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| Caribbean-Latin America |
| Chavez: Takeover of apartments will not be compensated |
| 2010-11-16 |
| His Excellency President-for-Life, Caudillo of the Bolivarians Hugo Chavez described as "special expropriations" the recent State takeover of residential complexes. During his weekly radio and TV show "Hello, President," held in the Palace of Miraflores, the seat of the Executive Office in Venezuela, His Excellency listened to the testimonies of people affected by the "real estate fraud." According to the Venezuelan president, although the State always compensates expropriations, "this is a special case because lot of damage has been caused to people. Perhaps they (the developers) owe money to those affected." "Imagine that we ought to pay those properties at market prices. No, compadre, forget about that! These are special expropriations. These people have stolen (their customers); they (the developers) should pay interest rates for the loan they gave their clients," Chavez added. The president said that authorities must punish those responsible for this "fraud." He also urged Venezuelan bankers: "do not get wrong with us. We have learned the lesson. If a private bank tries to defraud a single Venezuelan family, I will take it; I will expropriate it," he warned. He said that "some bankers and owners of insurance companies" are collecting money to kill him. The Venezuelan President acknowledged government's "negligence" in maintenance of Caracas' subway. He also said that Major General Rangel Silva will be promoted to General-in-Chief, the top military rank in Venezuela, on Tuesday. |
| Posted by:Fred |
| #3 Hugo's alleged "assassins" ought to form a union. It'll probably be bigger then the Teamsters. |
| Posted by: tu3031 2010-11-16 12:07 |
| #2 "He said that "some bankers and owners of insurance companies" are collecting money to kill him." Hugo is bad at math. 100% is not "some" |
| Posted by: flash91 2010-11-16 10:25 |
| #1 Also called THEFT. |
| Posted by: Redneck Jim 2010-11-16 00:26 |