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 of Guadalupe Hidalgo provided that the land grants would be honored. As required by the Land Act of 1851, a claim for Rancho Bolsa de las Escorpinas was filed with the Public Land Commission in 1852, and the grant was patented to Salvador Espinoza in 1876. Rancho Bolsa de las Escorpinas Rancho Bolsa de las Escorpinas was a Mexican land grant in present-day Monterey County, California given in 1837 by Governor Juan B. Alvarado to Salvador Espinoza. The grant was northwest of present-day Salinas, bounded on the south by today's Espinosa Lake. Espinosa Road runs east–west through the former rancho