Eremildo is an idiot and doesn’t follow the banker’s case based on what people say, but based on the dates on which things happened.
On August 13, 2024, he presented a proposed constitutional amendment changing the autonomy of the bank and increasing the account to be covered by the Credit Guarantee Fund from R$250,000 to R$1 million. In other words, the bill for a possible Master failure would go to the banking system. An “atomic bomb in the financial market”, according to Vorcaro.
The PEC did not move forward.
On December 4th, taken by former minister Guido Mantega, in a meeting outside the public agenda. Being careful, he called three witnesses: (then director of the Central Bank), (Casa Civil) and (Minas e Energia). Lula told him that his demands would be technically discussed by the Central Bank.
The Director of Supervision (Paulo Sérgio Neves de Souza) and the head of the Banking Supervision Department (Belline Santana) were in Vorcaro’s pocket.
On March 28, 2025, the.
On April 4, Galípolo discussed with the country’s four large banks a solution for Master’s assets that would not be acquired by BRB as they were considered to be of greater risk. The expectation, at the time, was of an agreement involving the use of the FGC (Credit Guarantee Fund).
In April 2025, five months after Vorcaro went to Lula, the Central Bank asked the Credit Guarantee Fund for a loan of R$11 billion to save Master. The FGC released R$5.7 billion.
As it turned out, it was no use.
Vorcaro’s future
As the carriage moves forward, Daniel Vorcaro will take a heavy cane. This will result in the possibility of him collaborating with Justice.
Vorcaro has more to tell than that.
Those who know the mechanism of plea bargains believe that the conversations will begin with the payment of a billion dollar fine. Probably the biggest ever seen.
Bully
From a conservative banker:
“What most surprises in the novel is the power of infiltration of a braggart. Vorcaro is an offspring of a time of tolerance.
The old panel didn’t deal with people who sponsor events in Europe, maintain mansions for parties and have a gym near their office to hang out with.”
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