A PUBLIC BANK IS ON THE BRINK. And YOUR MONEY might be the only thing that saves it.
The Banco de Brasília (BRB) is scrambling to cover a financial hole so massive, estimates point to OVER 3 BILLION REAIS in losses. This disaster stems from its reckless dealings with the scandal-plagued Banco Master—dealings now under investigation for FRAUD.
The bank’s desperate “rescue plan” is a slap in the face to every taxpayer. They are studying options that include: siphoning money from a public credit guarantee fund, creating a real estate fund with government property, or demanding a direct cash injection from its controlling shareholder—the Government of the Federal District itself.
Governor Ibaneis Rocha has already promised to use the public coffers to “socorrer” or bail out the bank. This means DISTRICT FUNDS, your funds, could be used to clean up a mess created by shady transactions. Remember, this is the same bank that funneled a staggering R$ 16.7 BILLION into Banco Master before regulators finally stepped in.
While police probe for criminal mismanagement, the bank’s final note claims it is “solid, safe and operating normally.” They always say that right before the floor gives way.
The political elite gambled with public money and lost. Now they expect you to pay for it.
Edited for Kayitsi.com




