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It's also consistent with his whole real estate career. But his view seems to have been that he (now the US) can default on anyone, but woe to anyone who dares to default on him.
by gk (gk (gk quattro due due sette @gmail.com)) on Wed Oct 4th, 2017 at 06:33:51 PM EST
[ Parent ]
My point is, the US Congress will not permit PR default --OR-- loan forgiveness for PR --NOR-- will it intervene in civil litigation by PR creditors to mitigate PR's debt service burden. IT IS WRITTEN.

Furthermore, PR "territory" status offers no recourse to restructure debt such as available to US states and municipalities (eg. Detroit judgment, based on fraudulent CDO marketing which convected the mayor!)


Diversity is the key to economic and political evolution.

by Cat on Wed Oct 4th, 2017 at 07:12:33 PM EST
[ Parent ]

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