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>He made a fortune in distressed sovereign debt, purchasing bonds from countries that appeared to be in financial trouble, watching as they defaulted, then suin
by andrepd 7y ago
>He made a fortune in distressed sovereign debt, purchasing bonds from countries that appeared to be in financial trouble, watching as they defaulted, then suing in court for full repayment.
Amazing. I want to bet in shit games like roulette, inevitably lose my money, then sue the casino and get it back.
Fucking parasites. A we know the only way to deal with these people. It's clear that "peaceful protests" can simply be ignored.
- oh_sigh 7y agoIs any blame to be assigned to PR for issuing bonds and then not honoring them?
- bliblah 7y agoThe problem lies in the fact that Puerto Rico (unlike States and other municipalities in the United States) is unable to declare bankruptcy due to being a commonwealth. If they could then these financial institutions would be unable to raid the island's coffers.
- oh_sigh 7y agoUS states can't declare bankruptcy which seems the closest analog to what PR is
- occamrazor 7y agoHowever aren’t US states also obliged to run a balanced budget?
- oh_sigh 7y agoOkay, so PR isn't obliged to run a balanced budget, and they sold bonds that were beyond their ability to repay, and so the people asking for the bonds to be repaid are the bad guys here?
- deleted 7y ago[deleted]
- crazynick4 7y agoA peaceful protest that is non-cooperative in nature will eventually be noticed. If they leave when the authorities tell them to leave (Occupy Wall Street) then yes you are correct.