All of my FRiends with money in tax-free bond funds should review the fund’s bond list. A lot of them have substantial holdings in Puerto Rican bonds and, if the wide Latina gets her way, will see those holdings’ value drop to zero.
And now the bond holder lawyers claim is that there really wasn't any risk since PR couldn't declare bankruptcy?
SCOTUS going 4-4 on this knowing there's no precedent risk seems like a fair bet.