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 Tomales Rancho Bolsa de Tomales Rancho Bolsa de Tomales was a Mexican land grant in present day Marin County and Sonoma County, California given in 1846 by Governor Pío Pico to Juan Nepomuceno Padilla. The name means "the Pool of the Tomales Indians," which referred to Burbank’s Lake. The grant extended along the Pacific coast from Estero de San Antonio south to Walker Creek, and encompassed present day Tomales. Stemple Creek transversed the property. The land claim was rejected as fraudulent by the US Supreme Court. Juan Nepomuceno Padilla (1824–) came from Mexico to California. Padilla was elected as the alcalde