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Chavez threatens to seize private banks
[El Universal] Expropriations threats are latent. This time, it was the turn of private banks. "Any bank that slips up, I am going to expropriate it," a defiant President Hugo Chavez boasted on Tuesday evening.The message was specifically addressed to financial institutions that might block or delay the approval of mortgage loans to people affected by real state irregularities. "Any bank that slips up, tell me, show me the evidence, and I am going to expropriate it, whether it is Banesco Provincial, Nacional de Crédito, whichever," Chavez told a group of families, who are living in a military shelter, in an event related to the delivery of 212 mortgage loans by the Bicentennial Fund. The ceremony took place in Fuerte Tiuna and was aired by state-run TV channel VTV. After a beneficiary of a mortgage loan complained about a problem with a bank, Venezuela's President ordered the Bolivarian Intelligence Service (Sebin) and the Office of Military Intelligence (DIM) to investigate Banco Nacional de Crédito. "Please appoint some intelligence officials to investigate all these banks and their owners. In three days I want to have a map of these banks that try to complicate matters," Chavez ordered. The Venezuelan Head of State also instructed a military official to request homeowners of expropriated houses to occupy them immediately. Posted by: Fred 2010-12-09 |
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