IBOV 167,674.89 ▼ 0.12% IPSA 11,003.17 ▼ 1.13% IPC MEX 65,860.95 ▲ 0.45% MERVAL 3,027,068 ▲ 0.15% COLCAP 2,429.93 ▲ 0.27% BVL PERÚ 58,737.38 ▲ 0.28% USD/BRL5.16▼ 0.07% USD/MXN17.07▼ 0.18% USD/CLP913.47▼ 0.02% USD/COP3,131▼ 0.28% USD/PEN3.36▼ 0.70% USD/ARS1,494▲ 0.17% USD/UYU40.27▲ 1.24% USD/PYG5,939▲ 1.68% USD/BOB11.64▼ 0.76% USD/DOP58.34▲ 1.25% USD/CRC445.92▲ 0.89% USD/GTQ7.62▲ 2.21% USD/HNL26.79▲ 1.57% USD/NIO36.62▲ 0.69% USD/VES762.44▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.29 — 0.00% USD/TTD6.70▲ 0.61% EUR/BRL5.95▲ 1.03% BRENT 88.81 ▼ 0.11% WTI 83.25 ▲ 0.06% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.30% GOLD 4,486 ▲ 2.35% SILVER 65.88 ▲ 1.71% SOY 1,179 ▲ 2.75% CORN 473.50 ▲ 8.41% WHEAT 650.50 ▲ 3.21% COFFEE 320.10 ▼ 4.66% SUGAR 16.61 ▼ 0.72% ORANGE JUICE 137.95 ▼ 0.90% COTTON 85.03 ▲ 2.33% COCOA 5,748 ▲ 3.70% BEEF 224.18 ▼ 3.68% CATTLE 339.65 ▼ 3.01% LITHIUM 75.28 ▲ 1.58% PETR4 41.63 ▼ 0.07% VALE3 73.25 ▲ 1.22% ITUB4 38.67 ▼ 0.85% BBDC4 16.82 ▲ 0.18% ABEV3 14.91 ▼ 0.67% BBAS3 19.31 ▲ 0.16% B3SA3 14.20 ▼ 0.63% WEGE3 47.61 ▲ 0.53% PRIO3 59.13 ▼ 0.20% SUZB3 41.28 ▲ 2.23% RENT3 34.61 ▼ 0.29% AZZA3 15.88 ▼ 2.70% CSAN3 3.24 ▼ 1.22% RAIZ4 0.25 — 0.00% PCAR3 2.78 ▲ 0.72% GMAT3 3.63 ▼ 1.63% PSSA3 48.29 ▼ 0.21% CVCB3 1.30 ▼ 5.11% POSI3 3.36 ▲ 2.44% SLCE3 13.29 ▼ 0.08% NATU3 8.16 ▼ 0.49% BRKM5 5.70 ▲ 1.06% RANI3 7.97 ▲ 0.89% CSNA3 4.39 ▲ 2.57% CMIN3 5.56 ▼ 0.18% USIM5 6.57 ▼ 0.76% GGBR4 24.55 ▲ 1.61% ENEV3 24.17 ▼ 1.55% CPFE3 43.38 ▼ 0.62% CMIG4 10.38 ▼ 0.19% EQTL3 35.53 ▼ 0.78% LREN3 11.99 ▼ 0.33% VIVT3 29.96 ▼ 0.60% RAIL3 13.08 ▲ 0.93% KLABIN 17.71 ▲ 0.91% RAIA DROGASIL 17.95 ▼ 1.81% RDOR3 32.39 ▼ 2.35% HAPV3 9.60 ▼ 1.94% FLRY3 18.29 ▲ 0.55% SMTO3 14.55 ▼ 3.06% UGPA3 30.64 ▼ 1.13% VBBR3 33.21 ▼ 0.06% BBSE3 37.46 ▲ 0.54% BPAC11 50.11 ▼ 0.04% CURY3 31.18 ▼ 1.02% AERI3 2.18 ▼ 3.54% VIVARA 21.08 ▲ 0.91% COMPASS 21.62 ▼ 0.51% VAMOS 2.81 ▲ 0.36% SANB11 29.45 ▼ 0.24% ASAI3 8.08 — 0.00% SBSP3 26.06 ▲ 0.27% WALMEX 48.50 ▲ 0.27% GMEXICO 223.55 ▲ 0.47% FEMSA 200.89 ▼ 0.39% CEMEX 19.11 ▼ 0.21% GFNORTE 194.07 ▲ 1.23% BIMBO 60.88 ▼ 1.12% TELEVISA 9.69 — 0.00% AMX 19.79 ▼ 1.00% GAP 364.70 ▲ 0.01% ASUR 