Polo-Loving Banker Lives Really Large In Chávez Socialism - WSJ.com

HispanicTips has 41,134 stories & 80,000+ visitors a month..
Posted on: January 29th, 2008
Filed Under: [ Hispanic News ] [ Non-US News ] [ People ] [ Eye Openers ] [ Blogante Business ]
Tags:

“Víctor Vargas is a polo-playing banker who zips between his six homes in a fleet of luxury jets. So you might expect him to be struggling in today’s Venezuela, where President Hugo Chávez has vowed to build a classless society.But Mr. Vargas, 55 years old, hasn’t missed a beat. His Banco Occidental de Descuento is expanding amid an oil-fueled economic surge. Like other bankers, he snares profits dealing in a flood of government-issued debt. And the Chávez years have done little to damp Mr. Vargas’s exuberance for the trappings of wealth.

“People write stories about me saying I have a Ferrari, a plane, a yacht,” he said during an interview at one of his homes, in the posh Country Club neighborhood of Caracas. “But it’s not true. I’ve got three planes, two yachts, six houses. I’ve been rich all my life!”"*

*From: http://online.wsj.com requires paid registration
Traducido: usando Google o Altavista/Babel Fish

Stumble it! | | AddThis Feed Button

Other posts that may interest you

Blogante News for Tuesday - January 29th, 2008

Coldwell Banker to Offer Spanish-Speaking Loan Officers as Part of Casa Coldwell Banker Initiative - Northern California

VLMIL Candidate #4: Hugo Chavez » VivirLatino

Coldwell Banker Residential Brokerage Launches ‘Puertas Abiertas’

Linda Chavez-Thompson Steps Down From AFL-CIO

Chavez wins re-election by a wide margin

Search for national park site to honor Cesar Chavez is urgent

In Venezuela, Faith in Chávez Starts to Wane

Rebel with a cause - Two biographies take objective looks at Venezuela's unobjective -- and outspoken -- leader - Hugo Chávez

Consultant (Marco Polo-Cortés) to lead Hispanic business group - San Diego County Hispanic Chamber of Commerce





Check us out!

Feedback Form