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To: SatinDoll
On the other side of the table, of course, are hedge funds that bought the debt when Puerto Rico got in trouble at a deep discount and expect 100 cents on the dollar. They're not inclined to bargain, and will now (of course) look to the government to hand them a gun to use on Padilla.

Puerto Rico must have something of value the bond holders can use; like land, buildings, etc. - Tom

3 posted on 06/29/2015 11:27:10 AM PDT by Capt. Tom
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To: Capt. Tom
Puerto Rico must have something of value the bond holders can use; like land, buildings, etc.

Or the same valuable thing the Greeks have found.
Hey, Vlad Putin, how would you like to have a naval base here?


4 posted on 06/29/2015 11:29:26 AM PDT by Buckeye McFrog
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To: Capt. Tom

“Puerto Rico must have something of value the bond holders can use; like land, buildings, etc.”

MUFON says there is a secret UFO base in PR. /s


5 posted on 06/29/2015 11:33:50 AM PDT by equaviator (There's nothing like the universe to bring you down to earth.)
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