Brazil's President Lula Blames Bolsonaro for Banco Master Collapse

Brazilian President Luiz Inacio Lula da Silva has attributed the collapse of Banco Master to his predecessor, Jair Bolsonaro, during a campaign event. Bloomberg posted on X, highlighting the political tensions that have intensified as a result of this accusation. Lula's remarks come amid ongoing scrutiny of the financial institution's downfall, which has become a focal point in the country's political discourse. The situation underscores the deepening divide between the current administration and the previous government, as both sides continue to exchange blame over economic challenges.