IBOV 176,723 ▲ 0.56% IPSA 10,928 ▲ 0.16% IPC MEX 66,637 ▲ 1.01% MERVAL 3,220,350 ▼ 0.46% COLCAP 2,296.81 ▼ 0.47% BVL PERÚ 56,428.20 ▲ 1.15% USD/BRL5.07▼ 1.25% USD/MXN17.42▼ 0.60% USD/CLP926.08▼ 0.73% USD/COP3,247▼ 0.48% USD/PEN3.39▼ 0.62% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.25▲ 0.29% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.44% BRENT 85.32 ▲ 2.42% WTI 79.67 ▲ 1.96% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.15% GOLD 4,063 ▲ 1.66% SILVER 59.10 ▲ 2.54% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.34 ▲ 1.57% PETR4 40.67 ▲ 0.02% VALE3 74.20 ▲ 1.85% ITUB4 43.51 ▼ 0.02% BBDC4 18.67 ▼ 0.53% ABEV3 15.84 ▲ 0.06% BBAS3 20.60 ▲ 1.78% B3SA3 15.47 ▲ 2.31% WEGE3 44.44 ▲ 0.11% PRIO3 57.21 ▲ 0.02% SUZB3 41.38 ▼ 0.27% RENT3 40.50 ▲ 0.75% AZZA3 18.92 ▼ 1.56% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.48 ▼ 4.25% GMAT3 4.01 ▲ 1.78% PSSA3 54.50 ▲ 0.85% CVCB3 1.38 ▲ 10.40% POSI3 4.00 ▲ 0.25% SLCE3 13.74 ▼ 0.94% NATU3 8.55 ▼ 0.58% BRKM5 6.69 ▼ 3.60% RANI3 8.03 ▲ 1.01% CSNA3 5.15 ▼ 1.72% CMIN3 5.07 ▼ 6.97% USIM5 8.27 ▼ 1.31% GGBR4 23.17 ▲ 1.53% ENEV3 26.97 ▲ 0.33% CPFE3 47.30 ▲ 0.98% CMIG4 11.19 ▲ 1.08% EQTL3 40.93 ▲ 1.79% LREN3 14.29 ▲ 0.99% VIVT3 35.57 ▲ 2.42% RAIL3 14.12 ▲ 0.07% KLABIN 17.47 ▼ 0.06% RAIA DROGASIL 18.47 ▲ 1.48% RDOR3 36.12 ▲ 1.57% HAPV3 11.09 ▲ 6.02% FLRY3 16.48 ▲ 2.04% SMTO3 16.20 ▼ 1.04% UGPA3 30.09 ▼ 2.72% VBBR3 33.22 ▲ 1.40% BBSE3 40.31 ▲ 0.07% BPAC11 58.00 ▲ 0.83% CURY3 33.76 ▲ 1.93% AERI3 2.06 ▼ 0.96% VIVARA 23.48 ▲ 1.60% COMPASS 25.24 ▲ 1.90% VAMOS 3.12 ▲ 3.31% SANB11 27.40 ▲ 0.11% ASAI3 8.70 ▼ 0.11% SBSP3 30.36 ▼ 0.03% WALMEX 49.36 ▼ 0.58% GMEXICO 201.31 ▲ 2.92% FEMSA 232.29 ▲ 3.08% CEMEX 22.14 ▲ 1.65% GFNORTE 186.84 ▲ 2.62% BIMBO 56.37 ▲ 0.89% TELEVISA 9.52 ▼ 0.94% AMX 22.96 ▲ 1.64% GAP 394.20 ▼ 3.43% ASUR 277.85 ▼ 0.29% OMA 235.93 ▲ 1.12% KOF 180.40 ▼ 0.70% GRUMA 280.18 ▼ 0.42% KIMBER 38.54 ▲ 0.84% SQM-B 67,412 ▲ 0.30% COPEC 6,140 ▲ 1.37% BSANTANDER 78.77 ▲ 0.73% FALABELLA 5,914 ▲ 0.15% ENELAM 85.18 ▲ 1.16% CENCOSUD 2,050 ▲ 0.50% CMPC 1,087 ▲ 0.80% BANCO CHILE 188.19 ▲ 1.72% LATAM AIR 24.67 ▼ 0.92% YPF 77,400 ▲ 0.29% GGAL 7,910 ▼ 2.10% PAMPA 5,205 ▼ 0.38% TXAR 662.00 ▼ 0.38% ALUAR 950.00 ▼ 1.50% TGS 9,680 ▲ 1.15% CEPU 2,302 ▼ 0.73% MIRGOR 16,750 ▼ 1.47% COME 45.35 ▲ 1.27% LOMA NEGRA 3,513 ▲ 0.43% BYMA 301.75 ▼ 2.11% TELECOM ARG 4,310 ▲ 1.41% ECOPETROL 16.02 ▲ 0.88% BANCOLOMBIA 81.58 ▲ 1.44% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.68 ▲ 0.63% SOUTHERN COPPER 181.42 ▲ 3.95% BUENAVENTURA 30.75 ▲ 3.10% MERCADOLIBRE 1,856 ▼ 0.60% NUBANK 13.89 ▲ 1.57% XP 16.79 ▲ 2.54% PAGSEGURO 9.20 ▼ 0.92% STONE 