273.06 ▲ 0.52% OMA 232.58 ▲ 0.22% KOF 186.99 ▲ 0.30% GRUMA 251.87 ▼ 0.29% KIMBER 39.64 ▲ 0.18% SQM-B 65,250 ▼ 0.93% COPEC 5,990 ▼ 0.66% BSANTANDER 79.21 ▼ 1.23% FALABELLA 6,346 ▼ 1.29% ENELAM 87.11 ▲ 0.13% CENCOSUD 1,951 ▼ 1.95% CMPC 1,022 ▼ 1.73% BANCO CHILE 185.32 ▼ 0.82% LATAM AIR 23.98 ▼ 1.52% YPF 7,690 ▼ 1.28% GGAL 6,930 ▼ 1.49% PAMPA 5,040 ▼ 0.79% TXAR 745.00 ▼ 2.68% ALUAR 941.00 ▼ 0.90% TGS 8,770 ▼ 1.29% CEPU 2,140 ▲ 1.09% MIRGOR 1,650 ▼ 1.20% COME 40.94 ▼ 0.70% LOMA NEGRA 3,158 ▲ 0.96% BYMA 274.50 ▼ 1.88% TELECOM ARG 4,233 ▼ 0.70% ECOPETROL 16.90 ▼ 0.65% BANCOLOMBIA 96.86 ▼ 1.17% GRUPO AVAL 5.40 ▲ 2.66% CREDICORP 373.66 ▼ 0.89% SOUTHERN COPPER 193.52 ▼ 0.50% BUENAVENTURA 34.60 ▼ 0.59% MERCADOLIBRE 1,881 ▼ 3.04% NUBANK 13.48 ▼ 1.28% XP 15.51 — 0.00% PAGSEGURO 8.70 ▼ 2.19% STONE 9.86 ▼ 1.00% GLOBANT 38.01 ▼ 2.49% TECNOGLASS 42.22 ▼ 1.29% GAP AIRPORT 213.90 ▲ 0.15% ASUR 273.06 ▲ 0.52% OMA AIRPORT 108.67 ▲ 0.25% AMX ADR 23.18 ▼ 1.07% FEMSA ADR 117.48 ▼ 0.63% CEMEX ADR 11.18 ▼ 0.09% PETROBRAS ADR 17.95 ▲ 0.11% VALE ADR 14.52 ▲ 1.36% ITAU ADR 7.48 ▼ 0.27% SANTANDER BR 5.75 — 0.00% AMBEV ADR 2.85 ▲ 0.18% CSN 0.88 ▲ 1.32% GERDAU 4.80 ▲ 2.35% LATAM ADR 52.54 ▼ 0.89% BTC 63,472 ▼ 0.13% ETH 1,891 ▲ 0.54% SOL 75.63 ▼ 0.74% XRP 1.01 ▼ 1.18% BNB 610.08 ▼ 1.04% ADA 0.18 ▼ 2.70% DOGE 0.07 ▼ 1.38% AVAX 6.36 ▲ 0.60% LINK 8.74 ▼ 0.34% DOT 0.79 ▼ 0.40% LTC 45.06 ▼ 0.89% BCH 213.39 ▼ 0.12% TRX 0.34 ▲ 0.25% XLM 0.16 ▼ 1.82% HBAR 0.07 ▼ 0.70% NEAR 1.63 ▲ 1.17% ATOM 1.40 ▼ 2.29% AAVE 89.20 ▲ 1.09% SELIC 14.00% EMBRAER 95.59 ▲ 3.36% EMBRAER ADR 74.06 ▲ 3.74% JBS 13.09 ▲ 0.54% JBS BDR 67.48 ▲ 0.67% MBRF3 16.64 ▲ 2.97% MBRFY 3.14 ▲ 5.72% INTER 5.10 ▼ 1.92% EGX 55,040 ▲ 0.38% USD/ZAR16.15▼ 0.34% USD/NGN1,359▼ 0.29% NIKKEI 67,524 ▲ 0.83% CSI300 4,691 ▲ 0.58% HSI 25,440 ▼ 0.83% NIFTY 24,436 ▼ 0.15% KOSPI 6,579 ▲ 3.68% JCI 6,374 ▲ 1.69% USD/JPY159.35▲ 0.04% USD/CNY6.73▼ 0.19% DAX 26,331 ▼ 0.23% CAC 8,675 ▼ 0.46% FTSE 10,833 ▼ 0.10% MIB 53,699 ▼ 0.01% IBEX 20,204 ▼ 0.05% STOXX 659.48 ▼ 0.16% EUR/USD1.15▼ 0.08% GBP/USD1.35▼ 0.07% SPX 7,746 ▲ 0.23% DJI 53,831 ▲ 0.07% NDX 29,754 ▲ 0.77% RUT 3,043 ▲ 0.54% TSX 36,614 ▲ 0.38% VIX 