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"How will They Identify It?

Tristan Samuel
2025-01-03 02:20 14 0

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And سعر الدولار الان so, my organization, the ReFund America Project, we’re really going to be releasing a collection of reviews over the following couple of months that may look at the other ways by which Wall Street banks actually focused Puerto Rico with predatory deals, and really calling on the PROMESA control board to be putting the pursuits of the folks of Puerto Rico first, to cancel the illegitimate debt so that we can correctly fund providers. SAQIB BHATTI: Yeah, so, أسعار الدولار مباشر basically, I mean, there were a collection of banks, together with Citigroup, Merrill Lynch-now underneath Bank of America-Goldman Sachs, UBS, Banco Santander. Food prices, for example, are up; however it's because of elevated prices, together with drought in California, local weather change, and mergers and acquisitions by large firms that get rid of competition. In the same way that a money-strapped household trying to place meals on the table would possibly go to a payday lender because they need to, to make ends meet, you had, you understand, Puerto Rico attempting to place meals on the desk, run-provide fundamental services, needing to find ways to make ends meet. But what this means-let me put this question to you, Saqib.


Someone intentionally created a faux URL with the intention to get them delisted and so the question was why. They are also trying to get friendly governors and members of Congress to lean on the commissioners. Same thing with bonds, they get bought off and traded. So the same factor that’s happening with PROMESA with the government is going to occur with the electric company. JUAN GONZÁLEZ: Well, Carlos Gallisá, you're a member of the board of administrators of the Puerto Rico electric authority. 10. And that’s one other imposition of the bondholders, which they wish to have a seat in the board of directors. So we are trying to restructure the debt, and the bondholders haven't been in a position to offer us a superb deal in the restructuring of the debt. They should challenge the illegitimate debt. We'd like to make sure, if there’s a PROMESA control board, that they’re not reducing providers additional. AMY GOODMAN: We’re making an attempt to make a link with our guest in San Juan right now.


And so, lots of the investors that are actually shopping for it, which are these vulture hedge funds which can be buying at dirt-low prices and making an attempt to make a huge revenue, earnings as much as near-up to 2,000 percent, if you’re buying at 5 % and planning on making an attempt to gather all 100. I mean, just to put that into perspective, the concept is that there’s one thing that theoretically on its face is worth $1, and I’m going to pay you 5 cents to buy it up. JUAN GONZÁLEZ: I’d prefer to put on-these are a number of the names of the companies that you simply see there: Goldman Sachs, AG Edwards, Bear Stearns, JPMorgan, Morgan Stanley, UBS Investment, Lehman Brothers, Santander Securities, Popular Securities. Banks-you understand, banks like Citigroup, Goldman Sachs, still targeted Puerto Rico for these deals, because they received to make money on the front finish. And banks swooped in-banks like Citigroup, Goldman Sachs-and stated, "Hey, here’s a deal," though they knew that these offers could be actually dangerous and Puerto Rico would never be capable of pay them in the long term.


fruit-and-snack-baskets.jpg?width=746&format=pjpg&exif=0&iptc=0 And what you said is precisely proper, that banks knew that there’s-I imply, there’s no means that Puerto Rico pays all this again. Banks knew that they couldn’t do this. So, the banks needed to know that there was no way that Puerto Rico may pay this back, however but they continued to issue these bonds. A driver might need to exchange money three times a day, not in banks but in again workplace rooms and in parking heaps. The poster little one for selling out our future to cover at this time's shortfalls has to be the Chicago parking meter deal, wherein Mayor Daley struck a satan's bargain to lease out all of town's parking meters for seventy-five years for a $1.565 billion greenback lump sum, with none session or discover. The debt of the facility company is near $9 billion, out of the $70 billion that the government of Puerto Rico owes. Eventually, in several years, when it’s up and running and there’s a brand new authorities that’s been democratically elected, will finish the job with their very own revenues. Then, on the first-someday throughout the primary three months of subsequent year, there shall be an extra increase of 18 %.



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