11.18 ▲ 0.27% GLOBANT 31.19 ▼ 2.90% TECNOGLASS 43.85 ▲ 2.36% GAP AIRPORT 226.29 ▼ 2.78% ASUR 277.85 ▼ 0.29% OMA AIRPORT 108.15 ▲ 1.90% AMX ADR 26.27 ▲ 0.90% FEMSA ADR 133.41 ▲ 3.41% CEMEX ADR 12.72 ▲ 2.13% PETROBRAS ADR 17.94 ▲ 0.31% VALE ADR 14.58 ▲ 2.82% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.41 ▲ 1.12% AMBEV ADR 3.09 ▲ 0.98% CSN 1.03 ▼ 0.49% GERDAU 4.59 ▲ 2.23% LATAM ADR 53.28 ▼ 0.09% BTC 64,579 ▲ 3.76% ETH 1,878 ▲ 5.89% SOL 77.38 ▲ 3.36% XRP 1.12 ▲ 5.03% BNB 581.01 ▲ 2.54% ADA 0.16 ▲ 4.11% DOGE 0.07 ▲ 3.51% AVAX 6.67 ▲ 3.50% LINK 8.28 ▲ 5.17% DOT 0.85 ▲ 1.49% LTC 44.98 ▲ 3.43% BCH 237.01 ▲ 0.33% TRX 0.33 ▲ 0.33% XLM 0.19 ▲ 2.81% HBAR 0.07 ▲ 0.11% NEAR 2.02 ▲ 5.44% ATOM 1.56 ▲ 1.50% AAVE 98.90 ▲ 4.81% SELIC 14.25% EMBRAER 82.90 ▼ 0.13% EMBRAER ADR 65.40 ▲ 1.42% JBS 11.87 ▲ 0.59% JBS BDR 60.15 ▼ 0.76% MBRF3 16.17 ▲ 2.86% MBRFY 3.11 ▲ 1.97% INTER 5.67 ▲ 0.27% EGX 52,299 ▼ 0.59% USD/ZAR16.37▼ 0.62% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.18▼ 0.16% USD/CNY6.76▼ 0.26% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.39% GBP/USD1.34— 0.00% SPX 7,546 ▲ 0.40% DJI 52,513 ▲ 0.03% NDX 29,594 ▲ 1.13% RUT 2,964 ▲ 0.36% TSX 35,316 ▲ 0.18% VIX 16.42 ▼ 4.31% USD/CAD1.41▼ 0.62% US10Y 4.5890 ▼ 0.43% IBOV 176,723 ▲ 0.56% IPSA 10,928 ▲ 0.16% IPC MEX 66,637 ▲ 1.01% MERVAL 3,220,350 ▼ 0.46% COLCAP 2,296.81 ▼ 0.47% BVL PERÚ 56,428.20 ▲ 1.15% USD/BRL 5.07 ▼ 1.25% USD/MXN 17.42 ▼ 0.60% USD/CLP 926.08 ▼ 0.73% USD/COP 3,247 ▼ 0.48% USD/PEN 3.39 ▼ 0.62% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.25 ▲ 0.29% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.79 ▼ 0.44% BRENT 85.32 ▲ 2.42% WTI 79.67 ▲ 1.96% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.15% GOLD 4,063 ▲ 1.66% SILVER 59.10 ▲ 2.54% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.34 ▲ 1.57% PETR4 40.67 ▲ 0.02% VALE3 74.20 ▲ 1.85% ITUB4 43.51 ▼ 0.02% BBDC4 18.67 ▼ 0.53% ABEV3 15.84 ▲ 0.06% BBAS3 20.60 ▲ 1.78% B3SA3 15.47 ▲ 2.31% WEGE3 44.44 ▲ 0.11% PRIO3 57.21 ▲ 0.02% SUZB3 41.38 ▼ 0.27% RENT3 40.50 ▲ 0.75% AZZA3 18.92 ▼ 1.56% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.48 ▼ 4.25% GMAT3 4.01 ▲ 1.78% PSSA3 54.50 ▲ 0.85% CVCB3 1.38 ▲ 10.40% POSI3 4.00 ▲ 0.25% SLCE3 13.74 ▼ 0.94% NATU3 8.55 ▼ 0.58% BRKM5 6.69 ▼ 3.60% RANI3 8.03 ▲ 1.01% CSNA3 5.15 ▼ 1.72% CMIN3 5.07 ▼ 6.97% USIM5 8.27 ▼ 1.31% GGBR4 23.17 ▲ 1.53% ENEV3 26.97 ▲ 0.33% CPFE3 47.30 ▲ 0.98% CMIG4 11.19 ▲ 1.08% EQTL3 40.93 ▲ 1.79% LREN3 14.29 ▲ 0.99% VIVT3 35.57 ▲ 2.42% RAIL3 14.12 ▲ 0.07% KLABIN 17.47 ▼ 0.06% RAIA DROGASIL 18.47 ▲ 1.48% RDOR3 36.12 ▲ 1.57% HAPV3 11.09 ▲ 6.02% FLRY3 16.48 ▲ 2.04% SMTO3 16.20 ▼ 