14.79 ▼ 3.21% USD/CAD1.39▲ 0.09% US10Y 4.6700 ▼ 0.30% IBOV 167,674.89 ▼ 0.12% IPSA 11,003.17 ▼ 1.13% IPC MEX 65,860.95 ▲ 0.45% MERVAL 3,027,068 ▲ 0.15% COLCAP 2,429.93 ▲ 0.27% BVL PERÚ 58,737.38 ▲ 0.28% USD/BRL 5.16 ▼ 0.03% USD/MXN 17.06 ▼ 0.19% USD/CLP 912.82 ▼ 0.09% USD/COP 3,133 ▼ 0.22% USD/PEN 3.36 ▼ 0.60% USD/ARS 1,494 ▲ 0.17% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.03% BRENT 88.81 ▼ 0.11% WTI 83.25 ▲ 0.06% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.30% GOLD 4,486 ▲ 2.35% SILVER 65.88 ▲ 1.71% SOY 1,179 ▲ 2.75% CORN 473.50 ▲ 8.41% WHEAT 650.50 ▲ 3.21% COFFEE 320.10 ▼ 4.66% SUGAR 16.61 ▼ 0.72% ORANGE JUICE 137.95 ▼ 0.90% COTTON 85.03 ▲ 2.33% COCOA 5,748 ▲ 3.70% BEEF 224.18 ▼ 3.68% CATTLE 339.65 ▼ 3.01% LITHIUM 75.28 ▲ 1.58% PETR4 41.63 ▼ 0.07% VALE3 73.25 ▲ 1.22% ITUB4 38.67 ▼ 0.85% BBDC4 16.82 ▲ 0.18% ABEV3 14.91 ▼ 0.67% BBAS3 19.31 ▲ 0.16% B3SA3 14.20 ▼ 0.63% WEGE3 47.61 ▲ 0.53% PRIO3 59.13 ▼ 0.20% SUZB3 41.28 ▲ 2.23% RENT3 34.61 ▼ 0.29% AZZA3 15.88 ▼ 2.70% CSAN3 3.24 ▼ 1.22% RAIZ4 0.25 — 0.00% PCAR3 2.78 ▲ 0.72% GMAT3 3.63 ▼ 1.63% PSSA3 48.29 ▼ 0.21% CVCB3 1.30 ▼ 5.11% POSI3 3.36 ▲ 2.44% SLCE3 13.29 ▼ 0.08% NATU3 8.16 ▼ 0.49% BRKM5 5.70 ▲ 1.06% RANI3 7.97 ▲ 0.89% CSNA3 4.39 ▲ 2.57% CMIN3 5.56 ▼ 0.18% USIM5 6.57 ▼ 0.76% GGBR4 24.55 ▲ 1.61% ENEV3 24.17 ▼ 1.55% CPFE3 43.38 ▼ 0.62% CMIG4 10.38 ▼ 0.19% EQTL3 35.53 ▼ 0.78% LREN3 11.99 ▼ 0.33% VIVT3 29.96 ▼ 0.60% RAIL3 13.08 ▲ 0.93% KLABIN 17.71 ▲ 0.91% RAIA DROGASIL 17.95 ▼ 1.81% RDOR3 32.39 ▼ 2.35% HAPV3 9.60 ▼ 1.94% FLRY3 18.29 ▲ 0.55% SMTO3 14.55 ▼ 3.06% UGPA3 30.64 ▼ 1.13% VBBR3 33.21 ▼ 0.06% BBSE3 37.46 ▲ 0.54% BPAC11 50.11 ▼ 0.04% CURY3 31.18 ▼ 1.02% AERI3 2.18 ▼ 3.54% VIVARA 21.08 ▲ 0.91% COMPASS 21.62 ▼ 0.51% VAMOS 2.81 ▲ 0.36% SANB11 29.45 ▼ 0.24% ASAI3 8.08 — 0.00% SBSP3 26.06 ▲ 0.27% WALMEX 48.50 ▲ 0.27% GMEXICO 223.55 ▲ 0.47% FEMSA 200.89 ▼ 0.39% CEMEX 19.11 ▼ 0.21% GFNORTE 194.07 ▲ 1.23% BIMBO 60.88 ▼ 1.12% TELEVISA 9.69 — 0.00% AMX 19.79 ▼ 1.00% GAP 364.70 ▲ 0.01% ASUR 273.06 ▲ 0.52% OMA 232.58 ▲ 0.22% KOF 186.99 ▲ 0.30% GRUMA 251.87 ▼ 0.29% KIMBER 39.64 ▲ 0.18% SQM-B 65,250 ▼ 0.93% COPEC 5,990 ▼ 0.66% BSANTANDER 