Brazil's Lula calls US bailout plan unfair to poor | WHAT REALLY HAPPENED


Brazil's Lula calls US bailout plan unfair to poor

Brazilian President Luiz Inacio Lula da Silva blamed the United States for the global financial crisis and said its financial bailout plan was unfair to poor people.

U.S. lawmakers on Sunday were set to sign off on a deal to create a $700 billion government fund to buy bad debt from ailing banks in a bid to stem a credit crisis threatening the global economy.

"They want to help the banks and not help the poor," Lula said late on Saturday in Sao Paulo during a campaign rally ahead of Oct. 5 municipal elections.

"Why give $700 billion to the banks and no money to the poor guys who lost their houses," Lula asked, according to local media.

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