Following the incident, Correa resigned from Palacio's government. He had also proposed the issuance of government bonds at a lower interest rate than the 8.5% prevailing one at that time. Venezuela's government was to purchase half of the new bond issue. Correa claimed in his resignation letter that the sale was done with full presidential authorization, but cited lack of support from the president as a factor in his decision to resign. When Correa resigned as minister, polls showed he had the highest credibility of any official in the administration at the time, with 57% of Ecuadorians saying that they trusted him.