The US public debt is enormously greater than the debt of Puerto Rico. For this reason Puerto Rico must send a Financial Control Board to Washington, to manage the disastrous US economy. Here are the numbers to… Read More
Luís Fortuño ruled over Puerto Rico like a miniature Ronald Reagan. He fired 30,000 workers, closed over 100 schools, reduced pension benefits, raised the university tuition, and hiked gasoline and sales taxes. He also campaigned aggressively against… Read More
A group called the “Center for Individual Freedom” (CFIF) has purchased $200,000 in TV ads in the Washington D.C. media market, to convince legislators to deny Puerto Rico any immediate debt relief. The ads will air on… Read More
Stone Lion Capital Partners, one of the vulture funds in Puerto Rico, is lying and misrepresenting the role that hedge funds are playing in Puerto Rico…and hiring Puerto Ricans to help them do it. At a recent… Read More
A Financial Control Board will soon control the government and economy of Puerto Rico. Critics view this board as a collection agency for hedge funds that own much of Puerto Rico’s $73 billion public debt. A recent… Read More