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JOSÉ L. FLORES – Wall Street’s New Man in Brazil: The Forces Behind Dilma Rousseff’s Impeachment

Currently, Brazilian President Dilma Rousseff has become the target of a political insurrection. The legislature is in the process of convicting Ms. Rousseff on charges of corruption, thereby permanently removing her from office.  In the meantime, Vice -President Michel Temer has assumed the responsibilities of president.  Ms. Rousseff’s charges include using profits form Petrobras, the Brazilian semipublic oil corporation, to cover-up budget shortfalls.

The manipulation of the national budget could be considered unorthodox; however, the funds were mostly used on covering the costs of popular social programs. Acting President Michel Temer is simultaneously being investigated for bribery and corruption; however, he is a great friend to Wall Street and is a U.S. intelligence informant, which arguably puts him beyond reproach when considering impeachment or indictment.

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