US Takeovers Dwarf my Nationalisations: Chavez
Reported in the Gulf Times (via Max Keiser):
Socialist President Hugo Chavez has said the $900bn being spent by the US government to bail out failing financial companies dwarfed his bill for nationalising a big chunk of Venezuela’s economy…
“They have criticised me, especially in the US, for nationalising a great (telecom) company, CANTV, that didn’t even cost $1.5bn,” Chavez said at a ceremony that included representatives of US oil company Chevron.
“The US has spent $900bn, four times what the Venezuela produces in a year, to try to boost the troubled finance system and housing market.”