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Mexican leftist presidential frontrunner Andres Manuel Lopez Obrador gets support from business community

Mexican leftist presidential frontrunner Andres Manuel Lopez Obrador set about wooing the country’s powerful banking community on Friday, seeking to extinguish fears he would seize property, instead targeting graft and poverty alleviation.

Speaking in the Pacific resort of Acapulco at an annual banking convention, Lopez Obrador received applause from the well-heeled audience for a speech that sought to build bridges with a pro-business message of gradual change and unity.

“We will support banks and we won’t confiscate assets,” he said. “There won’t be expropriations or nationalizations.”

Lopez Obrador reminded his audience that he had worked with the private sector when he ran Mexico City as mayor from 2000-2005, but said his government would focus on poverty alleviation.

“We are gong to listen to everyone, respect everyone … for the benefit of everyone – first of all the poor,” he said.

His mainstream opponents, ruling party candidate, former finance minister Jose Antonio Meade, and opposition coalition hopeful Ricardo Anaya, received considerably longer applause for their speeches at the event.

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