Puerto Rico doesn’t need this kind of help! Puerto Rico is not a photo op. If this is the case, don’t bother to show up!! Mr. Coumo ….
This Monday Sept. 7, Gov. Andrew Cuomo is taking a plane to Puerto Rico. On board this plane will be City Council Speaker Melissa Mark-Viverito and Bronx Borough President Ruben Diaz, Jr. According to Cuomo’s office, they are all flying down for one day, to “assist Puerto Rico” with its current fiscal crisis.
Actually, it’s all an empty show: a photo op hypocrisy of the highest order for everyone involved…especially Cuomo.
Roughly half of Puerto Rico’s $73 public debt is currently held by hedge funds. These hedge funds include Blue Mountain Capital Management, Stone Lion Capital Partners, Paulson & Company, and Third Point.
All four of these hedge funds are major contributors to Gov. Cuomo’s political campaign committee.
Blue Mountain Capital Management (BMCM) owns $400 million in PREPA (Puerto Rico Electric & Power Authority) bonds.
This year alone, BMCM spent $100,000 on eight lobbyists to block HR 870…
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