October 8, 2017

Political Support Growing to Wipe Out Puerto Rico’s Wall Street Debt

President Donald Trump, Independent Sen. Bernie Sanders, and Illinois Democratic Rep. Luis Gutiérrez are all on the same page when it comes to how to handle Puerto Rico’s crushing debt load in the wake of Hurricane Maria: The hedge funds need to take the hit.

“They owe a lot of money to your friends on Wall Street, and we’re going to have to wipe that out,” Trump said on Fox News this week. “You can say goodbye to that. I don’t know if it’s Goldman Sachs, but whoever it is, you can wave goodbye to that.” Read more.

Intercept

Related,
- Puerto Rico Suffers as Debt Vultures Linger (video) - TRNN

- Rothschild replaces Millstein as Puerto Rico financial adviser - Reuters
- Rothschild to advise Puerto Rico on $69bn debt restructuring - Financial Times

- Puerto Rico Finds Going Bust Isn't Cheap as Consultant Fees Rise - Bloomberg
- Honest Government Advert - Visit Puerto Rico (video) - Juice Media

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