Fobaproa the FONAPRE ("Fondo de Apoyo Preventivo a las Institiciones de Banca Múltiple" or "Fund of preventive support to banking institutions") was founded to preserve the financial stability of banks, with the government having banks as trustees. By 1987, a parallel finance industry had been created with brokering firms, investment societies etc. To continue attracting investors, interest rates increased at the Bolsa Mexicana de Valores, and with the crash in the New York Stock Exchange, the national banking system was deeply affected and another devaluation came as a result. In 1990, in an attempt to prevent situations similar to those of
Rancho Bolsa de las Escorpinas the inland side of Elkhorn Slough. Salvador Maria Espinoza (1796–) married Maria Josefa Lugarda Castro (1796–1848) in 1814. Espinosa served in a number of public offices in Monterey including alcade and regidor. He was mayordomo (administrator) at Mission Soledad in 1836-1839. He received the two square league Rancho Bolsa de las Escorpinas in 1837. Salvador's brother, José Trinidad Espinoza, was grantee of neighboring Rancho Los Gatos or Santa Rita. Salvador's son, Jose Carlos Cayetano Espinosa, was the grantee of Rancho Posa de los Ositos. With the cession of California to the United States following the Mexican-American War, the 1848 Treaty