Another Bit of Ol' Mexico

It was announced today (18 October 2007)that AeroMexico had been sold at auction to the Barrazas business group at Banamex (Mexico's Pseudo National Bank). A "misprint" in the auction rules resulted in other bidders' bids being placed two minutes past the deadline. Grupo Barrazas had been a major financial supporter of Quisiling Calderon's bid for the presidency which itself was put on auction last year, although the bid amount was not disclosed until today. Banamex is owned by Citigroup which is doubtlessly overjoyed with Mexico's new found democracy.