I need to learn how to make my links work. But here is what got my attention today:
This is a credit card company that specialized in Brazil. It is making huge profits. Not a bad thing. But I think How? Brazil is not a wealthy country. So the debt that the people hold still needs to be paid back. Right?
From the Article-
"Although the IPO showed strong demand, some brokerages that were banned a day before the IPO closed on June 25 expressed confusion about the regulatory environment."
Regulations are mandatory to regulate the companies, to protect them and the consumer. Free Markets only really work with some basic rules or greed takes over, as seen on Wall street recently. I am sure the company adapt, because if it does not then both company and consumer can be harmed.
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