The U.S. is Mexico’s third largest financial institution | PostIndependent.com
YOUR AD HERE »

The U.S. is Mexico’s third largest financial institution

Dear Editor,

In response to a recent letter doubting Bob Anderson and his statement that the United States is the is the third largest source of income in Mexico, that is factual information. Besides Western Union and U.S. Banks, the Wall Street firms have also devised a way to sell securities tied to the dollars transferring south of the border. There is a substantial sum of American dollars (estimates placed it at $4 billion to $6 billion in 1996) transferred out of the country annually to Mexico. The United States is, unfortunately for American citizens, the third largest financial “institution” in Mexico, at a huge cost to our economy. Mr. Anderson is correct.

Sincerely,



Marty Lich

Gypsum


Support Local Journalism

Support Local Journalism

Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User