[lbo-talk] Stock Markets vs the Real Economy

Fernando Cassia fcassia at gmail.com
Tue Aug 9 03:41:18 PDT 2011


On Mon, Aug 8, 2011 at 20:54, Chuck Grimes <c123grimes at att.net> wrote:
> and the prototype for this in GE and its financial services division.

Oh GE Financial Services... I´ve heard of these crooks. Until May 2010 when the local branch was bought by a local bank they provided Mastercard cards down here in Argentina, specially targetting low-income people. Of all private banks and financial institutions, they had one of the most -if not the most- outrageously high interest rates.

What do you think of a 80% interest rate for a personal loan? http://www.ieco.clarin.com/mercados/Creditos-ganan-nuevo-filon-bancos_0_294570756.html [use Google Translate]

FC



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