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View Diary: Congressional Salary $175,000 Constituent Salary $17,500 (31 comments)

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  •  That's because in Mexico they (1+ / 0-)
    Recommended by:
    Adam B

    are more concerned with monetary corruption than we are. By paying officials very well, they take away the incentive of bribes.

    •  Yet, ask anyone who has had to litigate in ... (0+ / 0-)

      ...Mexican courts if this is true.

      Example.  Within the last 18 months, Vitro, a glassmaker, actually invented debts so that the new "debtholders" could vote in favor of management's plan for restructuring.

      And a Mexican judge actually agreed with Vitro.  The judge ruled that there was nothing wrong with a Mexican company creating debt at the subsidiary level with the sole purpose of having that debt vote in favor of management's restructuring plan, in detriment of the non-company debtholders.

      Brazen corruption pervades the Mexican judicial system.

      Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

      by PatriciaVa on Thu Dec 19, 2013 at 07:14:44 AM PST

      [ Parent ]

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