Today President Obama signed the PROMESA (Puerto Rico Bailout) bill created by representative Paul Ryan, and with it the immediate suspension of the Fifth Amendment which was supported by a Senate vote yesterday. The Fifth Amendment protects U.S. Citizens from federal seizure of property without compensation. It applies in this instance to Puerto Rico via the general obligation bonds (property) purchased by municipal bond holders (investing citizens), which were supposed to be repaid, and which congress has now determined can be frozen. In addition, PROMESA suspends legal redress, by blocking bond holders (property owners) from suing the debtor (PR) to...