David Hendler
![David Hendler](/assets/img/authors/unknown.jpg)
David Hendler
hurting
You can only do so much in asset-backed before you're hurting your profitability.
brazil default feeling next problem similar year
Our feeling is that Brazil will default in the next year and you could have a similar problem to what you had in Argentina.
emphasis expanding leverage near operating positive quest seems
It seems that the emphasis on expanding distribution outweighs the quest for positive operating leverage in the near term.