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GatoGordo

(2,412 posts)
6. Yesterday, these "PDV22s" came up for sale on the open market
Fri Jun 2, 2017, 11:35 AM
Jun 2017

...with a price of 42.5 cents on the dollar. Which would have made GS an even tidier profit of $320 million (instead of the paltry $250 million). There were no takers, so the offer was withdrawn. For now.

Now, I am no rocket surgeon, but it seems to me that pocketing another $70 million on top of the $250 million straight up profiteering that GS proves the point that GS isn't in this for the benefit of Venezuelans as they are for their investors.

BTW, where can an ordinary citizen find a loan these days at an effective 48% interest?

When this all comes crashing down (October or sooner) Maduro won't be the one holding the bag (he and his cadre will run for Cuba, assuredly... possibly with as much money as Chavez' daughter, María Gabriela).

It will be the Venezuelan citizen.

Read more here: https://www.caracaschronicles.com/2017/05/31/watching-250000000-heist-live-bloomberg-terminal/

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