union” protest.

Veremos what happens in the coming days or weeks.

But this is a much-used regime tactic to launch the takeover process at many companies. Ask the former Argentine owners of Ternium Sidor.

About Caracas Gringo

Representing less than 0.00000000001515152% of the world population as of 31 December 2011.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s