SANTANA BRITTO
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Brazil: A Country Held Hostage by Interest Rates and Banks
While the majority of the Brazilian population struggles to pay bills and obtain credit, the four largest private banks in the country accumulate billion-dollar profits solely from financial operations that yield extremely high interest rates. There are over R$$ 7.3 trillion under management, with a large portion of investments concentrated in public bonds, benefiting a small group of rentiers who produce nothing but profit like never before.
The pro-Bolsonaro deputies support the rates
While the majority of the Brazilian population struggles to pay bills and obtain credit, the four largest private banks in the country accumulate billion-dollar profits solely from financial operations that yield extremely high interest rates. There are over R$$ 7.3 trillion under management, with a large portion of investments concentrated in public bonds, benefiting a small group of rentiers who produce nothing but profit like never before.
The pro-Bolsonaro deputies support the rates
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