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00:00:01
>> Wall Street may seem far away from this.
SOUND].T
o months of deadly protests locking the streets of Venezuela as demonstrators irate over a state run economy in dire straits try to topple the current administration. But Goldman Sachs Tuesday getting caught up in the drama after buying nearly $3 billion in Venezuelan government bonds.
00:00:24
At a huge discount. Reuters reporter Laila Kearney says, demonstrators outside of Goldman's New York headquarters told her that by buying the bonds, Goldman is putting cold, hard cash into the hands of what they say, is an ineffective and abusive regime.>> And these are people who are concerned about the president of Venezuela.
00:00:43
They say, that he's committing human rights violations. There are mass protest, there is a widespread hunger in that country. And so, these people are concerned that by making this deal, or by buying these bonds, Goldman Sachs is basically funding the administration of Venezuela, and contributing to all sorts of problems in that country.
00:01:08
>> Goldman says, it is not in bed of the socialist government of Venezuelan president Nicolas Maduro, and that it's merely investing in the country's future, which it expects to improve. But critics at the New York protest and in Venezuela say, that by buying the bonds, which sold for pennies on the dollar.
00:01:26
Goldman is funding the Maduro administration, all to make a fast buck, at the expense of suffering Venezuelans.>> I spoke to one protestor here, who's a 23-year-old, who's going to college here in New York City, but he's from Venezuela. His family's there. He said, his family has trouble finding food, and they're also having trouble finding medicine, he said, that when someone in his family gets sick, they have to take to social media, ask their friends if anyone has the medication that they need.
00:01:55
>> The protestors calling for an investigation into the Goldman Sachs deal, and urging other global banks, stay away until Maduro is out.>> Goldman Sachs, shame on you.