Daily Archives: June 25, 2015

A Financial Control Board Proposal for Puerto Rico — Medium

Posted on June 25, 2015 by StevenTorresRamos

Back in January, I wrote a piece about how Jeffrey Gundlach was wrong about Puerto Rico’s default risk — “I don’t care if [Puerto Rico] securities flop around,” Gundlach said, they will find a way to pay. The territory’s power utility, the Puerto … Continue reading →

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Financial Control Board Should Take Over Debt-Laden Puerto Rico, Lawmaker Says – The New York Times

Posted on June 25, 2015 by StevenTorresRamos

In one of the strongest bids yet for federal intervention into Puerto Rico’s fiscal woes, a member of Congress is calling for a control board to take over the island’s beleaguered government. Representative Jeffrey D. Duncan, a South Carolina Republican, … Continue reading →

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