Rams
Member
Posts: 16684
So many colors to choose from yet so few stand out
Covington, TN
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« on: May 02, 2016, 02:01:24 AM » |
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The Government Development Bank had $422 million in payments due Monday. Puerto Rico will pay $22 million interest and it reached a deal Friday to restructure about $30 million, leaving it short $370 million.
The administration also will be paying about $50 million in other debt payments due Monday owed by various other territorial agencies.
Nearly all the bonds are held by a variety of U.S. hedge funds and mutual funds. http://www.viator.com/San-Juan/d903-ttd?pref=204Things to do in San Juan, PR. I figure the price of everything will go down soon, PR is about to default on a $370 million dollar payment due thusly further driving their economy into the dump. Of course, our all wise leader is giving more attention to Cuba than PR. http://wtop.com/latin-ameri...ebt-payments-monday/Should be an interesting Monday in PR. Not to mention the stock market..........
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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Jess from VA
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« Reply #1 on: May 02, 2016, 05:35:52 AM » |
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A very good example of what happens when you get the whole country on the FSA hand-out plan. We should just grant them independence and kick them loose. Nothing but an anchor.
As are a number of European nations.
We still have people who work (for now) and pay taxes, so it will take a bit longer.
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baldo
Member
Posts: 6961
Youbetcha
Cape Cod, MA
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« Reply #2 on: May 02, 2016, 06:41:18 AM » |
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Of course, this has nothing to do with the vulture capitalist hedge funds that are giving PR the old Romney twist.....
It's all Obama's fault, of course.
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Roadog
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« Reply #3 on: May 02, 2016, 06:49:40 AM » |
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Bush did it !  |
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baldo
Member
Posts: 6961
Youbetcha
Cape Cod, MA
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« Reply #4 on: May 02, 2016, 06:51:43 AM » |
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Serk
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« Reply #5 on: May 02, 2016, 07:00:06 AM » |
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vulture capitalist hedge funds
It's funny, venture capitalists are called "Vulture Capitalist" when they do well, but become "Angel Investors" when they lose money... |
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Never ask a geek 'Why?',just nod your head and slowly back away...  IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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baldo
Member
Posts: 6961
Youbetcha
Cape Cod, MA
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« Reply #6 on: May 02, 2016, 07:14:43 AM » |
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vulture capitalist hedge funds
It's funny, venture capitalists are called "Vulture Capitalist" when they do well, but become "Angel Investors" when they lose money... Never heard that before.....not from me, that's for sure. And the reason for being termed 'vulture capitalists', they only do well at the expense (literally) of everyone else. Nothing left but a carcass. |
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« Last Edit: May 02, 2016, 07:20:12 AM by baldo »
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threevalks
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« Reply #7 on: May 02, 2016, 09:11:14 AM » |
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Just wondering, if not for the capitalist, be they venture, vulture, or angel. Who would employ the working man that is not on the government tit?
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If you're gonna be stupid, ya gota be tough  |
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Wizzard
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Posts: 4043
Bald River Falls
Valparaiso IN
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« Reply #8 on: May 02, 2016, 10:57:02 AM » |
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Venture capitalist and hedge funds,, isn' that what Chelsea Clinton and her husband do?
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 VRCC # 24157 |
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baldo
Member
Posts: 6961
Youbetcha
Cape Cod, MA
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« Reply #9 on: May 02, 2016, 12:14:40 PM » |
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Venture capitalist and hedge funds,, isn' that what Chelsea Clinton and her husband do?
Unfortunately, yes, that's correct. |
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John Schmidt
Member
Posts: 15325
a/k/a Stuffy. '99 I/S Valk Roadsmith Trike
De Pere, WI (Green Bay)
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« Reply #10 on: May 02, 2016, 12:40:00 PM » |
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Venture capitalist and hedge funds,, isn' that what Chelsea Clinton and her husband do?
Hmmm.....Chelsea's husband huh? Guess that acorn didn't fall far from the tree, look up the history on his dad. Might bear watching, ya think! |
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Jess from VA
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« Reply #11 on: May 02, 2016, 03:15:56 PM » |
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Venture capitalism did not make Puerto Rico spend itself into the drowning stage.
It may or may not make things worse now that they are in the death throes, but they did that all by themselves.
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Alpha Dog
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« Reply #12 on: May 02, 2016, 04:16:59 PM » |
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There is so much greece in Puerto Rico, it is likely to slide south of the equator.
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baldo
Member
Posts: 6961
Youbetcha
Cape Cod, MA
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« Reply #13 on: May 02, 2016, 08:41:29 PM » |
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[url]http://www.huffingtonpost.com/entry/puerto-rico-debt-crisis-may-deadline_us_57228dc8e4b0f309baf06905/url]
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Patrick
Member
Posts: 15433
VRCC 4474
Largo Florida
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« Reply #14 on: May 03, 2016, 07:07:04 AM » |
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Not to worry, we have taken care of them for decades. I'm sure we will continue. It's only money. Ain't America great.
Or maybe they [ or we ] could get the EU to step in and help. They have had a lot of experience with Greece. I'm sure they would like to lend a helping hand.
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