Sunday, December 13, 2009

SPB News for Sunday



for military so lacking, some soldiers abandon posts.

Rates Are Low, but Banks Balk at Refinancing — Mortgage rates in the United States have dropped to their lowest levels since the 1940s, thanks to a trillion-dollar intervention by the federal government. Yet the banks that once handed out home loans freely are imposing such stringent requirements …

Venezuelan Bank Fraud Case: Three Executives Flee, Government Intervenes in Related Companies --The Public Prosecutor had already issued ten arrest warrants for banking executives and 19 prohibitions on leaving the country for involvement in organised crime and for banking law infractions. Following the government’s nationalisation of two banks and liquidation of two others for banking law infractions, three bank executives fled to the U.S., and the government intervened in food companies owned by currently detained bank owner, Ricardo Fernandez. Interior Relations Minister Tareck El Aissami announced on Tuesday that two Venezuelans implicated in the bank scandals flew to Atlanta, and one to Miami, and that a fourth person was captured while trying to board a plane to Miami.

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