My observation: 43 billion $ in Venezuela = around 3 trillion $ in the US; I wonder how would Americans react if their state had lost 3,000 billion $ saving banks which operated with 35% to 55% funds coming from state agencies' deposits.
The Venezuelan government took on losses estimated at USD 43.13 billion to reinstate seized banks Bolívar, Confederado and Central Banco Universal, which lost more than two thirds of their capital stock.
Government authorities reported on Monday on the Official Gazette that by December 21st, the takeover will end and the banks will open again and join the public financial system.
As part of reinstatement of the three banks, the government took all of the Confederado stocks, accounting for USD 23.74 billion, lost during the crisis, according to a report released on Monday by the Banks Superintendence.
A similar measure was adopted with Central Banco Universal for USD 11.86 billion to reopen it.
Also, in the case of Bolívar bank, the State took on all the shares for a total of USD 7.53 billion, AFP reported.
Link
http://english.eluniversal.com/2009/12/14/en_eco_esp_reinstatement-of-thr_14A3191293.shtml