Chavez out to get a bank and its owner, how irresponsible can a President get?

December 20, 2009

Yesterday, President Chavez in his customary un-Presidential style, accused someone and asked the General Prosecutor to investigate him, in this strange concept Chavez has of division of power. The target this time around was banker Nelson Mezerhane who also happens to be one of the owners of Globovision, the only TV station that still dares show the daily protests around Venezuela.

Of course, there is no separation of powers in Venezuela. Chavez has made sure that nobody moves unless he tells them to. The Bolibourgeois bankers could do what they wanted until something happened, Raul Baduel was his main general and savior, until he opposed him, Miquilena was his putative father until he was no longer Chavez decided to be a putative orphan.

Thus, on Saturday Chavez ordered the General Prosecutor to investigate Nelson Mezerhane, much like he ordered the Judge in the Eligio Cedeño case to get a 30 year sentence for letting the banker go. He is in charge of everything as long as it is convenient for him, if not, it is somebody else’s fault, as in the case of his friendly revolutionary bankers that raped the banks they owned for years, but somehow Chavez who knows who is being wire-tapped, followed and who is conspiring in Venezuela, was not aware that billions were being robbed by his robolutionary buddies right in front of his nose. He should read this blog or at least get a summary every week, let’s not get presumptous.

I any case, Chavez seems to have been irked by his arch enemy Mezerhane saying something in local newspaper El Mundo last week. Specifically Chavez accuses Mezerhane of saying that the campaign against his bank was “created and organized by people related to the Government. Except…

Mezerhane never said what Chavez said he did…

You can read what Mezerhane said right here in Spanish:

Reporter: Is the Government included in this attack (to his bank)?

Mezerhane: I can not say it is the Government, there are people linked to it who have done their job.

Reporter: Laboratories involved?

Mezerhane:There are active laboratories that have created rumors and banks are places of confidence. If people start creating rumors, it is understandable that people will say “something is happening here”…

As to the first question, it is no secret that Jose Vicente Rangel, alias “Marciano” has been after Mezerhane’s bank for quite a while. And Rangel was Vice-President, Foreign Minister and Minsiter of Defense under Hugo Chavez, so he can definitely be “linked” to the Government.

In fact, Jose Vicente has been “rumoring” about Mezerhane’s bank for quite a while. Last June he wrote: “In the banking sector there is increased worries about what is happening in a bank with serious problems, whose owner appears involved in destabilizing adventures”

Funny that Rangel was only worried about banks which can be considered to be more on the side of the opposition, but failed to mention a single Bolibourgeois bank in that note, despite all of them being bankrupt already.

Interesting also, that when Petkoff says something about bank runs in general, he gets a formal letter from the Prosecutors Office about creating panic, but Rangel seems to be immune to such threats. Oh well! such is the life in a Dictatorship!

In fact, Rangel, once again last week said that “soon a bank that has been having problems and the sale of which was frustrated recently would be intervened soon”. Everyone knows which bank Rangel is referring to.

That is precisely what Mezerhane is also referring to, we all read it and Petkoff noted it. And so did Jose Guerra in today’s La Razon, who said that Rangel wants to drive Mezezrhane’s bank into bankruptcy, now that the forced sale of the financial institution has been aborted by the crisis.

So, Mezerhane said what everyone knew and you can bet that Chavez made no mistake when he made his accusation. Basically, the autocrat/Dictator has set his sights on Mezerhane and his bank. And any attempt by Mezerhane to clarify the situation is simply useless.

I mean, can it be more clear than this, Chavez said:

“This is grave and irresponsible…more so when it happens to be the President of a bank, which besides this, has had grave problems”

Talk about irresponsible! The President of a country, in the middle of a banking crisis, saying a bank with 3% of the market has been having “grave problems”. This is simply changing the name of the bank to Banco Doomed!

Sorry, Mr. Mezerhane, no matter what you say, argue or implore, Hugo is out to get you and so is Rangel. Given the state of law and order in Venezuela, there is simply nothing you can do. Your days and those of your bank are numbered.

And I imagine the fanatics and PSF’s will come and say I am the one responsible for creating the run on the bank.

Do you mean more people read me than watch Alo Presidente? Or more than read Rangel’s Marciano column

Until then, there is only one reckless, irresponsible and ignorant person in Venezuela:

Mr. Destruction himself: Hugo Chavez!

10 Responses to “Chavez out to get a bank and its owner, how irresponsible can a President get?”

  1. mary Says:

    How have the actions of Hugo Chavez effected the investment environment within Latin America? Commodities expert Robert Petrucci explains…

  2. HalfEmpty Says:

    have always had the gut feel that anyone in Venezuela with some serious cash is somehow corrupt or there is at least high odds for this case.

    What we got here is the crux of the biscuit.

  3. juan Says:

    Meanwhile, the “surviving” bankers are laying low. They should know better, sooner rather than later Chavez will come after them too and he will nationalize the banking sistem as well as private enterprising.

    Everyday is a day closer to Cuba and a week farther to freedom

  4. Bono Says:

    Dont worry, Mr. Mezerhane know what he is doing, ’cause he has no pelo de tonto

  5. Cucuteño feliz Says:

    And in a completely unrelated event, today the exchange rate in Cucuta was 275 at the Panamericana (if you’ve been to Cucuta, you know what I mean). I’m pretty sure it was 308 on Saturday.

  6. Robert Says:

    Chavez sure knows how to screw up one’s Christmas. Mezerhane is likely out of the country by now as he should be. Chavez will continue his march to stealing/national banking while claiming the corruption fight. Right now he’s only picking the low hanging fruit.

    I’m not implying Mezerhane is corrupt or not. I have always had the gut feel that anyone in Venezuela with some serious cash is somehow corrupt or there is at least high odds for this case.

    As we all know, if you want to know what Chavez is doing or going to do, just listen to him. He’s been talking about taking the banks for years. This is just further consolidation of his one man controls. Pretty soon it will be easier to make a list of what he hasn’t stolen than what he has. Globo and Polar are the “hanging” fruit but their time will come, sadly.

  7. Kepler Says:

    Thanks, Miguel, that is enlightening. Now, the way the mogul is now
    kneeling in front of the autochrat is also pathetic, I think. He did not need to go this far:

  8. GWEH Says:

    …a Ferrari… his last Falcon about $45M (so he can go nonstop to Spain)

  9. GWEH Says:

    about Mezerhane: inherited wealth. Has two Falcon jets, a Citation jet, a big yacht, powerboats, a pad in Spain, pad in Boca, likes the thrill of speed. Some call him a thug. He’s one cheap mofo.

  10. GWEH Says:

    they have been after Mezerhane for a while… this is the third installment if you count Globo and the Land Law (he has vast land holdings in Ccs)

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