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2016-05-03 Economy
Puerto Rico Warns of More Defaults After Missing May Payment
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Posted by badanov 2016-05-03 00:00|| || Front Page|| [1 views ]  Top

#1 Any bailout isn't of PR, it's of the fools who lent PR the money.
Posted by phil_b 2016-05-03 03:16||   2016-05-03 03:16|| Front Page Top

#2 Ditto #1.

There's the additional kicker that what happens is that the contract that the "fools" signed is thrown out to insure that Unions get "their" money first.

Graft payments are, of course, unaffected.
Posted by AlanC 2016-05-03 08:18||   2016-05-03 08:18|| Front Page Top

#3 Yeah, that's what the article said - "providing essential services".
Posted by Bobby 2016-05-03 08:29||   2016-05-03 08:29|| Front Page Top

#4 Oh, don't forget the bond/mutual fund agents who conned people into taking such an obvious risk. They got their cut up front.
Posted by Procopius2k 2016-05-03 08:30||   2016-05-03 08:30|| Front Page Top

#5 I'm hoping Jawn Kerry's second wife's first husband's portfolio got hit by this - they're fairly heavy on muni debt.
Posted by Raj 2016-05-03 10:51||   2016-05-03 10:51|| Front Page Top

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