MercoPress. South Atlantic News Agency
Brazil's development bank admits losses of 800m dollars on Petrobras stock
Brazil's state-run National Development Bank posted healthy profits Monday, but indicated losses of some 800 million dollars on its stock in Petrobras, whose market value has plunged on a graft scandal and lower oil prices. Read full article
Comments
Disclaimer & comment rulesBahahahahaha
Mar 31st, 2015 - 03:21 pm - Link - Report abuse 0And its only begun.
BNDES takes Brazilian taxpayers money and lends it out to companies at rates way lower than the market. The Brazilian taxpayer gets shafted. Private companies can get funding from private financiers. The taxpayers money could earn far higher returns and pay for schools, hospitals and more security. Dirty filthy socialist Government scum have turned the BNDES into securing more power like funding JBS which then in turn donates huge amounts to the political party. It's a corrupt scheme that robs the Brazilian, yet most don't even know they and their country are being fleeced.
Mar 31st, 2015 - 03:28 pm - Link - Report abuse 0First it was- Venezuela
Mar 31st, 2015 - 08:04 pm - Link - Report abuse 02nd came Argentina
Followed by Brazil,
Whose next,
Just another day in the Socialist Paradise. Nothing to see here, please move on!
Apr 01st, 2015 - 12:35 am - Link - Report abuse 0(it is looking like the 'socialists', those 'defenders of the people' have massively more exploited 'the people' than any capitalist that might be paying wages and paying tax...)
Brazil can never join the First World if those in power continue in this manner. Meanwhile the complacent 'working-class' are happy with a few 'hand-outs' via La Bolsa Familia'...
They are too easily bought, whilst their masters trouser billions in corruption.
It is the people of Brazil who should be the most angry, because truly, they are being robbed and sold-out, whilst they continue to believe the PT bullshit.
What a sorry state of affairs.
8.6M reais profit....
Apr 01st, 2015 - 08:59 am - Link - Report abuse 0It's like the 0.3% growth vs 0.1% growth all over...
:))
The Argieguayo demonstrates yet again his ability to read one line at a time from anything involving money.
Apr 01st, 2015 - 11:29 am - Link - Report abuse 0No wonder they are known as The Broad Fraud throughout thinking Uruguayos, unlike the dummy.
Back to Brazil: this is nothing, wait until the real truth comes out of how much the bank has lost due directly to Lula and DumbAss - that will be real Reals!
Morte de Lula em 2015!
When the BNDES starts to be investigated because of its irresponsible loans to Lula's Latin-American and African dictator pals, the PB related loss of R$ 800 million will be look like a piss in the ocean...
Apr 01st, 2015 - 10:14 pm - Link - Report abuse 0PB investors have lost a total of R$ 610 Billion over the last 7 years......
The China Development Bank seems to be putting 3.5B in Petrobras coffin.
Apr 02nd, 2015 - 05:18 pm - Link - Report abuse 0The Chinese are terrible investors, they've routinely bought assets/companies all over the world that nobody else was willing to pay for.
Apr 02nd, 2015 - 09:11 pm - Link - Report abuse 0When they have to sell these assets will be when they're in desperate need of cash.
We've see it all before
With nobody, I assume you mean USA. The rest of the world seemed to be rushing to back next Chinese investment...
Apr 03rd, 2015 - 12:02 am - Link - Report abuse 0Stevie, Do you understand what “investment” means?
Apr 04th, 2015 - 01:53 pm - Link - Report abuse 0If the rest of the world actually moves forward with investing ( putting $ into the bank) and it gets set up it will be smaller than any of the top 25 banks in the USA.
It is insignificant silly Marxist. Insignificant.
100B dollar is insignificant? You just branded IMF insignificant...
Apr 04th, 2015 - 08:19 pm - Link - Report abuse 0Commenting for this story is now closed.
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