Here's the thing: Trump loves to screw creditors, so if it were up to him, he'd give them a haircut on Puerto Rico. But it's not up to him
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He wasn't talking about the debt. He was talking about Puerto Rico.
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I don't think he has the authority to do this. It would be a taking.
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If it were just up to Trump, he'd do it. But his administration is thick with Goldman Sachs, so likely not.
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He can’t. And, putting aside the horrible consequences of PRs debt, it’s a good thing that Presidents cant unilaterally do that.
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Devil is in details here: this could be path to get vulture hedge funds out of current process & oversight board they don’t like.
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