Fannie Mae Is Not A Problem Venezuelan Style

October 25, 2008 | Jim Vicevich | |

I am not saying this is going to happen here … just kinda saying it could happen. No wait … it did.

The Miami trial of a Venezuelan entrepreneur who grew rich doing business with President Hugo Chávez‘s populist administration has exposed how some top government officials have profited from a corrosive web of corruption in the oil-rich country.

Kickbacks, bribes and secret payoffs have become a feature in the socialist administration, which had claimed a break from the past but instead has seen several officials implicated in multimillion-dollar corruption schemes, according to testimony and conversations taped by the FBI.

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

2 Comments

  1. Dimsdale on October 25, 2008 at 3:26 am

    Did the corrupt Venezualan officials hold hearings to misdirect attention from themselves too?

    Wow! We beat out a banana republic, thanks to the Democrats.



  2. Erik on October 26, 2008 at 8:55 am

    "thanks to the Democrats" huh? how can you blame this on the democrats?



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