Wednesday, December 10, 2008

Following Up

Congress presented some evidence to back its attacks on banks for charging more for credit cards: the combined total of interest rates and finance charges in Mexico ranges from 47 to 112 percent of the initial charge, which compares to 57 to 53 percent in Chile, 28 to 36 percent in Colombia, 33 percent in Venezuela, and 24 to 60 percent in Peru. You keep on gouging, Mexican banks!

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