Enrique Pena Nieto Quotes


We have solid financial institutions, but they lent very little. So with the financial reform, we wanted to push them to lend more and to encourage the development bank to create instruments for lending mainly for micro and medium-sized companies.


Citations

Enrique Pena Nieto, President of Mexico, Interview with Lally Weymouth The Washington Post, September 28, 2014

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After the Great Recession the Mexican bankers, like their American counterparts, tightened their credit standards so much that the only people who could get loans were the ones who didn’t need it. If banks do not make loans, it matters not that they are solid institutions that are well capitalized.


For many general government regulations—labor, environment, non discrimination—the small business has a proportionately heavier burden of compliance. So large businesses have always been able to count on small business to lobby against regulation and for deregulation. However, when it comes to financial regulation such as the Dodd-Frank regulations essentially apply to large businesses. As a matter of fact, small businesses were on many ways the most frequent victims of the large banks and investment bank excesses in the Meltdown of 2008. Before most of the regulations could even take effect, the financial industry was already trying to get small business to lobby to roll back the protective regulations preventing future meltdowns and bank failure resulting from loose regulation and greedy irresponsible financial industry behavior. The President campaigned to convince the small business not to support the finance industry over their usual “knee jerk” reaction to any regulation.


Carney was a Canadian. Under a quirk of British law, the Governor of the Bank of England need not be a British citizen so long as he is a citizen of a Country of the British Empire.


Enrique Pena Nieto
Enrique Pena Nieto
  • Born: July 20, 1966
  • Nationality: Mexican
  • Profession: Statesman

Enrique Peña Nieto OMRI CYC GCB, commonly referred to by his initials EPN, is a Mexican politician. He served as the 64th President of Mexico from 1 December 2012, to 30 November 2018. A member of the PRI, he previously served as Governor of the State of Mexico from 2005 to 2011, local deputy from 2003 to 2004, and Secretary of Administration from 2000 to 2002.