(Redirected from Fobaproa)
Fund Bank Savings Protection (Fobaproa) was a contingency fund created in 1990 by the Mexican government to deal with potential financial problems extraordinary. In December 1998, was replaced by IPAB, the Institute for the Protection of Bank Savings.
With a history of successive economic crisis, among other things, led to a lack of liquidity in the banking system, was created in 1990 Fobaproa. To potential financial crises that lead to the insolvency of banks by the failure of debtors to the banking and massive withdrawal of deposits, Fobaproa serve due to assume the portfolios and capitalize on financial institutions. In the years following Fobaproa, the design, implementation and who were the beneficiaries princiaples it became one of the most controversial issues in Mexican politics because of the long-term state debt involved.
- The Motley Fool
But there is still serious money. - Chicago Tribune
The President of the Federal Reserve Bank of Chicago said what everyone who has the broad predictions of his fellow economists already know: " Inflation is devilishly difficult to predict. "
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