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 Chamisal Rancho Bolsa de Chamisal Rancho Bolsa de Chamisal was a Mexican land grant in present-day San Luis Obispo County, California given in 1837 by Governor Juan B. Alvarado to Francisco Quijada. The grant extended along the Pacific coast, just south of present-day Oceano, and was bordered on the north by Rancho Pismo and the south by Rancho Guadalupe. Vicente Quijada (1755–) came to California with the 1781 Rivera expedition. Quijada was part of the Santa Barbara founding garrison in 1782. In 1779 Vicente Quijada first married Juana María Armenta (1755–1783). In 1785, he married his second wife, Antonia Josefa Pinuelas