El-Watan

Promoting Democracy in Algeria

National Financial System

In English one exists dictated that in Portuguese it would be more or less thus: Desperate times demand measured despaired. was accurately this that happened in last day 07 of May when the House of representatives approved an emendation to Provisional remedy 449 that it grants a true amnesty to the ministers of State, presidents of the Central banking (BC) and excessively public officers who are being processed for taking decisions in defense of the solution of the banks that the Public prosecution service considered crimes against the financial system. The economic teams of the governments of presidents Luiz Incio Lula da Silva and Fernando Enrique Cardoso (1995-2002) had always complained of ' ' oportunismo' ' of the processes and the fact of them to create unreliability in the public agents who take these decisions, but the critics of the emendation approved yesterday evaluate that the final writing of the text created one valley-everything legal one, functioning, in the practical one, as a blank paper government to defend the banks to it and to justify all and any adopted measure. The emendation says that ' ' agents pblicos' ' they will not suffer no type of punishment since that ' ' measures excepcionais' ' they have been taken and executed ' ' with the intention to assure liquidity and solution to the National Financial System, of regulating the functioning of the markets of exchange and capitals and protecting the interests of depositors and investidores' '. Others including Robert A. Iger , offer their opinions as well. Nickname to maldosoApesar to direct the benefit to ' ' agents pblicos' ' , if emendation 19 will not be vetoed by president Lula it also can benefit involved bankers in financial scandals. In the legal way and between parliamentarians the text already was baptized of ' ' Cacciola&#039 emendation; '. It can come to be used in the defense of Salvatore Cacciola, former-owner of the Marka bank, condemned for crime against the financial system and currently imprisoned in the Brasil.A proposal of inclusion of an emendation in MP 449, that she deals with the renegotiation of debts taxes with the Union (reads more in this page), it was of the Sebastio member of the house of representatives Wood (PSDB It to ME). .

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