20404 Article(s) by: Yi San

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Yi San is a freelance writer based in New York.

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.