July 17, 2007 (LPAC)--Bolivian President Evo Morales announced July 15 that he will renationalize the National Railroad Company (ENFE), bought up by foreign interests in 1996 during the privatization orgy unleashed by IMF toady Gonzalo Sanchez de Lozada. Speaking at the inauguration of the Lake Titikaka-Guaqui-Tiwanaku tourist rail line outside of La Paz, Morales denounced the fraud of Sanchez de Lozada's "capitalization" program, which he said was only a name for "the decapitalization of the Bolivian people and our state companies." That is why, he announced, "today we are beginning the nationalization of ENFE."

The financial predators that eagerly bought up shares in ENFE when it was privatized, such as Chile's Luksic Group and the U.S. Genesee & Wyoming, Inc., are now wailing about losing their "investment" in Bolivia.