Trump: Puerto Ricos debt will have to be wiped out

http://www.jpost.com/Breaking-News/Trump-says-Puerto-Ricos-debt-will-have-to-be-wiped-out-506670?utm_source=dlvr.it&utm_medium=twitter

US President Donald Trump said Tuesday while on a trip to Puerto Rico to observe hurricane recovery efforts that the island’s massive debt will have to be wiped out.

“They owe a lot of money to your friends on Wall Street and we’re going to have to wipe that out. You’re going to say goodbye to that, I don’t know if it’s Goldman Sachs but whoever it is you can wave goodbye to that,” Trump said in an interview with Fox News.

Puerto Rico, which earlier this year filed the biggest bankruptcy in US municipal history, is struggling to regain economic stability in the face of a $72 billion debt load and near-insolvent public health and pension systems.

———-

that would fix a lot of problems..for investors and bond holders..as for the people..not so much really..after this disaster any positive effect would take years to filter through..

“Puerto Rico, which earlier this year filed the biggest bankruptcy in US municipal history, is struggling to regain economic stability in the face of a $72 billion debt”

401

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~ by seeker401 on October 5, 2017.

7 Responses to “Trump: Puerto Ricos debt will have to be wiped out”

  1. Reblogged this on World4Justice : NOW! Lobby Forum..

  2. he sent back NALED .. so they sent him Irma

    When the CDC send a shipment of naled to Puerto Rico to combat Zika, Puerto Rican governor Alejandro García Padilla sent it back, according to the Guardian.

    https://qz.com/1075935/swarmed-with-mosquitoes-after-harvey-texas-calls-in-the-us-air-force/?fref=gc&dti=1603749823201398

    https://greenbook-assets.s3.amazonaws.com/M107438.pdf

  3. Good to see Rev17 back!

  4. PrezTrump said that will ask goldmanSucks to wipe the debt paraphrasing

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