Batista Poster Boy For Brazil's Ills - Business Insider

Batista Poster Boy For Brazil's Ills - Business Insider:

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It isn't often that a former central bank president feels the need to reassure a country that it's economic problems are not the fault of one single man.
This weekend, however, former Brazilian central bank president Arminio Fraga told the press that erstwhile billionaire tycoon Eike Batista's losses were not the reason for the country's stock market malaise.

Batista himself, over a year ago the 7th richest man in the world, has lost billions from his commodities and logistics empire — EBX — and is now estimated to be worth only around $200 million, including debt."

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