Comments on: Puerto Rico needs to prepare for its default http://blogs.reuters.com/felix-salmon/2014/02/05/puerto-rico-needs-to-prepare-for-its-default/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: nixonfan http://blogs.reuters.com/felix-salmon/2014/02/05/puerto-rico-needs-to-prepare-for-its-default/comment-page-1/#comment-49295 Sat, 22 Feb 2014 19:01:54 +0000 https://blogs.reuters.com/felix-salmon/?p=23086#comment-49295 Also: PR will prioritize its voters’ pensions over Yankee bondholders who don’t vote.

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By: nixonfan http://blogs.reuters.com/felix-salmon/2014/02/05/puerto-rico-needs-to-prepare-for-its-default/comment-page-1/#comment-49294 Sat, 22 Feb 2014 19:00:30 +0000 https://blogs.reuters.com/felix-salmon/?p=23086#comment-49294 Congress cannot void PR’s debt obligations anymore than it can void Detroit’s. However, PR can repudiate its debt and let its creditors seek relief in New York, Argentine-style. That’s what’s going to happen.

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By: heribelto http://blogs.reuters.com/felix-salmon/2014/02/05/puerto-rico-needs-to-prepare-for-its-default/comment-page-1/#comment-49177 Thu, 06 Feb 2014 22:25:37 +0000 https://blogs.reuters.com/felix-salmon/?p=23086#comment-49177 Puerto Rico

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By: davidneubert http://blogs.reuters.com/felix-salmon/2014/02/05/puerto-rico-needs-to-prepare-for-its-default/comment-page-1/#comment-49175 Thu, 06 Feb 2014 16:10:55 +0000 https://blogs.reuters.com/felix-salmon/?p=23086#comment-49175 Puerto Rico’s biggest problem, like Detroit, is population loss. The recession you note is really just the economy getting smaller to match the new population.

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By: billyjoerob http://blogs.reuters.com/felix-salmon/2014/02/05/puerto-rico-needs-to-prepare-for-its-default/comment-page-1/#comment-49174 Thu, 06 Feb 2014 05:07:25 +0000 https://blogs.reuters.com/felix-salmon/?p=23086#comment-49174 Viva la Puerto Rico libre!

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By: baroque-quest http://blogs.reuters.com/felix-salmon/2014/02/05/puerto-rico-needs-to-prepare-for-its-default/comment-page-1/#comment-49172 Thu, 06 Feb 2014 02:26:41 +0000 https://blogs.reuters.com/felix-salmon/?p=23086#comment-49172 @Felix Salmon “start having quiet conversations in Washington about a piece of legislation which would give the island the legal freedom and ability to restructure its debts in a clean, one-and-done manner. Such a law would not be a bailout: it would involve no money flowing from DC to PR. But it would allow Puerto Rico to default on its debt and come out the other side, without the risk of years of legal chaos.”

Bravo, Felix. Yes, the carpetbaggers in Puerto Rico must be given a severe haircut. Puerto Rico and its residents must not be allowed to slide into the abyss.

However, given the people Obama has had on his economics team, especially the jackals Geithner and Summers, the above has no hope of happening.

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