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Puerto Rico to File Largest Public Sector Bankruptcy in History
Breitbart ^ | May 1, 2017 | Chris W. Stewart

Posted on 05/01/2017 6:16:28 AM PDT by C19fan

Puerto Rico is set to file the largest public sector bankruptcy in history after vulture capitalist hedge funds that bought big pieces of the island’s $73 billion in defaulted debt for pennies-on the-dollar refused to take $24 billion haircut.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy
KEYWORDS: bankruptcy; puerto; puertorico
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To: I want the USA back

You own any of these bonds? I don’t.


21 posted on 05/01/2017 10:21:04 AM PDT by zek157
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To: LRoggy

There will be a haircut coming. Fairly large one...


22 posted on 05/01/2017 10:22:06 AM PDT by zek157
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To: Moltke

Definitely alive. I thought I’d heard he’d quit the cartoon a few years ago. I could be wrong. Next time I talk to him, I’ll aks him.


23 posted on 05/01/2017 1:53:41 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Texas Eagle

I make it a habit to get my morning humor fix at dilbert.com. This also links to his blog and all looks very much up to date. Tell him I said hi when you next see him!


24 posted on 05/01/2017 2:30:09 PM PDT by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building)
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To: C19fan

Bankruptcy is for individuals, Corporationa and municipalities not for states and what ever Puerto Rico is.


25 posted on 05/01/2017 4:57:53 PM PDT by Captain Compassion
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To: C19fan; rrstar96; AuH2ORepublican; livius; adorno; wtc911; Willie Green; CGVet58; Clemenza; ...
Puerto Rico Ping! Please Freepmail me if you want on or off the list.


26 posted on 05/02/2017 10:33:28 AM PDT by cll (Serviam!)
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To: cll

Beautiful. I know, picture could have been taken just about anywhere on the island...


27 posted on 05/02/2017 10:39:26 AM PDT by marron
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To: marron

Beautiful.
We’ve been there.


28 posted on 05/02/2017 5:38:00 PM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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