Politablog

President Hugo Chavez nationalized two banks this week do to banking irregularities and mishandling of bank liquidations.  This was in part due to a series of law infractions committed withing the banks, which forced the Venezuelan government to intervene in the affair closed doors.

Chavez mentioned to government and finance officials once the both institutions had been rehabilitated they would become part of the public finance system, according to a news report.
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