, Columnist
Brazil Can't Afford Another Supreme Court Scandal
It doesn’t look as tidy on the inside.
Photographer: AGB Photo Library/Universal Images Group/Getty
Carnaval may be winding down, but the political scandal shaking Brazil’s establishment is only gathering steam.
Months after the spectacular collapse of Banco Master, the politically-connected lender liquidated at an estimated cost of 55 billion reais ($10.5 billion) for the deposit insurance fund, the fallout continues to spread, staining the Supreme Court’s reputation. The justice overseeing the investigation into the fast-growing bank’s downfall, José Antonio Dias Toffoli, agreed last week to step aside amid mounting pressure from his fellow justices.