Hedge Funds Win, Puerto Ricans Lose in First Debt Restructuring Deal

[Prince.Skeletor]

A federal court this week approved a plan that will grant predatory vulture funds a huge payday while consigning the island's citizens to 40 years of high sales taxes.

Wall Street scored a major victory this week in its seemingly endless campaign to extract profit from Puerto Rico, as a federal court approved a deal that locks in 40 years of extremely generous government payments on sales tax–backed bonds, the island’s largest pool of debt.

Hedge Funds Win, Puerto Ricans Lose in First Debt Restructuring Deal

 

[Secure Da Bag]

A federal court this week approved a plan that will grant predatory vulture funds a huge payday while consigning the island's citizens to 40 years of high sales taxes.

Wall Street scored a major victory this week in its seemingly endless campaign to extract profit from Puerto Rico, as a federal court approved a deal that locks in 40 years of extremely generous government payments on sales tax–backed bonds, the island’s largest pool of debt.

Hedge Funds Win, Puerto Ricans Lose in First Debt Restructuring Deal

US treats the Puerto Rico like a colonized African nation?

 

[ADevilYouKhow]

US treats the Puerto Rico like a colonized African nation?

If they were made a state the bs would stop

 

[BoBurnz]

If they were made a state the bs would stop

If the Dems win in 2020 the literal first thing they should be doing is DC and PR statehood to get a foothold back in the senate.

They won't But that's the play.

 

[ADevilYouKhow]

If the Dems win in 2020 the literal first thing they should be doing is DC and PR statehood to get a foothold back in the senate.

They won't But that's the play.

I hear you