1.04% UGPA3 30.09 ▼ 2.72% VBBR3 33.22 ▲ 1.40% BBSE3 40.31 ▲ 0.07% BPAC11 58.00 ▲ 0.83% CURY3 33.76 ▲ 1.93% AERI3 2.06 ▼ 0.96% VIVARA 23.48 ▲ 1.60% COMPASS 25.24 ▲ 1.90% VAMOS 3.12 ▲ 3.31% SANB11 27.40 ▲ 0.11% ASAI3 8.70 ▼ 0.11% SBSP3 30.36 ▼ 0.03% WALMEX 49.36 ▼ 0.58% GMEXICO 201.31 ▲ 2.92% FEMSA 232.29 ▲ 3.08% CEMEX 22.14 ▲ 1.65% GFNORTE 186.84 ▲ 2.62% BIMBO 56.37 ▲ 0.89% TELEVISA 9.52 ▼ 0.94% AMX 22.96 ▲ 1.64% GAP 394.20 ▼ 3.43% ASUR 277.85 ▼ 0.29% OMA 235.93 ▲ 1.12% KOF 180.40 ▼ 0.70% GRUMA 280.18 ▼ 0.42% KIMBER 38.54 ▲ 0.84% SQM-B 67,412 ▲ 0.30% COPEC 6,140 ▲ 1.37% BSANTANDER 78.77 ▲ 0.73% FALABELLA 5,914 ▲ 0.15% ENELAM 85.18 ▲ 1.16% CENCOSUD 2,050 ▲ 0.50% CMPC 1,087 ▲ 0.80% BANCO CHILE 188.19 ▲ 1.72% LATAM AIR 24.67 ▼ 0.92% YPF 77,400 ▲ 0.29% GGAL 7,910 ▼ 2.10% PAMPA 5,205 ▼ 0.38% TXAR 662.00 ▼ 0.38% ALUAR 950.00 ▼ 1.50% TGS 9,680 ▲ 1.15% CEPU 2,302 ▼ 0.73% MIRGOR 16,750 ▼ 1.47% COME 45.35 ▲ 1.27% LOMA NEGRA 3,513 ▲ 0.43% BYMA 301.75 ▼ 2.11% TELECOM ARG 4,310 ▲ 1.41% ECOPETROL 16.02 ▲ 0.88% BANCOLOMBIA 81.58 ▲ 1.44% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.68 ▲ 0.63% SOUTHERN COPPER 181.42 ▲ 3.95% BUENAVENTURA 30.75 ▲ 3.10% MERCADOLIBRE 1,856 ▼ 0.60% NUBANK 13.89 ▲ 1.57% XP 16.79 ▲ 2.54% PAGSEGURO 9.20 ▼ 0.92% STONE 11.18 ▲ 0.27% GLOBANT 31.19 ▼ 2.90% TECNOGLASS 43.85 ▲ 2.36% GAP AIRPORT 226.29 ▼ 2.78% ASUR 277.85 ▼ 0.29% OMA AIRPORT 108.15 ▲ 1.90% AMX ADR 26.27 ▲ 0.90% FEMSA ADR 133.41 ▲ 3.41% CEMEX ADR 12.72 ▲ 2.13% PETROBRAS ADR 17.94 ▲ 0.31% VALE ADR 14.58 ▲ 2.82% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.41 ▲ 1.12% AMBEV ADR 3.09 ▲ 0.98% CSN 1.03 ▼ 0.49% GERDAU 4.59 ▲ 2.23% LATAM ADR 53.28 ▼ 0.09% BTC 64,579 ▲ 3.76% ETH 1,878 ▲ 5.89% SOL 77.38 ▲ 3.36% XRP 1.12 ▲ 5.03% BNB 581.01 ▲ 2.54% ADA 0.16 ▲ 4.11% DOGE 0.07 ▲ 3.51% AVAX 6.67 ▲ 3.50% LINK 8.28 ▲ 5.17% DOT 0.85 ▲ 1.49% LTC 44.98 ▲ 3.43% BCH 237.01 ▲ 0.33% TRX 0.33 ▲ 0.33% XLM 0.19 ▲ 2.81% HBAR 0.07 ▲ 0.11% NEAR 2.02 ▲ 5.44% ATOM 1.56 ▲ 1.50% AAVE 98.90 ▲ 4.81% SELIC 14.25% EMBRAER 82.90 ▼ 0.13% EMBRAER ADR 65.40 ▲ 1.42% JBS 11.87 ▲ 0.59% JBS BDR 60.15 ▼ 0.76% MBRF3 16.17 ▲ 2.86% MBRFY 3.11 ▲ 1.97% INTER 5.67 ▲ 0.27% EGX 52,299 ▼ 0.59% USD/ZAR 16.38 ▼ 0.50% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.17 ▼ 0.16% USD/CNY 6.7624 ▼ 0.13% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1429 ▲ 0.37% GBP/USD 1.3383 ▲ 0.25% SPX 7,546 ▲ 0.40% DJI 52,513 ▲ 0.03% NDX 29,594 ▲ 1.13% RUT 2,964 ▲ 0.36% TSX 35,316 ▲ 0.18% VIX 16.42 ▼ 4.31% USD/CAD 1.4066 ▼ 0.61% US10Y 4.5890 ▼ 0.43%
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Opinion: Brazil’s Other Criminal Mastermind

