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How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders — WEB OF DEBT BLOG

During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt. He said on October 3rd: You know they owe a lot of money to your friends on Wall Street. We’re gonna have […]

via How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders — WEB OF DEBT BLOG

I would support this strategy on the condition that any Puerto Rico bond debt that is held by the big banks or hedge funds not be included.

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