Maria’s ‘Other’ Victims: Puerto Rican Bondholders

CNBC (10/4/17) assumes that “you” are among the “more than 500,000 individual bondholders” or the “hundreds of thousands more investors with small exposure through mutual funds”—despite the fact that it gets 43 million visitors a month. With crushing debt threatening to annihilate its economy (CounterSpin, 7/31/15, 5/12/17), the island of Puerto Rico was already desperate. … Continue reading Maria’s ‘Other’ Victims: Puerto Rican Bondholders