[lelio]

While Argentina was a darling of Wall Street in the 1990s after a bonanza of market reforms, now it is almost impossible for consumers to get a simple bank loan. Firms must rely on their own cash rather than credits to expand.

This goes on the top of my "What the heck happened" list.

[bruinbirdman]

Argentina was a darling of Wall Street in the 1990s after a bonanza of market reforms

Of course, that's when the peso was dollarized. It is not now.

yitbos