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Puerto Rico bankruptcy decision a Death Star for Wall Street
American Thinker ^
| 01/18/2019
| Chriss Street
Posted on 01/18/2019 7:34:41 AM PST by SeekAndFind
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To: SeekAndFind
Most muni investors also believe that the federal government will bail out any state financial crisis.
And after the banks all got bailouts in 2008, why wouldn't they?
To: SeekAndFind
Puerto Rico should be a paradise. It should be one of the wealthiest places in the US. The standard of living in Puerto Rico should be on of the highest is the Caribbean. There should be little or no poverty or homelessness.
But it isn’t.
I wonder why?..........................
3
posted on
01/18/2019 7:39:45 AM PST
by
Red Badger
(We are headed for a Civil War. It won't be nice like the last one....................)
To: SeekAndFind
Who, or what, would lend to an entity that terribly managed?
4
posted on
01/18/2019 7:40:01 AM PST
by
ConservativeMind
(Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: SeekAndFind
Anyone stupid enough to buy those bonds deserves the haircut.
Ditto Illinois bonds.
5
posted on
01/18/2019 7:40:42 AM PST
by
Politically Correct
(A member of the rabble in good standing)
To: SeekAndFind
High risk bonds carry high risk yields. Buyers beware.
6
posted on
01/18/2019 7:42:19 AM PST
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: SeekAndFind
I wouldn’t want to get THAT telephone call from my broker.
7
posted on
01/18/2019 7:42:45 AM PST
by
moovova
To: SeekAndFind
We just HAD to have an empire back in 1898.
8
posted on
01/18/2019 7:44:31 AM PST
by
DesertRhino
(Dog is man's best friend, and moslems hate dogs. Add that up. ....)
To: Red Badger
Puerto Rico allowed their “best and brightest” to essentially loot the island.
9
posted on
01/18/2019 7:48:24 AM PST
by
Eric in the Ozarks
(Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
To: SeekAndFind
Time to give Puerto Rico their freedom.
10
posted on
01/18/2019 7:50:16 AM PST
by
Cowboy Bob
("Other People's Money" = The life blood of Liberalism)
To: SeekAndFind
Make George Soros buy all of Kalifornia’s debt bonds.
11
posted on
01/18/2019 7:50:16 AM PST
by
Yo-Yo
( is the /sarc tag really necessary?)
To: SeekAndFind
Mismanaged government. It can happen. Why no let Occasional Cortex who is now on the finance committee go and solve this.
12
posted on
01/18/2019 7:51:53 AM PST
by
1Old Pro
To: SeekAndFind
Why would a State sell bonds if it budget was balanced?
13
posted on
01/18/2019 7:52:00 AM PST
by
Farmer Dean
(168 grains of instant conflict resolution)
To: moovova
Especially if you had been holding GM bonds during the bail-outs.
14
posted on
01/18/2019 7:53:51 AM PST
by
Farmer Dean
(168 grains of instant conflict resolution)
To: Cowboy Bob
RE: Time to give Puerto Rico their freedom.
They were given that choice, the keep voting NO.
15
posted on
01/18/2019 7:56:39 AM PST
by
SeekAndFind
(look at Michigan, it will)
To: SeekAndFind
The problem is that the moment it’s announced the PR is going independent, everybody would leave the island for the US to keep their US Citizenship.
16
posted on
01/18/2019 7:57:30 AM PST
by
dfwgator
(Endut! Hoch Hech!)
To: Cowboy Bob
17
posted on
01/18/2019 7:57:31 AM PST
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: dfwgator
The problem is that the moment its announced the PR is going independent, everybody would leave the island for the US to keep their US Citizenship.Unfortunately true.
18
posted on
01/18/2019 7:58:44 AM PST
by
RightGeek
(FUBO and the donkey you rode in on)
To: SeekAndFind
Last time I looked, Puerto Rico couldn’t file bankruptcy. So I would ignore anything this writer had to say.
Now, if the writer ever figures out what PROMESA means....
19
posted on
01/18/2019 8:02:39 AM PST
by
PAR35
To: Farmer Dean
Missouri and many other states sell bonds to do big bridge and road projects.
20
posted on
01/18/2019 8:11:10 AM PST
by
Eric in the Ozarks
(Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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