Brazil has finally arrived to the party!

[Nighthawk]

https://www.reuters.com/article/ode...fter-years-of-corruption-probes-idUSL2N23O1FY

SAO PAULO, June 17 (Reuters) - Brazilian conglomerate Odebrecht SA said it was filing for bankruptcy protection on Monday, aiming to restructure 51 billion reais ($13 billion) in debt in what would be one of Latin America’s largest-ever in-court debt restructurings.

The bankruptcy filing comes after years of struggles for Odebrecht, the biggest of the Brazilian engineering groups caught in a sweeping political corruption investigation that rippled across Latin America.

https://www.reuters.com/article/us-...files-for-bankruptcy-protection-idUSKCN1RM2NI

https://www.producer.com/2019/06/br...traders-may-ut-farmer-credit-due-to-defaults/

Jerome " The Birdman " Powell better come out with doves flying when he enters Q&A stage thursday, stop QT immediately, prepare us for ZIRP and QE5 or it might be a long summer for Spanish Banks... DB Derivative blow up in 3,2,1

Thanks for sharing. Didn´t have this on my radar.

 

[vanv0029]

The actual news is release of documents and recordings from Intercept (the organization involved in the Snowden document release) that the judge Moru that convicted leftist worker party leaders such as former President de Silva was corrupt. He literally told Brazilian prosecutors what evidence to present so he could convict them. The Odebrecht bankruptcy news is just to deflect the scandal. Story is mostly not been covered by US media but is covered in Britain. De Silva conviction will almost ertainly be reversed.