Brazilian President Offers Bush Brazil Know-How to Solve US Bank Crisis

Chavez and Lula meet in Recife, Brazil Brazilian President, Luiz Inácio Lula da Silva, has called American president, George Bush, a couple of times to talk about the subprime crisis in the United States. Lula urged Bush to take care of the problem before it harms other countries in special Brazil.

The Brazilian leader also said that Brazil has the know-how and is ready to teach the US how to deal with banks in financial distress.

"I called him and said," Lula revealed today, March 27, during a meeting with businessmen at the Brazil Mexico Business Forum, in Recife, in the northeastern state of Pernambuco. "Hey Bush, we have a problem here, my son. We stayed 26 years without growing. Now that we are growing, you come and mess it up, dammit. Solve your crisis." The audience laughed.

Lula mentioned Proer, a program created in 1995 by the administration of his predecessor, Fernando Henrique Cardoso to rescue distressed Brazilian banks.

"If Bush wishes, he can come to Brazil and we have people who can teach him, I'm not going to teach. But we have people who can teach him how one saves a bank.  Brazil has the know-how and I think that if they need we can send them this technology. And the worst is that we offered help to banks, closed some and now they went to the Justice to get it back."

Lula also revealed that Bush seemed annoyed at him because he also talked to Gordon Brown, the UK's prime minister.

Venezuelan President, Hugo Chávez, in visit to Brazil responded to generous praises from Lula with phrases like: "Lula gets wiser with each passing day." Lula had called him among other things "peacemaker," in a reference to Colombia's recent military incursion into Ecuador and the tension that ensued.

"Who was the conflict's big peacemaker? It was president Chavez. For this reason, to the ex-guerrilla who became a peacemaker, my congratulations."

The Brazilian president reaffirmed his desire that Venezuela be admitted to the Mercosur, but conceded that Chavez needs to be patient and wait for the Brazilian senate to accept that country into the South American common market.

Last year, the Venezuelan leader criticized the Brazilian senate after that body condemned Chavez's decision to close a private television. Chavez accused the senators of being submissive to the United States and called them parrots of Washington.

The Venezuelan president was awarded the title of Pernambucano citizen. Pernambucano is someone who is born in the northeastern state of Pernambuco. Lula is a Pernambucano himself: "Chavez is as Pernambucano as I am," he said.

Tags:

You May Also Like

Brazil’s Chicken Exports to Middle East Grow 73% at the Expense of US

The Middle East was the region of the world that bought the most chicken ...

Political Instability Weighs on Brazilian Markets

Latin American markets had a mixed session, with Brazilian shares easing on profit-taking, political ...

Once Again Brazilian Justice Orders Halt to Amazon’s Belo Monte Dam

A Brazilian judge has ordered a halt to construction of a multi-billion-dollar dam project ...

World’s Unions Meet in Brazil and Bash Neoliberalism

The secretary of Social and Economic Policy of the International Confederation of Free Trade ...

Getting the Star Treatment in Brazil

As a red-blooded American male, I had never had a peeling, but as they ...

Brazil Raises Half a Billion Dollars Selling Global Bonds

Brazil's foreign exchange reserves, which totaled US$ 239.271 billion as of the 14th this ...

Brazil President Urges US and EU to Put More Effort to Control Debt Crisis

The presidents of Brazil, India, and South Africa on Tuesday urged the world’s rich ...

Brazilian crowd in Salvador, Bahia

Brazil’s False Image of Racial Harmony Has Accomplice: the Black Population

In retrospect, I often ponder the following questions: Do people really not see the ...

Brazilian Rice Growers Set Aside 10% of Production for Export

Brazil's leading rice producing state, Rio Grande do Sul, in the south of the ...

Brazil: The Heat Is Up for Lula

Right-wingers in Washington are becoming obsessed with Brazil as they fear the emergence of ...