Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > Debt


Thanks Tree3Thanks
  • 1 Post By LongWinded
  • 1 Post By coke
  • 1 Post By roastpork
Reply
 
LinkBack Thread Tools Display Modes
Old August 3rd, 2015, 01:19 PM   #1
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 26,848
Joe Puerto Rico Gets Screwed

Quote:
Originally Posted by CNN email
Puerto Rico just went into default for the first time.

The commonwealth didn't pay $58 million in debt due today to creditors of its Public Finance Corporation. The debt is mostly owned by ordinary Puerto Ricans through credit unions.

The island is struggling with about $70 billion in total outstanding debt, and its economy is in recession.

Get complete coverage of breaking news on CNN TV, CNN.com and CNN Mobile.
I bet all those little credit unions and the little bond buyers aren't too big to fail.

There is a day of reckoning eventually.
RNG is offline  
Old August 3rd, 2015, 04:26 PM   #2
Senior Member
 
LongWinded's Avatar
 
Join Date: Jun 2014
Location: United States
Posts: 11,828
Quote:
Originally Posted by RNG View Post
I bet all those little credit unions and the little bond buyers aren't too big to fail.

There is a day of reckoning eventually.
These corporations selling debt to these smaller nations is just like a payday loan and loan shark scam except on a bigger basis.
Thanks from Sabcat
LongWinded is offline  
Old August 3rd, 2015, 07:53 PM   #3
Senior Member
 
Join Date: Jul 2014
Location: massachusetts
Posts: 9,200
Quote:
Originally Posted by LongWinded View Post
These corporations selling debt to these smaller nations is just like a payday loan and loan shark scam except on a bigger basis.
What smaller nations?
Puerto Rico is the United States...
goober is offline  
Old August 3rd, 2015, 08:55 PM   #4
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 26,848
Quote:
Originally Posted by goober View Post
What smaller nations?
Puerto Rico is the United States...
Which state is next? Up here it will be Quebec.
RNG is offline  
Old August 3rd, 2015, 09:29 PM   #5
Banned
 
coke's Avatar
 
Join Date: Feb 2014
Location: nunya
Posts: 12,580
Quote:
Originally Posted by RNG View Post
Which state is next? Up here it will be Quebec.
Illinois is next. Then California. New York after that.
Thanks from roastpork
coke is offline  
Old August 4th, 2015, 03:12 PM   #6
Senior Member
 
roastpork's Avatar
 
Join Date: Nov 2012
Location: Chicago
Posts: 8,407
Quote:
Originally Posted by RNG View Post
Which state is next? Up here it will be Quebec.
Maybe they should become a Canadian territory!
Thanks from coke
roastpork is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > Debt

Tags
joe, puerto, rico, screwed



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
District Court Rules in Favor of Puerto Rico's Ban on Same Sex Marraige Jimmyb Current Events 6 November 4th, 2014 01:01 PM
The Political Status Of Puerto Rico (again) Ricardo Political Talk 3 June 6th, 2008 04:12 AM
Puerto Rico kicks off final week of primaries CNN Current Events 5 June 2nd, 2008 08:48 AM
The American Taxpayer And The Colony Of Puerto Rico Ricardo Racism 6 October 27th, 2006 07:47 PM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.