Boots & Sabers

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2123, 03 Aug 15

Puerto Rico Defaults

Eventually, those bad decisions catch up with everyone.

The commonwealth paid a mere $628,000 toward a $58 million debt bill due Monday to creditors of its Public Finance Corporation. This will hurt the island’s residents, not Wall Street. The debt is mostly owned by ordinary Puerto Ricans through credit unions


2123, 03 August 2015

1 Comment

  1. Kevin scheunemann

    Again, this is what happens when liberals run out of other people’s money to spend.

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