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19224 Articles by: Abigail Torre

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Abigail Torre grew up in Chile and now lives in Berkeley, California where she is cochair of the East Bay chapter of Democratic Socialists of America.

The Disaster of Privatized Banking in Mexico

Since the 1990s, Mexico’s banks have been privatized, bailed out, and sold off, resulting in a massive upward transfer of wealth. The AMLO administration is introducing a public option for basic banking, but it must go further to rein in the untrammeled power of the banks.