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This bank buys US Government bonds, holds them on deposit in Mexico, and then makes loans out in Pesos using bonds denominated in US dollars, insured by FDIC. When those loans go on default or when they are refinanced at cheaper rates or reduced principles, the American taxpayers pay for it.
This article is within the scope of WikiProject Finance & Investment, a collaborative effort to improve the coverage of articles related to
Finance and
Investment on Wikipedia. If you would like to participate, please visit the project page, where you can join
the discussion and see a list of open tasks.Finance & InvestmentWikipedia:WikiProject Finance & InvestmentTemplate:WikiProject Finance & InvestmentFinance & Investment articles
This article is within the scope of WikiProject Mexico, a collaborative effort to improve the coverage of
Mexico on Wikipedia. If you would like to participate, please visit the project page, where you can join
the discussion and see a list of open tasks.MexicoWikipedia:WikiProject MexicoTemplate:WikiProject MexicoMexico articles
This article is within the scope of WikiProject Organizations, a collaborative effort to improve the coverage of
Organizations on Wikipedia. If you would like to participate, please visit the project page, where you can join
the discussion and see a list of open tasks.OrganizationsWikipedia:WikiProject OrganizationsTemplate:WikiProject Organizationsorganization articles
This article is within the scope of WikiProject Trade, a collaborative effort to improve the coverage of
Trade on Wikipedia. If you would like to participate, please visit the project page, where you can join
the discussion and see a list of open tasks.TradeWikipedia:WikiProject TradeTemplate:WikiProject TradeTrade articles
This article is within the scope of WikiProject United States, a collaborative effort to improve the coverage of topics relating to the
United States of America on Wikipedia. If you would like to participate, please visit the project page, where you can join the ongoing discussions.
This bank buys US Government bonds, holds them on deposit in Mexico, and then makes loans out in Pesos using bonds denominated in US dollars, insured by FDIC. When those loans go on default or when they are refinanced at cheaper rates or reduced principles, the American taxpayers pay for it.
