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Puerto Rico's First-Ever Bond Default Exposes Island's 'Debt Colony' Status


#1

Puerto Rico's First-Ever Bond Default Exposes Island's 'Debt Colony' Status

Sarah Lazare, staff writer

Just a month after Governor Alejandro García Padilla claimed that Puerto Rico's overall $72 billion debt is "not payable," the government missed a $58 million bond payment for the first time on Monday, compounding the duel crises of debt and poverty that analysts say is rooted in the island's true status as a "debt colony" of the United States.


#2

Dimon and Blankfein no doubt have their eyes on some prime Puerto Rican real estate…


#4

Why is debt legal? It causes far more problems than alcohol, drugs and terrorism combined… and it probably makes those things worse in the process.
I doubt prostitutes would entertain doing business on the tick. So why do our leaders. (Rhetorical question).
Anyone who can afford to lend money doesn’t need it back.


#5

The Bankster Empire strikes again.

I swear, Wall Street is nothing but a broken record.

Cheat, Steal, Kill…


#6

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