[Dog Gone]

The couple of times we did that, the peso was on the edge of collapse. That would have meant economic chaos and a flight of Mexicans across our border that would make today's horrendous rate seem like a trickle.

Basically we bailed out their entire banking system. There is no banking crisis here so it's wrong to compare the two situations.

Mexico imports most of its durable goods, so a strong peso helps them.

[FITZ]

But if we have to import certain necessities like oil --- how does a weak dollar help us? I know we can still import most of the durables because China is still tied to the dollar.