#28 This has to be the most hilarious retort I've read here in weeks! "Blame the HF and Vulture Investors?" LOL
Dude they BOUGHT PR debt and are losing their shirts!!! I challenge you to read that stupid article and try to explain HOW they caused this!!
Leave it to libs to blame anybody but themselves. Their population was leaving and they kept borrowing. Only fools bought into PR munis.
Puerto Rico's benchmark 8% general-obligation bonds, due in 2035, traded Friday around 64, down from 73 at the start of the year and 93 when the $3.5 billion issue was sold in March 2014. Other GO debt changes hands in the mid-50s. Puerto Rico's long-term senior Cofina bonds, backed by sales-tax revenue, trade around 57, and junior Cofina debt, near 40. BARRONS 5/7/2016
Go ahead I'll give you a chance to make your case, then I'll blow you out of the water!!!!!!