Mexico is further along the path the US is traveling

Later On

From Muck Reads:

Mexico’s response to billions in potential fraud: look the other way. Between 2003 and 2012, a Reuters investigation into the state-owned petroleum giant Pemex found $11.7 billion in contracts that Mexico’s Federal Audit Office cited as having serious problems. From 2008 to 2012, auditors recommended action in 274 cases. Pemex acted on three of them, and a handful of employees were suspended. Further insulating Pemex and the Mexican government from addressing these fraud allegations, the auditors — seemingly independent employees of a separate federal agency — were found to collect paychecks from Pemex and work in the company’s offices. “In Mexico, no one gets punished,” said the former head of Mexico’s Federal Audit Office. — Reuters via @micarosenberg

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