Define “transparency”

Source: Chave-noticias 24

Source: Chave-noticias 24

Headline today: ever since the government nationalized the Banco de Venezuela four years ago, they have shown that it’s possible to do banking with “transparency.”

Reality: if you go to the web page of the Banco de Venezuela and click on “Financial Reports,” the last report you will see is from 2009, which was … four years ago! The last monthly statement posted is from 2010.

Oops!

Oops!

Chigüire, you can take it from here.

19 thoughts on “Define “transparency”

  1. BTW the reports available are signed by the former CEO of the Bank Humberto Ortega Díaz brother of Luisa Ortega Díaz. El nepostismo es lo único que es transparente.

    Like

  2. As responsible journalists, did you try to get hold of the latest reports before insinuating that the absence of online copies signifies an aversion to transparency?

    Like

    • You, well, not you-You… I mean the people that pay you to troll around CC, are the ones flaunting and congratulating themselves for the so-called transparency… They are the ones responsible for making these reports readily available.

      Like

    • This is a good point. JC does put his foot ijn it from time to time. And he is not very responsable if you know anything about the history of CC and “Katy”.

      Like

  3. its known that the government is corrupt, stole the elections and no one is going to do anything about it. Capriles is a softie that wants to fight without fighting. The “bravo pueblo” is coward and lazy and making plans for the Puente this weekend. If you haven’t done so yet, its time to follow Mr. Toro & co. and get out of Venezuela while you still can, if your budget allows it.

    Good luck!

    Like

    • well, pato, what great advice. Let’s all leave and go and clean latrines in Miami and enjoy our freedeom. Or even better worl in McDonalds or try and find work in Spain.

      Like

      • The point is, private banks regularly post their quarterly reports online. As a “public” bank they can’t even be bothered to post YEARLY reports online. Transparency is a joke if it requires you to request things and sit around for months waiting to see some bureaucrat are going to honor your request, this has been one of the primary criticisms of your darling Eva Golinger.

        Like

      • thank you, Arturo. I know it will be difficult but it is the right thing to do. Cleaning toilets and working for mcdonalds are honorable jobs, compared to living the shame of a country destroyed by its own primitive-minded, uneducated and corrupt inhabitants

        Like

    • If you stand for Bank of America judgment that the Merentes inspired moderate policies are good for the country, then by default you also are admitting that the Giordani inspired economic policies of Chavez were a complete disaster, because that is the base of that judgment. Otherwise if you stand by Giordani, you’d have to criticize Merentes and BOFA’s endorsement.

      Like

    • Don’t kid yourself, that’s because Giordani’s economic policies where so messed up that even any other guy that comes after him will be an improvement.

      They are not exactly prasing the government, Bank of America is praising the actions that the government is taking to improve the economy, for doing things that is in the neo-liberalism book. In the end that is just a big loss for socialism my friend.

      Like

      • Or, rather inactivity from lack of available options.

        Let us not confuse tightening the belt due to constraints the same as active policy decisions. Were they flush with capital and had positive cash flow, it’d be business as usual.

        However, I think they are finally starting to see Chavez’s financial policy pajaritos coming home to roost.

        Like

    • Arturo appeals to the authority of Bank of America, one of the architects of the sub-prime mortgage crisis and a leader in foreclosures. Must be a cold day in hell.

      Like

Comments are closed.