On the recordJanuary 25, 1995
the administration claims it knew nothing of the pending financial disaster in Mexico. Mexico's administration claims it knew nothing. Let me remind both administrations of what they certainly did know. Both the Mexican and the United States Governments knew the truth about the shaky peso and United States speculators' interests down south for at least 2 years before the meltdown. As reported by the Wall Street Journal during the NAFTA debate, the two governments went so far as to negotiate a secret line of credit worth $6 billion because of the pending financial crisis in Mexico. Both governments knew; both governments kept it quiet. Now Congress is expected to remain muzzled with truncated committee hearings and limited debate. Congress cannot remain silent. Let the truth come out before we vote no on this taxpayer bailout of Wall Street speculators in foreign countries.
Source
govinfo.gov
