MindWars
Diamond Member
- Oct 14, 2016
- 42,227
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- #1
Dealing with Puerto Rico’s crushing debt has started to resemble a circular firing squad. Simply put, the bankrupt island can’t pay everything it owes, so creditors are taking aim at each other as they squabble over who will get what’s left. But the debt’s size and the tangled process invented to rescue Puerto Rico mean there’s no established rule book to shape what comes next. Holders of general-obligation debt have declared their right to be paid first,
Puerto Rico’s Bankruptcy Fight Is About to Plunge Into the Unknown
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I wonder if the US gets to be the lucky world police bailing out those who can't take care of themselves thanks to the Socialism that worked so well down there. One would think the idiots here would take a lesson from these other Countries who have failed.
Puerto Rico’s Bankruptcy Fight Is About to Plunge Into the Unknown
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I wonder if the US gets to be the lucky world police bailing out those who can't take care of themselves thanks to the Socialism that worked so well down there. One would think the idiots here would take a lesson from these other Countries who have failed.
