Bailout for Mexico
- Share via
I would like to congratulate Mark Fineman for the excellent article on the Mexican bailout (“Mexico Uses $4 Billion From U.S. Bailout to Pay Investors,” April 5).
I don’t care if all the rich folks get their Mexican bonds made good by us poor folks and I don’t care if it is “impossible” to find out who those rich folks are.
But how about giving me a fair shake? Just make it “impossible” for anyone or any government agency to find out how much I pay in taxes. I’d be as happy as a clam on one of those offshore, off-tax islands.
HAROLD ERICSSON
Harbor City
*
What is thoroughly offensive about the U.S. economic system is that there is socialism for the large investor but capitalism for the small guy. Trying to convince us that bailing out Wall Street from its risky investments in foreign bonds somehow protects the small U.S. investor is an insult to our intelligence (“Hold the Cynicism,” editorial, April 6). Anyone who has ever invested and lost understands and accepts the risks, except, that is, large financial corporations whose existence is guaranteed by the government. When huge corporations are bailed out by the government can there be any doubt about who owns the government?
LARRY SHAPIRO
Rancho Mirage
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.