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Thread: Trump says Puerto Rico's debt Will Have To be Wiped Out

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    Default Trump says Puerto Rico's debt Will Have To be Wiped Out

    Trump says Puerto Rico's debt will have to be wiped out

    Oct 3 (Reuters) - President Donald Trump said on Tuesday while on a trip to Puerto Rico to observe hurricane recovery efforts that the island's massive debt will have to be wiped out.
    "They owe a lot of money to your friends on Wall Street and we're going to have to wipe that out. You're going to say goodbye to that, I don't know if it's Goldman Sachs but whoever it is you can wave goodbye to that," Trump said in an interview with Fox News.
    Puerto Rico, which earlier this year filed the biggest bankruptcy in U.S. municipal history, is struggling to regain economic stability in the face of a $72 billion debt load and near-insolvent public health and pension systems.
    Wow! What do we think he means by this???

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    Default Re: Trump says Puerto Rico's debt Will Have To be Wiped Out

    Banksters will have to eat it
    slavenomore likes this.

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    Default Re: Trump says Puerto Rico's debt Will Have To be Wiped Out

    Quote Originally Posted by slavenomore View Post
    Trump says Puerto Rico's debt will have to be wiped out



    Wow! What do we think he means by this???
    He did mention Goldman Sachs

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    Default Re: Trump says Puerto Rico's debt Will Have To be Wiped Out

    Puerto Rico bonds sink; White House says no debt bailout

    Looks like the market and all it's powers are telling Trump no....on Puerto Ricos debt....It's headed for $90 billion....if Trump pulled a power play on that one...we'd probably have another Kennedy/Lincoln and any of those others who got shot crossing the banks...
    I'd love to see them lose their grip though....a system where some never lose and everybody else always does.....they can go pound sand as far as I care.

 

 

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