opal-lee

19243 Articles by: Opal Lee

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Opal Lee is a writer.

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.