Thursday, August 17, 2006

Chavez and the bankers

David Osler is a Marxist having second thoughts about Chavez,
Dave's Part: Venezuela: banking on the revolution: "The Financial Times today reports on how the banking sector is faring in ‘revolutionary’ Venezuela. The headline tells you much of what you need to know:

Venezuelan bankers get rich from Chavez's revolution

Bankers traditionally face firing squads in times of revolution. But in Venezuela, they are having a party.

Diran Sarkissian, president of the local subsidiary of Stanford Bank, a US bank with offshore operations based on the Caribbean island of Antigua, is proud of his rapidly lengthening list of high-net-worth customers who are enjoying President Hugo Chavez's self-styled 'Bolivarian Revolution'."

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