Comments for Personal Loans at 59% Interest Rate: The Lowest Brazil Has Seen in 12 Years at http://www.brazzilmag.com , comment 0 to 4 out of 4 comments http://www.brazzilmag.com Thu, 21 Aug 2008 20:17:15 +0100 FeedCreator 1.7.2 http://www.brazzilmag.com/content/view/6238/1/#pc_3197 Truly amazing... how a third world country who has financial difficulties, with a minimum wage that is absurdly low, have such high interest rates? As I look at overseas interest rates (variable) of 9.5% (APR) compared to Brazil\'s 59%... how can we come to any other conclusion that THIS IS A CORRUPT COUNTRY!!! Pitiful, disgraceful, pathetic, ridiculous...makes me sick to my stomach!! - Guest Tue, 02 May 2006 08:10:53 +0100 http://www.brazzilmag.com/content/view/6238/1/#pc_3255 \"The bank spread for individuals was 44% in March.\" THIS is the catch....the bank SPREAD. Now please, someone explain to me how the cost for a bank to obtain cash at approximately 1% per month, loan it out at 5% per month...and 5% as they\'ve stated is the lowest in decades! One here in brazil can pay up to 12% interest PER MONTH on their \"check especial\", or credit line in his checking account. This is absurd and I can\'t believe that the government allows it to happen. Talking about being in bed with the Jews!!! The must LOVE brasil! - Guest Fri, 28 Apr 2006 06:32:55 +0100 http://www.brazzilmag.com/content/view/6238/1/#pc_3236 does nothing. He his financed by the banks for his re-election. Nice verbal deal ! - Guest Fri, 28 Apr 2006 00:40:13 +0100 http://www.brazzilmag.com/content/view/6238/1/#pc_3240 have consumer buying power with such rates when inflation is only 5 % ? yopu just end up paying double the price, that is already not cheap on imported goods due to your high import taxes. But the elite can still import the latest Mercedes, BMW with all options anyway. - Guest Fri, 28 Apr 2006 00:37:25 +0100