Wall Street is pushing and rooting, without impunity, for the exodus of a people from their country. Lack of empathy, greed and profits, disregard for a culture and its members, shameless actions …. for all too see. And the “Master” stands idly by …. not batting an eye, not lifting a finger. As the Island’s population continues to decline, the “powers that be” will swoop in, once again, and “pillage and plunder”! Brief thoughts of a distant Palestine come to mind …. minus the “real bombings”! Shame on “the Master”! It’s snowing its true, forever present character and real intentions!
Stand up, proud Boricuas! Time to fight back!!
–Saturday, August 15, 2015
Yesterday, Wall Street made it clear, that it wants Puerto Ricans to leave the island.
In the middle of a historic drought, a rating service in New York City demanded the highest possible interest rates (aka “yield”) from the Puerto Rico Aqueduct and Sewer Authority (PRASA).
PRASA provides water to 97% of Puerto Rico residents and commercial enterprises, and sewer service to 59% of its residents. If PRASA cannot function, there will be no water in Puerto Rico. Without PRASA, Puerto Ricans will die of thirst.
Knowing all of this, the Moody’s Investor Service today assigned a “Caa3” rating to $750 million worth of PRASA bonds. This puts PRASA deep into Junk Bond territory.
A Caa3 rating also means that the interest rate (or yield) on PRASA bonds will be very high. The buyers of PRASA bonds will make extreme profits: all paid by…
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