Guedes repeats Bolsonaro's speech to demonstrate alignment.
During the inauguration of the new presidents of public banks, this Monday (7), Minister Paulo Guedes endorsed the chorus of attacks on public banks made by Jair Bolsonaro and said that those chosen for the positions will end what he called "fraud" in institutions controlled by the government; Guedes tries to demonstrate alignment with the president, after a week of contradictions and denials.
247 - Before starting his activities, Economy Minister Paulo Guedes read Jair Bolsonaro's Twitter page to try to align his discourse with that of his president. This attempt to demonstrate harmony comes after a week of contradictions, in which the minister contradicted Bolsonaro, who in turn contradicted Guedes.
During the inauguration of the new presidents of public banks, this Monday (7), Guedes endorsed the chorus of attacks on public banks and, without citing a specific case, said that those chosen for the positions will put an end to what he called "fraud" in institutions controlled by the government.
Following Bolsonaro's playbook, Guedes used clichés and numerous adjectives to accuse public banks of fraud. "The Brazilian population is tired of witnessing this distortion, and in this case, using the state's credit apparatus. Public banks have become entangled in major problems with private pirates, corrupt bureaucrats, and creatures of the political swamp who have joined forces against the Brazilian people," said the minister.
How did he do it? Bolsonaro on Twitter In the morning, Guedes said that the new presidents were put in office to open the "black boxes" of the banks. "Banco do Brasil received a capital increase a while back, and Caixa Econômica Federal was a victim of withdrawals and fraud. We are going to open these black boxes," he declared.
Guedes blamed the granting of credit to companies as the cause of high interest rates. "When credit is nationalized, it leaves less for the rest of Brazil. Then the interest rates are absurd. And sometimes, to do the right kind of generosity, they finance this with snowballing debt," he said.
The new president of BNDES, Joaquim Levy, said that his role at the bank will be to "combat patrimonialism," which he considers "an obstacle to the country's growth."
The president of Caixa Econômica Federal, Pedro Guimarães, announced that he intends to settle the outstanding debts through the sale of stakes in credit card, insurance, and lottery companies.