The Financial Control Board (FCB) is on its way to Puerto Rico. Last night, the US Senate passed the PROMESA bill by a vote of 68-30. When it starts operating, the FCB will find a “cooperative” legislature that is already eager to privatize the island’s beaches, in exchange for a piece of the action.
This FCB is a disaster for Puerto Rico. Over the past eight months, I have written 16 articles about it. Here they are, all 16 of them…
The FCB closes another hospital
Let us hope that the “political leaders” of Puerto Rico will work on behalf of their people, rather than use this FCB to acquire more “leverage” over their brothers and sisters.
We saw an example of this “leverage” last week – when they tried to privatize the island’s major beaches on the last day of their legislative session.
Within a few weeks, we will begin to see who our political leaders really represent…the people of Puerto Rico, or the Board members and billionaires who can “partner” with the politicians, and make them all rich.