A look into FONDEN or shall we say SE FUE?

When I think of the title FONDEN, for some reason or other it rhymes in my head to SE FUE, (it’s gone) which is precisely what’s happened to the – hmm – not millions but billions of dollars that have been embezzled through this sort of petty cash fund at the service of the president himself.

We are talking of tranches of hundreds of millions each supposedly distributed into projects which have resulted in nothing but barren lots and rusty billboards with Chavez’s pictures imprinted. The article Reuters wrote on the fund, which you may find through my favorite blog Caracas Chronicles is much worth reading. Not that you’ll come out of it more intellectually savvy, just that you’ll realize this government’s ability to dumbfound anyone really has no boundaries.



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