Puerto Rico ‘Bailout’ Just the Beginning?

Regardless of the political spin this is a bailout. If this action is allowed to move forward this will be just the beginning – bailouts for states are next?

“Rep. Paul Ryan (R-WI) wants Congress to pass a law that would cause Puerto Rico bondholders who own $73 billion in notes from the territory’s government to be treated the same way the federal government treated Chrysler bondholders back in 2008 and 2009.” click here

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