What person in their right mind would take out a personal loan charging over 100 percent, one might ask? What honest business would give a loan at over 100 percent?One of the financial market’s main roles is to lubricate economies by channeling funds from savers to investors. The global crisis shows what happens when things go awry, when the financial markets become an end in themselves, channeling funds into their own pockets rather than to productive industry to drive growth and wealth.Unfortunately, one part of the industry in Latvia - the fast credit lending sector - is...
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