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| Topic: Chavez says Ooops! | |
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This is a chuckle worthy item coming out of the market mess.
While denouncing America and capitalism Chavez apparently wasn't paying attention to where Venezuela was investing it's nest eggs. Maybe when he was busy nationalizing industries there he became distracted? Know who else nationalizes....umm never mind. CARACAS, Venezuela -- The Venezuelan government, which this week mocked Lehman Brothers Inc.'s woes as a sign of capitalism's imminent demise, could become a victim of the investment bank's failure. The government of Hugo Chávez holds about $300 million in debt instruments that Lehman had agreed to cash, according to three analysts who calculated the holdings separately. With Lehman in trouble, Venezuela will have a hard time selling the debt. |
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This is a chuckle worthy item coming out of the market mess. While denouncing America and capitalism Chavez apparently wasn't paying attention to where Venezuela was investing it's nest eggs. Maybe when he was busy nationalizing industries there he became distracted? Know who else nationalizes....umm never mind. CARACAS, Venezuela -- The Venezuelan government, which this week mocked Lehman Brothers Inc.'s woes as a sign of capitalism's imminent demise, could become a victim of the investment bank's failure. The government of Hugo Chávez holds about $300 million in debt instruments that Lehman had agreed to cash, according to three analysts who calculated the holdings separately. With Lehman in trouble, Venezuela will have a hard time selling the debt. |
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/shakes head
Some peoples kids... *SIGH* |
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