http://blogs.reuters.com/muniland/2012/07/27/puerto-rico%e2%80%99s-debt-overload/ Bridges, budgets, bonds Thu, 09 May 2013 14:47:19 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/muniland/2012/07/27/puerto-rico%e2%80%99s-debt-overload/comment-page-1/#comment-1607 SalvatoreM Mon, 30 Jul 2012 17:20:32 +0000 http://blogs.reuters.com/muniland/?p=11537#comment-1607 I agree that investors should be cautious and limit their muni portfolios to 10%, but I think Schankel discounts too quickly the power of the American voters of Puerto Rican descent. Maybe not directly, but Washington has provided plenty of backdoor support to hemispherical and world allies through indirect means such as the Federal Reserve swap lines, or the IMF and World Bank. Mexico in the mid 90's is indicative of what this country is capable of doing for our allies, let alone one of our territories. I agree that investors should be cautious and limit their muni portfolios to 10%, but I think Schankel discounts too quickly the power of the American voters of Puerto Rican descent. Maybe not directly, but Washington has provided plenty of backdoor support to hemispherical and world allies through indirect means such as the Federal Reserve swap lines, or the IMF and World Bank. Mexico in the mid 90′s is indicative of what this country is capable of doing for our allies, let alone one of our territories.

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