http://www.creditwritedowns.com/2009/03/mexico-goes-hat-in-hand-to-the-imf.html
Hmm...Weird stuff going on. Peso devaluation was a big topic in Mexico when I was there. It is possible this is move to attempt pre-empt other country and Mexico is expecting big trouble from the auto maker problems. Question of the day is the Auto non-bailout another Lehman moment? Are we underestimating the impact of a major overhaul of the big three?
Tuesday, March 31, 2009
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