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> Based on an NPR/Frontline report [0], it sounds like the debt Puerto Rico took on was a total financial market scam. The financial institutions schemed up som
by darawk 7y ago
> Based on an NPR/Frontline report [0], it sounds like the debt Puerto Rico took on was a total financial market scam. The financial institutions schemed up some pretty crazy debt packages specifically for Puerto Rico that depended on PR's non-state status and specific rules/laws that it has applied to it.
a) I don't see anything in the article that implies the debt packages were particularly complex or manipulative.
b) Even if they were, are you saying that the state of Puerto Rico was not competent to evaluate it's own financial decisions?
- dylan604 7y agoTo be honest, I originally heard the report on the radio, and did a cursory search for a linkable article. This might not have been the exact article I was thinking it was.