Muni bond holders who were chasing yield for the past 7+ years.
One bank has already had to pay a high fine (though a fraction of
what they made) for pushing the crapola.
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Puerto Rico - Who do they owe the money too?...
Posted by saturn6 on 29th of Jun 2015 at 03:30 pm
Not much mention of this in the MSM
Puerto Rico.... can no longer make payments... on its $73 billion in debt,
- according to Governor Alejandro Garcia Padilla,
"The debt is not payable ... there is no other option.
- This is not politics,
- this is ...math,"
Garcia Padilla
Muni bond holders who were
Posted by a_l_ on 29th of Jun 2015 at 03:32 pm
Muni bond holders who were chasing yield for the past 7+ years. One bank has already had to pay a high fine (though a fraction of what they made) for pushing the crapola.