Puerto Rico Bailout Bad for Bondholders and Financial Markets
17 June 2016
Peter Roff, Contributing Editor at U.S. News & World Report, discusses why the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) passed by the U.S. House and currently being considered in the Senate is a bad idea, how it gives a free pass to Puerto Rico's political leadership, and what other mechanisms exist for dealing with the Commonwealth's massive debt.
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