of the Interior of violations to the law of banking secrecy. The president of the PRD, Andrés Manuel López Obrador declared that it would be "unconstitutional" to convert the funds owed by investors and bankers into public debt. PAN On August 20 of the same year the National Action Party ("Partido Acción Nacional" or PAN) published the document Propuestas de solución integral a la crisis bancaria ("Proposals for an integral solution to the banking crisis") and declared that not only external factors were involved in the economic crisis but also the inefficiency and corruption in the administration of banks. One of the proposals was the creation of a Instituto para el Seguro de Depósitos Bancarios ("Institute for the Insurance of Bank Deposits") supervised by Congress and to protect funds of saving-holders. PRI A week later, on August 28 the Institutional Revolutionary Party ("Partido Revolucionario Institucional" or PRI) proposed the reduction of 30% of the debt assumed by the Fobaproa and that banks assumed the risk they had agreed to when the debt was acquired by the government: 45% for mortgage loans and 60% for fishing and agricultural groups. They also demanded denying bail to white collar employees involved with corruption and a stricter supervision of banks. References External links Fobaproa: Paso a paso ("Fobaproa: Step by step"), part II and part III at the Chamber of Deputies of Mexico site Aspectos legales y económicos del rescate bancario en México ("Legal and economic aspects of the banking rescue in Mexico") IPAB Instituto para la Protección al Ahorro Bancario (Bank Savings Protection Institute) Mexico's deposit insurance agency The Mexican Economy at the Banco de México site Si nadie entiende, paguen ahora ("If nobody understands, then pay now"), article by Carlos Monsiváis Black list at El Barzón's site Expediente Fobaproa ("The Fobaproa file") at La Jornada Fobaproa–IPAB El rescate bancario salvó al país ("The banking rescue saved the country"), article on todito.com 1990 in Mexico 1994 in Mexico Economic history of Mexico Modern Mexico Political scandals in Mexico Deposit insurance