Carlos Slim puts his money where his mouth is…
Carlos Slim said Monday that he doesn’t expect a repeat of the ten percent drop in gross domestic product seen last quarter and that although the Mexican economy will not “grow significantly” in the near future, the country will experience modest growth in the coming year.
What makes it noteworthy, and not that Slim was not calming nervous investors, or whistling in the dark, but announcing that his family (though his son, Marco Antonio Slim Domit, was planning to open 300 new branches (up from the present seventy) of Grupo Financiero Inbursa in the coming year.
Twenty percent of funding for the expanded commercial lender is coming from the Spanish investment bank, La Caixa, meaning Slim is hardly alone in sensing that Mexican businesses are credit-worthy.
Slim also spoke of the need for continued government spending to protect family income and employment… which probably makes him a commie.
mexfiles.net 
Just a quick note. The capitalist side of my split personality doesn’t get to applaud very much these days, but Slim is one guy that ‘does capitalism right’.
Nothing wrong with making money (round this way they say ‘money has no smell’…same up there RG?), it’s what you do with it that rocks or sucks. Slim has played the big casino game, won bigtime and knows what to do with his enormous wealth to aggregate benefit (for himself and for others). A smart guy and Mexico should be proud.