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

Lula, Chavez and Other South American Leaders Gather in Argentina for Summit

Mercosur’s 39th Summit has started in Argentina. The presidents of Argentina, Cristina Kirchner, Brazil, ...

Brazil Is Celebrating: Pirate PCs Fell from 73% to 48% of All Computers Sold

A new study conducted by Brazil’s IT Data and released by  Abinee (Brazilian Association ...

With Expected Stampede from Main Ally Today, Brazil President Wouldn’t Be Able to Avoid Impeachment

The government of Brazilian president Dilma Rousseff, her mentor Luiz Inácio Lula da Silva ...

‘We Share Same Objectives,” Says Bush Referring to Brazil’s Lula

In an interview with a group of journalists, prior to his departure for Argentina, ...

Brazil: Lula’s Making Eyes at China

Among the agreements Brazil President Lula hopes to sign in China is one in ...

Brazil’s Very Poor Get Free Internet Phone and Learn About Free Software

The Brazilian government is promising that before year’s end residents from 2,100 towns across ...

Low Inflation Seems to Have Days Counted in Brazil

Brazil's consumer prices index in August increased at its slowest pace in 11 months, ...

Brazil Opposition Betting São Paulo Will Help Them Make the Next President

When Brazilian opposition party Senator Aécio Neves officially kicked off his presidential campaign, he ...

Brazil Proposes Cash for Weapons to Disarm Haiti

Disarming the Haitian population through a campaign similar to the one conducted in Brazil. ...

Brazil’s Economy Hasn’t Been That Good in Decades, Says Finance Minister

Brazil’s Minister of Finance, Antônio Palocci, says that the country is going through its ...