Well no because this is banks, so some amount more than other industries. It totally depends on their rates, how much they deserve to be demonized. Like in Ch

Well no because this is banks, so some amount more than other industries. It totally depends on their rates, how much they deserve to be demonized. Like in Chile they exponentiate their borrowing costs to the 18th power onto their debtors. So let me explain: if you borrow at 10%, and double the interest, what do you get? Well the critical thing is time, patience, so doubling the interest means allowing half the time to pay back. So in fact the interest is 1.1, not .1, bankers should never add one or subtract one. You take that 1.1 and you square it, that's double the interest, get 1.21. Just as like, the banks take 1.01 international rates and exponentiate them to the 18th power to get 1.2 percent rates, what the market will bear...sort of, haven't borne it very happily recently. Lots of violence.