Venezuela's Chavez moves to take control of country's banking system
President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system. . . .
The acquisition will "strengthen the public banking system," which favors sectors including agriculture, energy, housing and tourism, Finance Minister Ali Rodriguez said in a statement. . . . .
Labels: Chavez, Regulation, socialism
1 Comments:
Deja vu, anyone?
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