*Exclusive- Puerto Rico’s Debt Default: “It’s All Corruption…”
SilverDoctors.com
May 3, 2016
“…And Nobody Has the F***ing Balls to Do Anything About it:“
Exclusive: Puerto Rico’s Debt Default “100% Caused By CORRUPTION”
With Puerto Rico officially defaulting today on a $422 Million payment to creditors, The Doc flew in to San Juan for a boots-on-the-ground view on the island’s debt crisis from the locals’ perspective.
What we heard repeatedly today in San Juan’s financial district as to the true cause of the fiscal crisis might shock most financial pundits, and can be summed up in a single word: CORRUPTION…
Sunday evening, Puerto Rico Governor Alejandro García Padilla informed Puerto Ricans of Monday’s planned bond default in a televised speech,
“Faced with the inability to meet the demands of our creditors and the needs of our people, I had to make a choice. I decided that essential services for the 3.5 million American citizens in Puerto Rico came first.”
The Rest…HERE
