Opinion: The Curmudgeon on “Reputational Rescue”

Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – The title is a phrase used Thursday, March 5th, by Luis Carlos Adams, head of AGU, the equivalent to the Solicitor General’s Office in the U.S., when talking to Luciano Coutinho, the President of BNDES, Brazil’s development bank. “Reputational rescue” is a euphemism for “whitewash”.

Adams has gone to Coutinho, hat in one hand and tin cup in another, to plead for BNDES to lend money to all those big construction companies currently confessing they have been not only a cartel illegally rigging government bids, but also actively corrupting . . .

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