No fed bailout for p r. Any storm rebuilding by the feds to be strictly on a loan basis.
They can’t pay back the loans they aready have. Why give them any more?
According to Mulvaney Trump’s not talking about a federal bailout. He’s talking about a debt restructuring similar to bankruptcy. It’s the Wall St. banks that loaned them the money that would have to take the hit. The ones who made the bad loans in the first place. He’s recognizing the reality that there’s no realistic way for PR to pay them back.