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Global Economic crisis caused by ‘White, blue-eyed bankers’

Posted on March 27, 2009 by JP Smith

No, that’s not my hypothesis though, given the makeup of Wall Street, I have to say that this is a mostly-accurate description of the suspects.

Instead, these are the words of the Brazilian President, Luiz Inacio Lula de Silva, as he railed against the greed and incompetence of the West’s heads of finance for their incompetence and blinding greed.

More specifically, President Lula stated the following:

‘This was a crisis that was fostered and boosted by irrational behaviour of people that are white, blue-eyed, that before the crisis looked like they knew everything about economics,’ he declared.

‘Now they have demonstrated that they don’t know anything about economics.’

President Lula, head of Brazil’s main left-wing party, said that ‘no black man or woman, no indigenous person, no poor person’ had been in any way culpable for the global banking crisis.

‘I’m not acquainted with any black banker,’ he said. ‘The part of humanity that’s responsible should pay for the crisis.’

President Lula were part of a joint press conference with UK Prime Minister Gordon Brown, who is touring several countries in the run-up to this year’s G20 summit in London.

The Brazilian President indicated that, in this year’s G20, the tone may not be as polite because, in his words, ‘ it has to be a little bit spicy, a little bit of heat.’  In other words, he plans on making his issue with Western bankers known on the world stage.

Well, if President Lula’s words are any indication, it could be a hot time at this year’s G20.

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