March 25, 2007

Viva Wall Street!

In the Washington Post of March 25 Lyla Ward, in “Who needs a fence? Viva Mexico, USA!” suggests that the USA should simply go ahead and acquire Mexico and she is obviously unaware of how the financial markets work. The fact is that as Wall Street could just as easy execute a leveraged buy out of the USA by the Mexicans financed by the Chinese, they would be more favorably inclined to do so as they could make much more money than if it was the USA buying Mexico. Having said that I wonder if it really is so necessary to formalize an affair or a takeover between the two countries, in a church or in a notary, since for all practical purposes both countries have been for quite some time living de facto together, more steamily than those who are bound together in the more formalized relationship of the European Union.