Puerto Rico to default further on debts

[katsung47]

Puerto Rico to default further on debts
Nathan Bomey, USA TODAY 5:42 p.m. EDT May 2, 2016

The confrontation between debt-swamped Puerto Rico and its creditors is intensifying as the U.S. territory will default on payments due Monday, deepening the island's financial crisis and placing additional pressure on Congress to intervene.

Puerto Rico to default further on debts

 

[Alex.]

Does not look like it will be relieved any time too soon either.

 

[tyroneweaver]

The obama wall street made a bad investment. Now they want the American taxpayer to bail em out. typical.

 

[numan]

.
If we were smart, everyone who could should default on all debts whatever.

That would really stick it to the oligarchs and the corrupt international financial mobsters.
.

 

[Luddly Neddite]

The obama wall street made a bad investment. Now they want the American taxpayer to bail em out. typical.

BS.

The US started crapping in PR long before Obama was even born.

Even though they are Americans, now the Repubs are finishing the job.

 

[william the wie]

Chapter 3 bankruptcy can be involuntary and PR doesn't have much in the way of options.

Raise taxes even further and the economic collapse they are now experiencing will go Zimbabwe/Venezuela.

The Ds under Clinton and Obama have been a joint venture of Wall St. and the mob, so no help there.

The Rs don't care.

Court supervision is the only option out there. That will be rough.

 

[tyroneweaver]

The obama wall street made a bad investment. Now they want the American taxpayer to bail em out. typical.

BS.

The US started crapping in PR long before Obama was even born.

Even though they are Americans, now the Repubs are finishing the job.

Nice try with the reversal. Maybe you can come up with something original next time.

 

[OnePercenter]

Lack of tourism is Puerto Rico's biggest issue stemming from the Republican financial failure of 2007-2008.

 

[waltky]

Uncle fer says it don't matter to him...

... long as dem Puerto Rican girls is just dyin' to meet him.