Go Symbol Lookup
Loading...

Spot Gold Extends Losses, Falls 3.3% to Weakest Since October 2010

'Let the Drugs Flow' to the US From Mexico: Salinas

 Text Size  
Published: Friday, 29 Jun 2012 | 2:15 PM ET

Ricardo Salinas, Mexico’s second-richest man, told CNBC Friday that drugs should be allowed to flow more freely from Mexico to the U.S. to help stem drug violence.

Is Europe's New Deal Enough?
CNBC's Michelle Caruso-Cabrera discusses Europe's new deal, and continued concerns for businesses with big international exposure, with Ricardo Salinas, Grupo Salinas chairman & CEO.

Salinas said the government should “crack down on violent crime and let the distribution drugs flow to where they’re needed in this big market in America.”

While that sounds bad, he said, that is the reality of the drug trade today.

“As long as long as the huge demand in the States exists, it will be supplied from Mexico or another country,” Salinas said.

— By CNBC.com's Justin Menza.

 Print
Ricardo Salinas, Mexico’s second-richest man, told CNBC Friday that drugs should be allowed to flow more freely from Mexico to the U.S. to help stem drug violence.

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Featured

U.S. Video

  • CNBC's Bertha Coombs reports on George Zimmer, the founder and CEO of Men's Warehouse, who was fired.

  • Discussing the Fed's asset purchase program, volatility and what's ahead for the U.S. economy and government, with Niall Ferguson, Harvard University Professor, and author of "The Great Degeneration."

  • The Washington Post reports President Obama's trip to Africa could cost between $60-100 million. Bill Burton, Former Deputy White House Press Secretary, and Robert Costa, National Review, discuss.