By · October 21, 2016 · 2 min read

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Opinion by Michael Royster

RIO DE JANEIRO, BRAZIL – This week, Eduardo Cunha, former President of the Brazilian Chamber of Deputies, now a private citizen after having been removed from office by a vote of 450 of his peers, has been arrested and sent to jail in the “Republic of Curitiba” presided over by Judge Sergio Moro. He is charged with bribery, money laundering and interfering with Lava-Jato criminal investigations.

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In the order of imprisonment, the judge referred to Cunha as a “serial offender” who had carried out criminal actions for many years. He is undoubtedly right.

Mr. Cunha had been an elected member of the Chamber since 2003, one of the major stars in the PMDB firmament. He was also supported by Congressional backbenchers belonging to political “parties for hire”. These parties thrived through the practice of “fisiologismo”, the trading of favors among political cronies.

Cunha was the unrivaled master of this procedure, and at one point it was theorized that he had as many as 200 federal Deputies in his hip pocket because they owed him favors. All but fifty of those deserted him and voted to remove him from office, despite his threats of retribution.

Now that Cunha’s day of reckoning has arrived, he is said to have hired a lawyer who specializes in plea bargaining. That news has literally hundreds of politicians quaking in their boots. These include fellow legislators whose election campaigns he financed; those whom he served by attaching special interest riders onto “medidas provisórias” being voted into law; those whose constituents received appointments to state-owned companies; and much, much more.

In short, Cunha knows where all the bodies are buried because for over a dozen years, he was the caretaker of the cemetery, the one who allocated the various plots and saw to their maintenance. The living dead are spinning in their graves.

Lula’s grand plan for Brazil depended upon docile legislators being herded into line. The Curmudgeon submits that without the active collaboration of Eduardo Cunha and his henchmen, the Mensalão and Petrolão schemes would have failed.

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