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
Sabal mexicana Sabal mexicana Sabal mexicana is a species of palm tree that is native to North America. Common names include Rio Grande palmetto, Mexican palmetto, Texas palmetto, Texas sabal palm, palmmetto cabbage and palma de mícharos. The specific epithet, ""mexicana"", is Latin for "of Mexico." Mexican palmetto reaches a height of , with a spread of . The trunk reaches in length and in diameter. The fan-shaped fronds are wide and attach to spineless petioles. Spikes in length yield small bisexual flowers. The drupes are black when ripe and in diameter. The current range of "S. mexicana" extends from South Texas