The amoral agenda-setting elitists of Goldman Sachs reportedly purchased $2.8 billion in Venezuelan debt.
While Goldman Sachs said in a statement that it acquired the bonds "on the secondary market from a broker and did not interact" with the beleaguered socialist government of Venezuelan President Nicolás Maduro, that has done little to assuage the anger that many Venezuelans - both at home and in the US - feel toward the investment bank's move.
Goldman has defended the deal, saying that many other investors, including mutual funds and exchange-traded funds.
Opposition leader Julio Borges accused Goldman of "aiding and abetting the country's dictatorial regime".
"We believe there is an worldwide role in the rebuilding of trust among the main political actors in Venezuela as well as the reduction of tensions", Shannon said. "We agree that life there has to get better, and we made the investment in part because we believe it will", a statement released by GSAM said.
PDVSA's $4 billion of notes due in 2027 gained 0.5 percent to 39.22 cents on the dollar as of 1:31 p.m.in NY, the highest level in four months.
"I hope no one will commit treason by taking part in such an absolutely fraudulent process", opposition leader Henrique Capriles said.
The opposition-controlled Congress also voted on Tuesday to ask its USA counterpart to investigate the deal. Accordingly, opposition leaders have labeled government debt "hunger bonds" and penned letters to global bank heads indicating that should they buy the bonds they ought to expect, well, more angry letters. "It was a stupid trade from that point of view", he told "Closing Bell". "We are in a low-rate environment, and these are dollar bonds with really high yields".
However, he doesn't think Goldman managed its reputation risk in a prudent way.
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- Protests and more protests -On Wednesday some 5,000 protesters clashed with police when they tried to march to the foreign ministry headquarters in a demo aimed at coinciding with an Organization of American States meeting on Venezuela.
A group of almost 30 protesters gathered outside Goldman Sachs' New York headquarters on Tuesday.
The massive protests have been fueled by soaring inflation and shortages of food and medicine, a result of Venezuela's economic collapse driven by the fall in prices for its crucial oil exports since 2014.
Maduro has faced nearly two months of public protests while cutting imports of food and medicine to conserve cash and continue bond payments.
Both groups are trying to help restore peace and stability in the South American country, reeling from two months of often violent protest against left-leaning President Nicolás Maduro.
Last week, the Manhattan-based investment bank bought bonds from Petróleos de Venezuela, or PDVSA, the state-run oil and natural gas company. A person answering the phone at Dinosaur's NY office said the firm had no comment on the matter.
'We are going to the streets tomorrow. "This small company called Dinosaur, who is behind it, what power does it have?" said lawmaker Carlos Valero before the vote.
The Venezuelan government hasn't made an worldwide public bond offering in several years since capital markets are essentially closed to it as its economy has shrunk 27% in four years, its oil production has declined rapidly and investors have become increasingly anxious about the growing likelihood of default.
The broker said he did not expect the bonds to trade unless Goldman chose to sell them.