79.21 ▼ 1.23% FALABELLA 6,346 ▼ 1.29% ENELAM 87.11 ▲ 0.13% CENCOSUD 1,951 ▼ 1.95% CMPC 1,022 ▼ 1.73% BANCO CHILE 185.32 ▼ 0.82% LATAM AIR 23.98 ▼ 1.52% YPF 7,690 ▼ 1.28% GGAL 6,930 ▼ 1.49% PAMPA 5,040 ▼ 0.79% TXAR 745.00 ▼ 2.68% ALUAR 941.00 ▼ 0.90% TGS 8,770 ▼ 1.29% CEPU 2,140 ▲ 1.09% MIRGOR 1,650 ▼ 1.20% COME 40.94 ▼ 0.70% LOMA NEGRA 3,158 ▲ 0.96% BYMA 274.50 ▼ 1.88% TELECOM ARG 4,233 ▼ 0.70% ECOPETROL 16.90 ▼ 0.65% BANCOLOMBIA 96.86 ▼ 1.17% GRUPO AVAL 5.40 ▲ 2.66% CREDICORP 373.66 ▼ 0.89% SOUTHERN COPPER 193.52 ▼ 0.50% BUENAVENTURA 34.60 ▼ 0.59% MERCADOLIBRE 1,881 ▼ 3.04% NUBANK 13.48 ▼ 1.28% XP 15.51 — 0.00% PAGSEGURO 8.70 ▼ 2.19% STONE 9.86 ▼ 1.00% GLOBANT 38.01 ▼ 2.49% TECNOGLASS 42.22 ▼ 1.29% GAP AIRPORT 213.90 ▲ 0.15% ASUR 273.06 ▲ 0.52% OMA AIRPORT 108.67 ▲ 0.25% AMX ADR 23.18 ▼ 1.07% FEMSA ADR 117.48 ▼ 0.63% CEMEX ADR 11.18 ▼ 0.09% PETROBRAS ADR 17.95 ▲ 0.11% VALE ADR 14.52 ▲ 1.36% ITAU ADR 7.48 ▼ 0.27% SANTANDER BR 5.75 — 0.00% AMBEV ADR 2.85 ▲ 0.18% CSN 0.88 ▲ 1.32% GERDAU 4.80 ▲ 2.35% LATAM ADR 52.54 ▼ 0.89% BTC 63,472 ▼ 0.13% ETH 1,891 ▲ 0.54% SOL 75.63 ▼ 0.74% XRP 1.01 ▼ 1.18% BNB 610.08 ▼ 1.04% ADA 0.18 ▼ 2.70% DOGE 0.07 ▼ 1.38% AVAX 6.36 ▲ 0.60% LINK 8.74 ▼ 0.34% DOT 0.79 ▼ 0.40% LTC 45.06 ▼ 0.89% BCH 213.39 ▼ 0.12% TRX 0.34 ▲ 0.25% XLM 0.16 ▼ 1.82% HBAR 0.07 ▼ 0.70% NEAR 1.63 ▲ 1.17% ATOM 1.40 ▼ 2.29% AAVE 89.20 ▲ 1.09% SELIC 14.00% EMBRAER 95.59 ▲ 3.36% EMBRAER ADR 74.06 ▲ 3.74% JBS 13.09 ▲ 0.54% JBS BDR 67.48 ▲ 0.67% MBRF3 16.64 ▲ 2.97% MBRFY 3.14 ▲ 5.72% INTER 5.10 ▼ 1.92% EGX 55,040 ▲ 0.38% USD/ZAR 16.15 ▼ 0.34% USD/NGN 1,359 ▼ 0.08% NIKKEI 67,524 ▲ 0.83% CSI300 4,691 ▲ 0.58% HSI 25,440 ▼ 0.83% NIFTY 24,436 ▼ 0.15% KOSPI 6,579 ▲ 3.68% JCI 6,374 ▲ 1.69% USD/JPY 159.35 ▲ 0.05% USD/CNY 6.7322 ▼ 0.06% DAX 26,331 ▼ 0.23% CAC 8,675 ▼ 0.46% FTSE 10,833 ▼ 0.10% MIB 53,699 ▼ 0.01% IBEX 20,204 ▼ 0.05% STOXX 659.48 ▼ 0.16% EUR/USD 1.1533 ▼ 0.11% GBP/USD 1.3501 ▼ 0.02% SPX 7,746 ▲ 0.23% DJI 53,831 ▲ 0.07% NDX 29,754 ▲ 0.77% RUT 3,043 ▲ 0.54% TSX 36,614 ▲ 0.38% VIX 14.79 ▼ 3.21% USD/CAD 1.3937 ▲ 0.09% US10Y 4.6700 ▼ 0.30%
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Brazil Guest Opinions

