Enterprising Investor Forum

Lula’s Rant Friday, March 27, 2009

We are not big fans of Gordon Brown but we did feel for him when he had to sit next to President Lula while he ranted on about the current crisis.

At this stage of the game, we should not be surprised but we do feel it is a shame that someone like Lula (who appears to have done a good job in Brazil) publicly rants in this way, especially before the G20 meeting…. here are some of his comments:

• “I am not acquainted with any black bankers. This is a crisis that was caused by people, white with blue eyes. Before the crisis they looked like they knew everything about economics … Now they have demonstrated they don’t know anything about economics.”
• “As I do not know any black or indigenous bankers … I can only say it is not possible for this part of mankind, which is victimized more than any other, to pay for the crisis.”
• “It is a crisis caused and encouraged by the irrational behavior of white people with blue eyes…”

We are not going to waste any time trying to counter these comments… In any case, expect some interesting discussion at the G20!