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 the production of a fraudulent and false certificate of approval signed by the governor and secretary who signed the grant and proved by the same witnesses in the same way that the grant was proved, affords (in the absence of explanatory evidence,) strong ground for believing all the title papers to be fabricated", and the claim was rejected. 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,"