Opinion: In Defense of Glenn Greenwald, or Vaza Jato vs. Lava Jato

By · July 25, 2019 · 3 min read

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RIBEIRÃO PRETO, BRAZIL – (aka The Curmudgeon): Glenn Greenwald, the American journalist who became famous worldwide for having collaborated with Edward Snowden in publishing classified government documents, has now become (in)famous in Brazil.

Greenwald’s publication The Intercept has been divulging behind-the-scenes communications between judge Sérgio Moro and members of the Lava Jato prosecutorial team, which purport to show collaboration between them—something that is impermissible in criminal court cases.

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Sérgio Moro, as a federal court judge, became the public face of Brazil’s Lava Jato anti-corruption investigations, which have undeniably brought about a sea change in Brazil’s criminal law—now, for the first time in Brazil’s history, rich and powerful people are put in jail for their crimes.

The “Vaza Jato” leaks involving Moro have caused intense anxiety among supporters of Lava Jato, because they question his impartiality as a judge. Partiality by judges makes their decisions subject to annulment.

That prospect simultaneously frightens and angers Lava Jato supporters, whose immediate reaction has been to question Greenwald’s character and his motives for publishing the leaked material.

Some see Greenwald as part of a leftist-inspired conspiracy to resurrect the crown of saintly innocence that sits, rather uneasily, on Lula’s head while he remains in a Curitiba jail cell: Greenwald’s husband is, after all, a leftist federal deputy.

Others say Greenwald’s true objective is to destabilize and eventually de-legitimize Brazil’s current government by discrediting Moro and, by implication, President Bolsonaro who rewarded his crusading activities by handing him the Ministry of Justice and the promise of a seat on Brazil’s Supreme Court (STF).

The Curmudgeon disagrees with both of these criticisms; rather, he firmly believes that Glenn Greenwald wants to improve justice in Brazil by bringing transparency and impartiality to legal proceedings.

We will begin with who Glenn Greenwald is, and what drives him to criticize the excesses of the Lava Jato program.

First of all, he is a U.S. citizen and a U.S.-trained lawyer. He knows the canons of Anglo-Saxon common law and believes in their efficacy. One of the absolute principles of this law is that courts and judges should not—indeed: they must not—act as crusaders.

The only role of the courts is to decide cases and controversies, based on evidence submitted in court by lawyers for the parties. This is the essence of the adversarial system of justice, which was knowingly adopted by Brazil’s 1988 Constitution.

A corollary principle is that lawyers are prohibited from speaking privately to a judge without opposing counsel also being present (an “ex parte communication”) in relation to any matter that may affect the outcome of the case.

These two ethical principles are inculcated into all U.S. lawyers, starting in law school; lawyers are taught that ethical violations compromise the entire system of justice, not just individual litigants.

The published Vaza Jato leaks indicate that judge Sérgio Moro engaged in numerous ex parte communications with prosecutor Deltan Dallagnol; they further indicate that Moro independently suggested that prosecutors investigate certain facts.

Glenn Greenwald clearly believes that the Vaza Jato leaks demonstrate two ethically improper actions by Judge Moro, which together amount to collusion between judge and prosecutors.: (1) he acted as an investigating “crusading judge”; and (2) he engaged in prohibited “ex parte” communications with prosecutors.

The Curmudgeon respectfully submits that Glenn Greenwald is correct.

There are those, of course, who say that even if the ethical violations occurred, they really should not matter, because the results in the Lava Jato cases were correct—guilty criminals were convicted and went to jail.

The Curmudgeon respectfully disagrees with this proposition, because the end does not justify the means.

In bygone U.S. frontier days, judges and sheriffs would prevent outraged citizens from lynching cattle rustlers. They would calm irate ranchers by telling them they would work together: “We’ll give them a fair trial and then we’ll hang them.

That was not justice then; it is not justice now.

 

 

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